What is Southwest Airlines's total assets?

Southwest Airlines (LUV) reported total assets of $29.36B in Q1 2026.

How has Southwest Airlines's total assets changed year-over-year?

Southwest Airlines's total assets decreased by 11.6% year-over-year, from $33.21B to $29.36B.

What is the long-term trend for Southwest Airlines's total assets?

Over 5 years (2020 to 2025), Southwest Airlines's total assets has grown at a -3.4% compound annual growth rate (CAGR), from $34.59B to $29.06B.

What does total assets mean?

The sum of everything the company owns — current assets, property, investments, goodwill, intangibles, and all other assets.

Southwest Airlines LUV Total Assets

Total Assets at other companies

Delta Air LinesDAL

$86.32B+10.1%

United Airlines HoldingsUAL

$80.94B+6.3%

Alaska Air GroupALK

$20.3B+2.4%

JetBlue AirwaysJBLU

$16.61B-2.9%

ALG

Allegiant TravelALGT

$4.41B-2.0%

Frontier Group Holdings, Inc.ULCC

$7.02B+8.3%

Other financials

Income statement

See full

Revenue$7.2B+12.8%

Operating income$330.0M+248%

Net income$227.0M+252%

EPS (diluted)$0.45+273%

Balance sheet

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Cash & equivalents$3.3B-59.1%

Total debt$6.4B-20.0%

Total equity$6.9B-26.6%

Cash flow

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Operating cash flow$1.4B+64.9%

CapEx$630.0M+19.5%

Free cash flow$788.0M+137%

Valuation

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Market cap$23.67B+22.2%

Enterprise value$26.74B+26.0%

P/E29×-20.4×

P/S0.8×+0.1×

Profitability

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Operating margin3.4%+1.6pp

Net margin2.8%+0.8pp

FCF margin-1.4%-0.4pp

Returns & leverage

See full

Return on equity10.1%+4.5pp

Debt / equity0.9×+0.1×

Current ratio0.5×-0.3×

Where this comes from

Reported directly by Southwest Airlines in its filing.

Tagged under the XBRL concept us-gaap:Assets.

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

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Questions, answered.

What is Southwest Airlines's total assets?: Southwest Airlines (LUV) reported total assets of $29.36B in Q1 2026.
How has Southwest Airlines's total assets changed year-over-year?: Southwest Airlines's total assets decreased by 11.6% year-over-year, from $33.21B to $29.36B.
What is the long-term trend for Southwest Airlines's total assets?: Over 5 years (2020 to 2025), Southwest Airlines's total assets has grown at a -3.4% compound annual growth rate (CAGR), from $34.59B to $29.06B.
What does total assets mean?: The sum of everything the company owns — current assets, property, investments, goodwill, intangibles, and all other assets.