Southwest Airlines Co.
LUVNYSEIndustrials● Active
$41.54
+$0.23(+0.56%)
Market Cap$20.3B
P/E Ratio—
52W High$55.11
52W Low$28.98
Southwest Airlines Co. (LUV) Earnings: Dates, EPS & Revenue History
Quarterly EPS vs. estimates, revenue surprises, next earnings date, and analyst consensus.
LUV · earnings · updated Jun 8, 2026
Latest Earnings
Q2 FY2026Report Date: Apr 22, 2026EPS Actual
$0.45
Est. $0.45 · +0.0%
Revenue
$7.25B
Est. $7.27B · -0.3%
Fiscal Period
Q2 FY2026
FY ends December
Report Date
Apr 22, 2026
After Market Close
✓ 3-Quarter EPS Beat Streak
LUV reports quarterly as a NYSE-listed Airlines, Airports & Air Services company. Fiscal year ends in December. Data: FMP · Updated hourly.
Next Earnings Date
Days Away
85
days
Expected Date
Sep 1, 2026
Fiscal Period
Q3 FY2026
Release Time
◌ Time TBD (Unconfirmed)EPS Est.
—
Days Away85
Expected DateSep 1, 2026
Fiscal PeriodQ3 FY2026
Release TimeTime TBD (Unconfirmed)
EPS Est.—
EPS & Revenue vs. Estimates
Actual (Beat)
Actual (Miss)
Estimated
Earnings History
| Period | Report Date | EPS Est. | EPS Actual | EPS Surpr. | Revenue | Rev. Est. | Rev. Surpr. |
|---|---|---|---|---|---|---|---|
| ◌ Q3 FY2026 | Jul 22, 2026 | $0.49 | — | — | — | $8.57B | — |
| — Q2 FY2026 | Apr 22, 2026 | $0.45 | $0.45 | +0.0% | $7.25B | $7.27B | -0.3% |
| ▲ Q1 FY2026 | Jan 28, 2026 | $0.57 | $0.58 | +2.1% | $7.44B | $7.50B | -0.8% |
| ▲ Q4 FY2025 | Oct 22, 2025 | -$0.04 | $0.11 | +398.7% | $6.95B | $6.92B | +0.5% |
| ▼ Q3 FY2025 | Jul 23, 2025 | $0.51 | $0.43 | -15.8% | $7.24B | $7.30B | -0.7% |
| ▲ Q2 FY2025 | Apr 23, 2025 | -$0.18 | -$0.13 | +29.2% | $6.43B | $6.39B | +0.6% |
| ▲ Q1 FY2025 | Jan 30, 2025 | $0.46 | $0.56 | +21.3% | $6.93B | $6.96B | -0.4% |
| ▲ Q4 FY2024 | Oct 24, 2024 | $0.00 | $0.15 | +3650.0% | $6.87B | $6.77B | +1.4% |
Q3 FY2026
Jul 22, 2026
EPS Actual
—
EPS Est.
$0.49
EPS Surpr.
—
Revenue
—
Q2 FY2026
Apr 22, 2026
EPS Actual
$0.45
EPS Est.
$0.45
EPS Surpr.
+0.0%
Revenue
$7.25B
Q1 FY2026
Jan 28, 2026Beat
EPS Actual
$0.58
EPS Est.
$0.57
EPS Surpr.
+2.1%
Revenue
$7.44B
Q4 FY2025
Oct 22, 2025Beat
EPS Actual
$0.11
EPS Est.
-$0.04
EPS Surpr.
+398.7%
Revenue
$6.95B
Q3 FY2025
Jul 23, 2025Miss
EPS Actual
$0.43
EPS Est.
$0.51
EPS Surpr.
-15.8%
Revenue
$7.24B
Q2 FY2025
Apr 23, 2025Beat
EPS Actual
-$0.13
EPS Est.
-$0.18
EPS Surpr.
+29.2%
Revenue
$6.43B
Q1 FY2025
Jan 30, 2025Beat
EPS Actual
$0.56
EPS Est.
$0.46
EPS Surpr.
+21.3%
Revenue
$6.93B
Q4 FY2024
Oct 24, 2024Beat
EPS Actual
$0.15
EPS Est.
$0.00
EPS Surpr.
