What is Southwest Airlines's total revenue?

Southwest Airlines (LUV) reported total revenue of $7.25B in Q1 2026.

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

Southwest Airlines's total revenue increased by 12.8% year-over-year, from $6.43B to $7.25B.

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

Over 4 years (2021 to 2025), Southwest Airlines's total revenue has grown at a 15.5% compound annual growth rate (CAGR), from $15.79B to $28.06B.

What does total revenue mean?

The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

Southwest Airlines LUV Total Revenue

Total Revenue at other companies

Delta Air LinesDAL

$19.76B+18.7%

United Airlines HoldingsUAL

$14.61B+10.6%

Alaska Air GroupALK

$3.3B+5.2%

JetBlue AirwaysJBLU

$2.24B+4.7%

ALG

Allegiant TravelALGT

$732.43M+4.8%

Frontier Group Holdings, Inc.ULCC

$992M+8.8%

Segments

By product

See full

Passenger non-loyalty$5.19B+8.9%

Passenger ancillary sold separately$715M+192%

Passenger loyalty - air transportation$688M-14.0%

By geography

See full

North America$27.3B+2.2%

Latin America$756M-5.3%

Other financials

Income statement

See full

Operating income$330.0M+248%

Net income$227.0M+252%

EPS (diluted)$0.45+273%

Balance sheet

See full

Cash & equivalents$3.3B-59.1%

Total debt$6.4B-20.0%

Total equity$6.9B-26.6%

Total assets$29.4B-11.6%

Cash flow

See full

Operating cash flow$1.4B+64.9%

CapEx$630.0M+19.5%

Free cash flow$788.0M+137%

Valuation

See full

Market cap$23.67B+22.2%

Enterprise value$26.74B+26.0%

P/E29×-20.4×

P/S0.8×+0.1×

Profitability

See full

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 revenue?: Southwest Airlines (LUV) reported total revenue of $7.25B in Q1 2026.
How has Southwest Airlines's total revenue changed year-over-year?: Southwest Airlines's total revenue increased by 12.8% year-over-year, from $6.43B to $7.25B.
What is the long-term trend for Southwest Airlines's total revenue?: Over 4 years (2021 to 2025), Southwest Airlines's total revenue has grown at a 15.5% compound annual growth rate (CAGR), from $15.79B to $28.06B.
What does total revenue mean?: The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.