Companies /Industrials
Southwest Airlines Company
NYSE: LUV Airlines
$44.44
▼ $1.98 (−4.27%) today
Markets closed · 10:06pm ET

Southwest Airlines (LUV) Earnings History & Trends

EPS and revenue vs. Street estimates · SEC filings
71%
EPS beat rate
+82.25%
Avg. EPS surprise
Consecutive EPS beats
LUV vs Market · 30-day return after each reportLUVS&P 500
−10%0%+10%+20%+23.4%+8.1%Q1 25−2.2%+1.3%Q2 25+5.2%−0.5%Q3 25−1.6%−2.0%Q4 25+12.0%+6.0%Q1 26−9.0%+3.4%Q2 26
−10%0%+10%+20%Q1 25Q3 25Q1 26
LUV EPS Trend · estimate vs actualEstimateActual
$0.00$0.40$0.80$-0.19$-0.13Q1 25$0.51$0.43Q2 25$-0.03$0.11Q3 25$0.57$0.58Q4 25$0.47$0.45Q1 26$0.52$0.94Q2 26$0.57$0.66Q3 26
$0.00$0.40$0.80Q1 25Q3 25Q1 26Q3 26
LUV Revenue Trend · estimate vs actualEstimateActual
$0$3.0B$6.0B$9.0B$6.4B$6.4BQ1 25$7.3B$7.2BQ2 25$6.9B$6.9BQ3 25$7.5B$7.4BQ4 25$7.3B$7.2BQ1 26$8.6B$8.4BQ2 26$8.2B$8.4BQ3 26
$0$3.0B$6.0B$9.0BQ1 25Q3 25Q1 26Q3 26

How Often Does Southwest Airlines Beat Earnings Estimates?

Southwest Airlines beat EPS estimates in 5 of its last 7 reported quarters, and has beaten 2 quarters in a row.

LUV quarterly earnings per share and revenue versus Street estimates
Quarter EPS · est. Surprise Revenue · est. Surprise
Q3 2026 Excludes $30M impairment of long-lived assets, $30M severance and related costs, and $13M litigation accruals, net of $16M tax benefit $0.66 est. $0.57 +15.49% $8.4B est. $8.2B +2.17%
Q2 2026 GAAP EPS of $0.47 includes a $285 million breakage revenue adjustment (reversal of breakage revenue from 2022–2025 non-expiring flight credits) and $15 million in severance and related costs. Net income tax impact of special items was $68 million. $0.94 est. $0.52 +80.18% $8.4B est. $8.6B −1.75%
Q1 2026 $0.45 est. $0.47 −4.26% $7.2B est. $7.3B −0.37%
Q4 2025 $0.58 est. $0.57 +1.75% $7.4B est. $7.5B −0.81%
Q3 2025 $0.11 est. $-0.03 +466.67% $6.9B est. $6.9B +0.22%
Q2 2025 $0.43 est. $0.51 −15.69% $7.2B est. $7.3B −0.71%
Q1 2025 $-0.13 est. $-0.19 +31.58% $6.4B est. $6.4B +0.50%

Figures from SEC filings and company reports. Not investment advice.