Q3 FY2026 · ended Sep 30, 2026 · Revenue $8.42B, +21.2% YoY · Filed Oct 22, 2026
Southwest Airlines Co (LUV) files with the SEC under industry code 4512, Air Transportation, Scheduled. In Q3 of fiscal 2026, the quarter ended Sep 30, 2026, it reported revenue of $8.4 billion and net income of $270.0 million. Free cash flow was -$493.0 million. As of Sep 30, 2026 it held $3.6 billion in cash and investments and $4.7 billion in total debt.
Revenue
$8.42B
+21.2% vs year-ago quarter
Net income
$270.00M
+400.0% vs year-ago quarter
Operating cash flow
$513.00M
+78.7% vs year-ago quarter
Free cash flow
$-493.00M
-10.0% vs year-ago quarter
EPS
$0.55
+450.0% vs year-ago quarter
Dividend per share
$0.18
+0.0% vs year-ago quarter
Shares outstanding
489.60M
-5.3% vs year-ago quarter
Net cash
$-1.09B
Q3 FY2026
Operating margin
4.4%
TTM
Company profile
- Industry
- Air Transportation, Scheduled (SIC 4512)
- Listed as
- LUV (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- TX
- Headquarters
- Dallas, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 92380
Other Air Transportation, Scheduled companies
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q3 FY2026 Sep 30, 2026 |
Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $8.4B | $8.4B | $7.2B | $7.4B | $6.9B |
| Operating income | $379.0M | $285.0M | $330.0M | $391.0M | $35.0M |
| Net income | $270.0M | $233.0M | $227.0M | $323.0M | $54.0M |
| Diluted EPS | $0.55 | $0.47 | $0.45 | $0.56 | $0.10 |
| Operating cash flow | $513.0M | $530.0M | $1.4B | $295.0M | $287.0M |
| Free cash flow | -$493.0M | -$288.0M | $788.0M | -$456.0M | -$448.0M |
| Total assets | $30.5B | $30.1B | $29.4B | $29.1B | $28.3B |
| Stockholders' equity | $7.3B | $7.1B | $6.9B | $8.0B | $7.8B |
| Cash and investments | $3.6B | $3.8B | $3.3B | $3.2B | $3.0B |
| Total debt | $4.7B | $4.7B | $5.5B | $6.1B | $5.2B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt, Other events
|
Nov 2, 2026 | Nov 2, 2026 |
| 10-Q | Quarterly report | Oct 22, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 21, 2026 | Oct 21, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Aug 12, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Officer or director change
|
Aug 10, 2026 | Aug 10, 2026 |
| 8-K |
Current report
Officer or director change
|
Aug 7, 2026 | Aug 5, 2026 |
All 1004 Southwest Airlines Co SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.