What is Southwest Airlines's share buybacks?

Southwest Airlines (LUV) reported share buybacks of $0 in Q2 2026.

How has Southwest Airlines's share buybacks changed year-over-year?

Southwest Airlines's share buybacks decreased by 100.0% year-over-year, from $1.5B to $0.

What does share buybacks mean?

Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.

Southwest Airlines LUV Share Buybacks

Share Buybacks at other companies

United Airlines HoldingsUAL

-$54M-123%

Alaska Air GroupALK

$193M+83.8%

ALG

Allegiant TravelALGT

$55K-99.5%

Other financials

Income statement

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Revenue$8.4B+16.4%

Operating income$285.0M+26.7%

Net income$233.0M+9.4%

EPS (diluted)$0.47+20.5%

Balance sheet

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Cash & equivalents$3.8B+9.1%

Total debt$6.9B+29.0%

Total equity$7.1B-11.5%

Total assets$30.1B+4.9%

Cash flow

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Operating cash flow$530.0M+32.2%

CapEx$818.0M+23.9%

Free cash flow-$288.0M-11.2%

Valuation

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Market cap$21.71B+34.6%

Enterprise value$24.81B+37.9%

P/E25.9×-15.2×

P/S0.7×+0.1×

Profitability

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Operating margin3.5%+2.3pp

Net margin2.8%+1.4pp

FCF margin-1.5%+0.5pp

Returns & leverage

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Return on equity11.1%+6.9pp

Debt / equity1×+0.3×

Current ratio0.5×-0.1×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfCommonStock.

The official record: Southwest Airlines’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southwest Airlines's share buybacks?: Southwest Airlines (LUV) reported share buybacks of $0 in Q2 2026.
How has Southwest Airlines's share buybacks changed year-over-year?: Southwest Airlines's share buybacks decreased by 100.0% year-over-year, from $1.5B to $0.
What does share buybacks mean?: Cash used to buy back the company's own shares on the open market or through structured programs, reducing shares outstanding.