Current Net Margin
4.34%
Southwest Airlines Co. currently has a net profit margin of 4.34%.
Financial Fundamentals
LUV • Quarterly Data • 5Y View
Historical Margin Data
| Date | Rev ($B) | NI ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-12-31 | 7.44 | 0.32 | 4.34% | ▲356 |
| 2025-09-30 | 6.95 | 0.05 | 0.78% | ▼216 |
| 2025-06-30 | 7.24 | 0.21 | 2.94% | ▲526 |
| 2025-03-31 | 6.43 | -0.15 | -2.32% | ▼608 |
| 2024-12-31 | 6.93 | 0.26 | 3.77% | ▲279 |
| 2024-09-30 | 6.87 | 0.07 | 0.98% | ▼402 |
| 2024-06-30 | 7.35 | 0.37 | 4.99% | ▲864 |
| 2024-03-31 | 6.33 | -0.23 | -3.65% | ▲4 |
| 2023-12-31 | 6.82 | -0.25 | -3.69% | ▼665 |
| 2023-09-30 | 6.53 | 0.19 | 2.96% | ▼675 |
| 2023-06-30 | 7.04 | 0.68 | 9.71% | ▲1249 |
| 2023-03-31 | 5.71 | -0.16 | -2.79% | ▲78 |
| 2022-12-31 | 6.17 | -0.22 | -3.56% | ▼802 |
| 2022-09-30 | 6.22 | 0.28 | 4.45% | ▼684 |
| 2022-06-30 | 6.73 | 0.76 | 11.30% | ▲1722 |
| 2022-03-31 | 4.69 | -0.28 | -5.92% | ▼727 |
| 2021-12-31 | 5.05 | 0.07 | 1.35% | ▼819 |
| 2021-09-30 | 4.68 | 0.45 | 9.53% | ▲85 |
| 2021-06-30 | 4.01 | 0.35 | 8.68% | ▲303 |
| 2021-03-31 | 2.05 | 0.12 | 5.65% | ▲5076 |
| 2020-12-31 | 2.01 | -0.91 | -45.11% | ▲1942 |
| 2020-09-30 | 1.79 | -1.16 | -64.53% | ▲2625 |
| 2020-06-30 | 1.01 | -0.92 | -90.77% | ▼8855 |
| 2020-03-31 | 4.23 | -0.09 | -2.22% | ▼1119 |
| 2019-12-31 | 5.73 | 0.51 | 8.97% | ▼271 |
| 2019-09-30 | 5.64 | 0.66 | 11.69% | ▼85 |
| 2019-06-30 | 5.91 | 0.74 | 12.54% | ▲502 |
| 2019-03-31 | 5.15 | 0.39 | 7.52% | ▼395 |
| 2018-12-31 | 5.70 | 0.65 | 11.47% | ▲43 |
| 2018-09-30 | 5.58 | 0.61 | 11.03% | ▼173 |
| 2018-06-30 | 5.74 | 0.73 | 12.77% | ▲340 |
| 2018-03-31 | 4.94 | 0.46 | 9.36% | ▼2643 |
| 2017-12-31 | 5.27 | 1.89 | 35.80% | ▲2626 |
| 2017-09-30 | 5.27 | 0.50 | 9.54% | ▼344 |
| 2017-06-30 | 5.74 | 0.75 | 12.99% | ▲580 |
| 2017-03-31 | 4.88 | 0.35 | 7.19% | ▼310 |
| 2016-12-31 | 5.08 | 0.52 | 10.28% | ▲273 |
| 2016-09-30 | 5.14 | 0.39 | 7.55% | ▼768 |
| 2016-06-30 | 5.38 | 0.82 | 15.23% | ▲464 |
| 2016-03-31 | 4.83 | 0.51 | 10.59% | ▼18 |
| 2015-12-31 | 4.98 | 0.54 | 10.77% | ▼21 |
| 2015-09-30 | 5.32 | 0.58 | 10.98% | ▼91 |
| 2015-06-30 | 5.11 | 0.61 | 11.90% | ▲163 |
| 2015-03-31 | 4.41 | 0.45 | 10.26% | ▲616 |
| 2014-12-31 | 4.63 | 0.19 | 4.11% | ▼275 |
| 2014-09-30 | 4.80 | 0.33 | 6.85% | ▼243 |
| 2014-06-30 | 5.01 | 0.47 | 9.28% | ▲563 |
| 2014-03-31 | 4.17 | 0.15 | 3.65% | ▼114 |
| 2013-12-31 | 4.43 | 0.21 | 4.79% | ▼91 |
| 2013-09-30 | 4.54 | 0.26 | 5.70% | ▲87 |
| 2013-06-30 | 4.64 | 0.22 | 4.82% | ▲338 |
| 2013-03-31 | 4.08 | 0.06 | 1.44% | ▼42 |
| 2012-12-31 | 4.17 | 0.08 | 1.87% | ▲150 |
| 2012-09-30 | 4.31 | 0.02 | 0.37% | ▼457 |
| 2012-06-30 | 4.62 | 0.23 | 4.94% | ▲248 |
| 2012-03-31 | 3.99 | 0.10 | 2.46% | ▼124 |
| 2011-12-31 | 4.11 | 0.15 | 3.70% | ▲695 |
| 2011-09-30 | 4.31 | -0.14 | -3.25% | ▼714 |
