Southwest Airlines Co. (LUV) Revenue CAGR:4.72%(TTM)
Revenue CAGR uses precomputed financial statement history.
Over longer horizons, Southwest Airlines Co.'s Revenue CAGR averages 5.17% over 3 years and 33.29% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Revenue CAGR measures how Southwest Airlines Co.'s top-line revenue has grown over time. Consistent revenue growth is a key indicator of business expansion and market share gains.
LUV Revenue CAGR Chart
Southwest Airlines Co. (LUV)
LUV Quarterly Revenue Growth (YoY)
Revenue growth vs the same quarter one year earlier, last 20 quarters.
LUV Revenue CAGR History
| Year | Start Revenue | End Revenue | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $27.48B | $28.06B | +$580.00M | +2.11% | +2.11% |
| 2024 | $26.09B | $27.48B | +$1.39B | +5.34% | +5.34% |
| 2023 | $23.81B | $26.09B | +$2.28B | +9.56% | +9.56% |
| 2022 | $15.79B | $23.81B | +$8.02B | +50.82% | +50.82% |
| 2021 | $9.05B | $15.79B | +$6.74B | +74.51% | +74.51% |
| 2020 | $22.43B | $9.05B | $-13.38B | -59.66% | -59.66% |
| 2019 | $21.96B | $22.43B | +$463.00M | +2.11% | +2.11% |
| 2018 | $21.17B | $21.96B | +$794.00M | +3.75% | +3.75% |
| 2017 | $20.43B | $21.17B | +$746.00M | +3.65% | +3.65% |
| 2016 | $19.82B | $20.43B | +$605.00M | +3.05% | +3.05% |
| 2015 | $18.61B | $19.82B | +$1.22B | +6.53% | +6.53% |
| 2014 | $17.70B | $18.61B | +$906.00M | +5.12% | +5.12% |
| 2013 | $17.09B | $17.70B | +$611.00M | +3.58% | +3.58% |
| 2012 | $15.66B | $17.09B | +$1.43B | +9.13% | +9.13% |
| 2011 | $12.10B | $15.66B | +$3.55B | +29.36% | +29.36% |
| 2010 | $10.35B | $12.10B | +$1.75B | +16.95% | +16.95% |
| 2009 | $11.02B | $10.35B | $-673.00M | -6.11% | -6.11% |
| 2008 | $9.86B | $11.02B | +$1.16B | +11.78% | +11.78% |
| 2007 | $9.09B | $9.86B | +$775.00M | +8.53% | +8.53% |
| 2006 | $7.58B | $9.09B | +$1.50B | +19.80% | +19.80% |
| 2005 | $6.53B | $7.58B | +$1.05B | +16.14% | +16.14% |
| 2004 | $5.94B | $6.53B | +$593.00M | +9.99% | +9.99% |
| 2003 | $5.52B | $5.94B | +$415.23M | +7.52% | +7.52% |
| 2002 | $5.56B | $5.52B | $-33.40M | -0.60% | -0.60% |
| 2001 | $5.65B | $5.56B | $-94.39M | -1.67% | -1.67% |
| 2000 | $4.74B | $5.65B | +$913.97M | +19.30% | +19.30% |
| 1999 | $4.16B | $4.74B | +$571.61M | +13.73% | +13.73% |
| 1998 | $3.82B | $4.16B | +$347.16M | +9.10% | +9.10% |
| 1997 | $3.41B | $3.82B | +$410.65M | +12.06% | +12.06% |
Quarterly Revenue: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $7.25B | -2.6% | +12.8% |
| Q4 2025 | $7.44B | +7.1% | +7.4% |
| Q3 2025 | $6.95B | -4.1% | +1.1% |
| Q2 2025 | $7.24B | +12.7% | -1.5% |
| Q1 2025 | $6.43B | -7.2% | +1.6% |
| Q4 2024 | $6.93B | +0.9% | +1.6% |
| Q3 2024 | $6.87B | -6.6% | +5.3% |
| Q2 2024 | $7.35B | +16.2% | +4.5% |
| Q1 2024 | $6.33B | -7.2% | +10.9% |
| Q4 2023 | $6.82B | +4.6% | +10.5% |
| Q3 2023 | $6.53B | -7.3% | +4.9% |
| Q2 2023 | $7.04B | +23.3% | +4.6% |
| Q1 2023 | $5.71B | -7.6% | +21.6% |
| Q4 2022 | $6.17B | -0.8% | +22.2% |
| Q3 2022 | $6.22B | -7.6% | +32.9% |
| Q2 2022 | $6.73B | +43.3% | +67.9% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About Southwest Airlines Co.
Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- Robert E. Jordan