SOUTHWEST AIRLINES CO
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $28.1B | $27.5B | $26.1B | $23.8B | $15.8B |
| Operating income | $428.0M | $321.0M | $224.0M | $1.0B | $1.7B |
| Cash from operations | $1.8B | $462.0M | $3.2B | $3.8B | $2.3B |
| Capital expenditure | $2.7B | $2.1B | $3.5B | $3.9B | $505.0M |
| Free cash flow | -$831.0M | -$1.6B | -$356.0M | -$134.0M | $1.8B |
| Share repurchases | $2.5B | $250.0M | $0 | $0 | $0 |
| Impairments | — | — | — | $28.0M | $12.0M |
| Total assets | $29.1B | $33.8B | $36.5B | $35.4B | $36.3B |
Shares outstanding 488.8M · Free float 86.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.