Southwest Airlines Co. revenue by year
Over the 10 fiscal years shown, revenue went from $20.43B (year ended Dec 31, 2016) to $28.06B (year ended Dec 31, 2025), a compound annual growth rate of 3.6%. The fastest growth was +74.5% in the year ended Dec 31, 2021; the weakest year was −59.7% (year ended Dec 31, 2020).
Annual revenue
| Fiscal year ended | Revenue (USD) | Change | XBRL concept | Reported in |
|---|---|---|---|---|
| Dec 31, 2025 | $28.06B | +2.1% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 5, 2026 |
| Dec 31, 2024 | $27.48B | +5.3% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 5, 2026 |
| Dec 31, 2023 | $26.09B | +9.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 5, 2026 |
| Dec 31, 2022 | $23.81B | +50.8% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 7, 2025 |
| Dec 31, 2021 | $15.79B | +74.5% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 6, 2024 |
| Dec 31, 2020 | $9.05B | −59.7% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 7, 2023 |
| Dec 31, 2019 | $22.43B | +2.1% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 7, 2022 |
| Dec 31, 2018 | $21.96B | +3.8% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 8, 2021 |
| Dec 31, 2017 | $21.17B | +3.7% | Revenues | 10-K filed Feb 7, 2018 |
| Dec 31, 2016 | $20.43B | +3.1% | Revenues | 10-K filed Feb 7, 2018 |
Southwest Airlines Co. reported revenue under 2 different XBRL concepts across these years (often after the 2018 change in revenue-recognition rules, ASC 606). Each row shows the concept used, so you can judge comparability.
Quarterly revenue
Quarters reported in 10-Q filings. Fourth quarters are usually reported only inside the annual 10-K, so they are not listed separately here; we do not estimate them.
| Quarter | Revenue (USD) | vs same quarter a year earlier | Source |
|---|---|---|---|
| 3 months ended Sep 30, 2026 | $8.42B | +21.2% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2026 | $8.43B | +16.4% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2026 | $7.25B | +12.8% | 10-Q filed Apr 23, 2026 |
| 3 months ended Sep 30, 2025 | $6.95B | +1.1% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2025 | $7.24B | −1.5% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2025 | $6.43B | +1.6% | 10-Q filed Apr 23, 2026 |
| 3 months ended Sep 30, 2024 | $6.87B | +5.3% | 10-Q filed Oct 23, 2025 |
| 3 months ended Jun 30, 2024 | $7.35B | +4.5% | 10-Q filed Jul 24, 2025 |
Source: SEC EDGAR XBRL company facts for CIK 92380 (raw data). Most recent filing in this dataset: 10-Q filed Oct 22, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.