What is Southwest Airlines's total equity?

Southwest Airlines (LUV) reported total equity of $6.88B in Q1 2026.

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

Southwest Airlines's total equity decreased by 26.6% year-over-year, from $9.37B to $6.88B.

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

Over 5 years (2020 to 2025), Southwest Airlines's total equity has grown at a -2.1% compound annual growth rate (CAGR), from $8.88B to $7.98B.

What does total equity mean?

Net assets attributable to shareholders — total assets minus total liabilities. Represents the book value of shareholders' ownership claim.

Southwest Airlines LUV Total Equity

Total Equity at other companies

Delta Air LinesDAL

$21.82B+25.1%

United Airlines HoldingsUAL

$15.88B+25.8%

Alaska Air GroupALK

$3.73B-9.8%

JetBlue AirwaysJBLU

$1.81B-26.0%

ALG

Allegiant TravelALGT

$1.1B-1.5%

Frontier Group Holdings, Inc.ULCC

$222M-61.1%

Other financials

Income statement

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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 assets$29.4B-11.6%

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

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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:StockholdersEquity.

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 equity?: Southwest Airlines (LUV) reported total equity of $6.88B in Q1 2026.
How has Southwest Airlines's total equity changed year-over-year?: Southwest Airlines's total equity decreased by 26.6% year-over-year, from $9.37B to $6.88B.
What is the long-term trend for Southwest Airlines's total equity?: Over 5 years (2020 to 2025), Southwest Airlines's total equity has grown at a -2.1% compound annual growth rate (CAGR), from $8.88B to $7.98B.
What does total equity mean?: Net assets attributable to shareholders — total assets minus total liabilities. Represents the book value of shareholders' ownership claim.