SOUTHWEST AIRLINES CO
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LUV Q4 2025 request
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/api/financials?ticker=LUV&year=2025&quarter=4
Pick an endpoint and run the request.Income Statement
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Revenue | 7,442 | 6,930 | +7.4% |
Show Product Lines breakouts |
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| Cargo And Freight | 44 | 44 | 0.0% |
| Passenger | 6,784 | 6,307 | +7.6% |
| Passenger ancillary sold separately | 669 | 261 | +156.3% |
| Passenger loyalty - air transportation | 784 | 895 | -12.4% |
| Passenger non-loyalty | 5,331 | 5,151 | +3.5% |
| Product And Service Other | 614 | 579 | +6.0% |
| Operating Income | 391 | 278 | +40.6% |
| Non-Operating Income (Expense) | -17 | -51 | +66.7% |
| Interest Expense | 47 | 58 | -19.0% |
| Interest Income | -33 | -105 | +68.6% |
| Other Non-Operating Income (Expense) | -15 | 7 | -314.3% |
| Income Before Taxes | 408 | 329 | +24.0% |
| Income Tax Expense (Benefit) | 85 | 68 | +25.0% |
| Net Income | 323 | 261 | +23.8% |
| Comprehensive Income | 305 | 273 | +11.7% |
| EPS (Basic) | 0.61 | 0.44 | +38.6% |
| EPS (Diluted) | 0.58 | 0.42 | +38.1% |
| Wtd Avg Shares (Basic) | -8 | 0 | — |
| Wtd Avg Shares (Diluted) | 7 | 0 | — |
| Depreciation And Amortization | 371 | 407 | -8.8% |
| Labor And Related Expense | 3,380 | 3,230 | +4.6% |
| Net Income Loss Available To Common Stockholders Basic | 324 | 266 | +21.8% |
Balance Sheet
| Metric | Q4 2025 | Q4 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,231 | 7,509 | -57.0% |
| Accounts Receivable | 98 | 47 | +108.5% |
| Prepaid Expenses & Other Current Assets | 490 | 639 | -23.3% |
| Total Current Assets | 5,645 | 11,274 | -49.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 20,245 | 19,056 | +6.2% |
| Operating Lease Right-of-Use Assets | 1,089 | 1,369 | -20.5% |
| Goodwill | 970 | 970 | 0.0% |
| Other Non-Current Assets | 1,112 | 1,081 | +2.9% |
| Total Assets | 29,061 | 33,750 | -13.9% |
| Current Liabilities | |||
| Accounts Payable | 1,991 | 1,818 | +9.5% |
| Accrued Liabilities | 2,349 | 2,206 | +6.5% |
| Deferred Revenue (Current) | 5,945 | 6,294 | -5.5% |
| Total Current Liabilities | 10,921 | 12,276 | -11.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 4,929 | — | — |
| Operating Lease Liabilities | 768 | 1,031 | -25.5% |
| Deferred Tax Liabilities | 2,289 | 2,167 | +5.6% |
| Other Non-Current Liabilities | 1,306 | 909 | +43.7% |
| Contract With Customer Liability Noncurrent | 1,219 | 1,948 | -37.4% |
| Stockholders' Equity | |||
| Common Stock | 888 | 888 | 0.0% |
| Retained Earnings | 16,388 | 16,332 | +0.3% |
| Accumulated Other Comprehensive Income | -24 | -25 | +4.0% |
| Total Stockholders' Equity | 7,981 | 10,350 | -22.9% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | 106 | 167 | -36.5% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | -137 | -193 | +29.0% |
| Accumulated Other Comprehensive Income | -24 | -25 | +4.0% |
| Additional Paid In Capital | 4,322 | 4,199 | +2.9% |
| Common Stock | 888 | 888 | 0.0% |
| Other | -1 | -7 | +85.7% |
| Retained Earnings | 16,388 | 16,332 | +0.3% |
| Treasury Stock Common | -13,593 | -11,044 | -23.1% |
| Total Liabilities & Equity | 29,061 | 33,750 | -13.9% |
Cash Flow Statement
| Metric | YTD Q4 2025 | YTD Q4 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Change in Deferred Revenue | -961 | -458 | -109.8% |
| Net Cash from Operations | 295 | 476 | -38.0% |
| Investing Activities | |||
| Net Cash from Investing | -742 | 73 | -1116.4% |
| Financing Activities | |||
| Amortization of Financing Costs (Q) | — | — | — |
Show Long-Term Debt Type breakouts |
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| Convertible Debt | 0 | 2 | -100.0% |
| Net Cash from Financing | 776 | -1,543 | +150.3% |
| Supplemental | |||
| Interest Paid | 41 | 96 | -57.3% |
| Other Cash Flow | |||
| Net Change in Cash | 329 | -994 | +133.1% |
Values in millions USD. Source: SEC EDGAR 10-K filing.