| 2011-06-30 | 4.14 | 0.16 | 3.89% | ▲373 |
| 2011-03-31 | 3.10 | 0.01 | 0.16% | ▼405 |
| 2010-12-31 | 3.11 | 0.13 | 4.21% | ▼222 |
| 2010-09-30 | 3.19 | 0.20 | 6.42% | ▲289 |
| 2010-06-30 | 3.17 | 0.11 | 3.54% | ▲312 |
| 2010-03-31 | 2.63 | 0.01 | 0.42% | ▼382 |
| 2009-12-31 | 2.71 | 0.12 | 4.24% | ▲484 |
| 2009-09-30 | 2.67 | -0.02 | -0.60% | ▼266 |
| 2009-06-30 | 2.62 | 0.05 | 2.06% | ▲593 |
| 2009-03-31 | 2.36 | -0.09 | -3.86% | ▼181 |
| 2008-12-31 | 2.73 | -0.06 | -2.05% | ▲210 |
| 2008-09-30 | 2.89 | -0.12 | -4.15% | ▼1534 |
| 2008-06-30 | 2.87 | 0.32 | 11.19% | ▲984 |
| 2008-03-31 | 2.53 | 0.03 | 1.34% | ▼315 |
| 2007-12-31 | 2.49 | 0.11 | 4.49% | ▼177 |
| 2007-09-30 | 2.59 | 0.16 | 6.26% | ▼450 |
| 2007-06-30 | 2.58 | 0.28 | 10.76% | ▲653 |
| 2007-03-31 | 2.20 | 0.09 | 4.23% | ▲173 |
| 2006-12-31 | 2.28 | 0.06 | 2.50% | ▲45 |
| 2006-09-30 | 2.34 | 0.05 | 2.05% | ▼1155 |
| 2006-06-30 | 2.45 | 0.33 | 13.60% | ▲1058 |
| 2006-03-31 | 2.02 | 0.06 | 3.02% | ▼130 |
| 2005-12-31 | 1.99 | 0.09 | 4.33% | ▼709 |
| 2005-09-30 | 1.99 | 0.23 | 11.41% | ▲323 |
| 2005-06-30 | 1.94 | 0.16 | 8.18% | ▲361 |
| 2005-03-31 | 1.66 | 0.08 | 4.57% | ▲125 |
| 2004-12-31 | 1.66 | 0.06 | 3.32% | ▼379 |
| 2004-09-30 | 1.67 | 0.12 | 7.11% | ▲52 |
| 2004-06-30 | 1.72 | 0.11 | 6.59% | ▲483 |
| 2004-03-31 | 1.48 | 0.03 | 1.75% | ▼260 |
| 2003-12-31 | 1.52 | 0.07 | 4.35% | ▼247 |
| 2003-09-30 | 1.55 | 0.11 | 6.83% | ▼941 |
| 2003-06-30 | 1.51 | 0.25 | 16.24% | ▲1446 |
| 2003-03-31 | 1.35 | 0.02 | 1.78% | ▼125 |
| 2002-12-31 | 1.40 | 0.04 | 3.03% | ▼236 |
| 2002-09-30 | 1.39 | 0.07 | 5.38% | ▼156 |
| 2002-06-30 | 1.47 | 0.10 | 6.95% | ▲524 |
| 2002-03-31 | 1.26 | 0.02 | 1.70% | ▼343 |
| 2001-12-31 | 1.24 | 0.06 | 5.13% | ▼618 |
| 2001-09-30 | 1.34 | 0.15 | 11.31% | 0 |
| 2001-06-30 | 1.55 | 0.18 | 11.30% | ▲283 |
| 2001-03-31 | 1.43 | 0.12 | 8.47% | ▼207 |
| 2000-12-31 | 1.47 | 0.15 | 10.54% | ▼192 |
| 2000-09-30 | 1.48 | 0.18 | 12.46% | ▼59 |
| 2000-06-30 | 1.46 | 0.19 | 13.05% | ▲713 |
| 2000-03-31 | 1.24 | 0.07 | 5.92% | ▼187 |
| 1999-12-31 | 1.20 | 0.09 | 7.79% | ▼250 |
| 1999-09-30 | 1.24 | 0.13 | 10.28% | ▼265 |
| 1999-06-30 | 1.22 | 0.16 | 12.93% | ▲402 |
| 1999-03-31 | 1.08 | 0.10 | 8.91% | ▼68 |
| 1998-12-31 | 1.05 | 0.10 | 9.59% | ▼225 |
| 1998-09-30 | 1.09 | 0.13 | 11.84% | ▼53 |
| 1998-06-30 | 1.08 | 0.13 | 12.37% | ▲494 |
| 1998-03-31 | 0.94 | 0.07 | 7.43% | ▼83 |
| 1997-12-31 | 0.98 | 0.08 | 8.26% | ▼102 |
| 1997-09-30 | 1.00 | 0.09 | 9.28% | ▼53 |
| 1997-06-30 | 0.96 | 0.09 | 9.80% | ▲406 |
| 1997-03-31 | 0.89 | 0.05 | 5.74% | ▲236 |
| 1996-12-31 | 0.83 | 0.03 | 3.38% | ▼345 |
| 1996-09-30 | 0.89 | 0.06 | 6.83% | ▼254 |
| 1996-06-30 | 0.91 | 0.09 | 9.37% | ▲510 |
| 1996-03-31 | 0.77 | 0.03 | 4.27% | — |
* Basis Point (bps) change measures sequential efficiency shifts. 100 bps = 1.00% Margin change.