Southwest Airlines (NYSE: LUV) net income
Southwest Airlines reported a net profit of $441.0m for fiscal 2025, 5.2% less than in fiscal 2024 ($465.0m). Its net margin was 1.6%. Earnings per share were $0.82.
Net income by fiscal year
| Fiscal year | Net income | Change | Net margin | Earnings per share |
|---|---|---|---|---|
| 2025 | $441.0m | −5.2% | 1.6% | $0.82 |
| 2024 | $465.0m | 0.0% | 1.7% | $0.78 |
| 2023 | $465.0m | −13.7% | 1.8% | $0.78 |
| 2022 | $539.0m | −44.8% | 2.3% | $0.91 |
| 2021 | $977.0m | — | 6.2% | $1.65 |
| 2020 | −$3,074m | −233.7% | −34.0% | −$5.44 |
| 2019 | $2,300m | −6.7% | 10.3% | $4.28 |
| 2018 | $2,465m | −26.6% | 11.2% | $4.30 |
| 2017 | $3,357m | +53.8% | 15.9% | $5.58 |
| 2016 | $2,183m | — | 10.8% | $3.58 |
The change compares each fiscal year with the one before and is not calculated when the previous year closed with a loss. Net margin is net income over revenue from the same filing. Figures are in millions of US dollars, except per-share amounts.
Questions about the net income of Southwest Airlines
- How much did Southwest Airlines earn in fiscal 2025?
- Southwest Airlines reported a net profit of $441.0m for fiscal 2025. In fiscal 2024 it reported a net profit of $465.0m.
- What are the earnings per share of Southwest Airlines?
- They were $0.82 in fiscal 2025, compared with $0.78 in fiscal 2024.
- What is the net margin of Southwest Airlines?
- In fiscal 2025 its net profit was 1.6% of its revenue.
- What was the most profitable year for Southwest Airlines?
- Of its last 10 fiscal years, fiscal 2017, with $3,357m.
- Where do the figures for Southwest Airlines come from?
- From the annual report (Form 10-K) that Southwest Airlines files with the SEC, the US securities regulator. Each fiscal year links to its filing.
Where each figure comes from
From the annual report (Form 10-K) that Southwest Airlines files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. More on Southwest Airlines: the Southwest Airlines page · annual accounts · revenue · dividends paid · insider transactions.
Dividend per share of Southwest Airlines by fiscal year, with the filing behind every figure: Southwest Airlines dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.