+3650.0%
Revenue
$6.87B
Analyst Estimates
EPS Estimates
| Period | Low | Consensus | High | # Analysts |
|---|---|---|---|---|
| Q4 FY2029 | $1.57 | $1.61 | $1.64 | 11 |
| Q3 FY2029 | $1.47 | $1.51 | $1.54 | 9 |
| Q2 FY2029 | $1.72 | $1.77 | $1.80 | 8 |
| Q1 FY2029 | $0.86 | $0.89 | $0.90 | 8 |
| Q4 FY2028 | $1.38 | $1.42 | $1.44 | 9 |
| Q3 FY2028 | $1.18 | $1.22 | $1.24 | 7 |
Revenue Estimates
| Period | Low | Consensus | High | # Analysts |
|---|---|---|---|---|
| Q4 FY2029 | $9.5B | $9.7B | $9.8B | 5 |
| Q3 FY2029 | $9.3B | $9.5B | $9.7B | 5 |
| Q2 FY2029 | $9.6B | $9.8B | $9.9B | 8 |
| Q1 FY2029 | $8.3B | $8.5B | $8.6B | 6 |
| Q4 FY2028 | $9.1B | $9.3B | $9.4B | 4 |
| Q3 FY2028 | $8.9B | $9.1B | $9.2B | 9 |
Earnings Price Reaction
Closing price one trading day before vs. one trading day after each earnings release.
| Period | Report Date | EPS Beat/Miss | Price Before | Price After | 1D Reaction |
|---|---|---|---|---|---|
| ▲ Q2 FY2026 | Apr 22, 2026 | +0.0% | $40.92 | $39.35 | -3.84% |
| ▲ Q1 FY2026 | Jan 28, 2026 | +2.1% | $41.34 | $40.86 | -1.16% |
| ▲ Q4 FY2025 | Oct 22, 2025 | +398.7% | $34.68 | $33.76 | -2.65% |
| ▼ Q3 FY2025 | Jul 23, 2025 | -15.8% | $37.17 | $37.44 | +0.73% |
| ▲ Q2 FY2025 | Apr 23, 2025 | +29.2% | $24.75 | $25.52 | +3.11% |
| ▲ Q1 FY2025 | Jan 30, 2025 | +21.3% | $31.65 | $31.26 | -1.23% |
| ▲ Q4 FY2024 | Oct 24, 2024 | +3650.0% | $30.73 | $29.02 | -5.56% |
| ▲ Q3 FY2024 | Jul 25, 2024 | +13.7% | $26.61 | $28.08 | +5.52% |
Q2 FY2026-3.84%
Report Date
Apr 22, 2026
EPS Beat/Miss
+0.0%
Price Before
$40.92
Price After
$39.35
Q1 FY2026-1.16%
Report Date
Jan 28, 2026
EPS Beat/Miss
+2.1%
Price Before
$41.34
Price After
$40.86
Q4 FY2025-2.65%
Report Date
Oct 22, 2025
EPS Beat/Miss
+398.7%
Price Before
$34.68
Price After
$33.76
Q3 FY2025+0.73%
Report Date
Jul 23, 2025
EPS Beat/Miss
-15.8%
Price Before
$37.17
Price After
$37.44
Q2 FY2025+3.11%
Report Date
Apr 23, 2025
EPS Beat/Miss
+29.2%
Price Before
$24.75
Price After
$25.52
Q1 FY2025-1.23%
Report Date
Jan 30, 2025
EPS Beat/Miss
+21.3%
Price Before
$31.65
Price After
$31.26
Q4 FY2024-5.56%
Report Date
Oct 24, 2024
EPS Beat/Miss
+3650.0%
Price Before
$30.73
Price After
$29.02
Q3 FY2024+5.52%
Report Date
Jul 25, 2024
EPS Beat/Miss
+13.7%
Price Before
$26.61
Price After
$28.08
Avg Beat Reaction-0.83%
Avg Miss Reaction+0.73%
Beat Rate7 / 8 quarters
Largest Move-5.56% (Q4 FY2024)
Data: FMP /historical-price-eod/full · field: close
About Earnings & Data Methodology
Data source: Financial Modeling Prep (FMP) | Updated: Hourly | Surprise%: (Actual − Estimate) / |Estimate| × 100 | Fiscal year: LUV ends December
Southwest Airlines Co. (LUV) most recently reported earnings on April 22, 2026 for Q2 FY2026, posting EPS of $0.45 (in line with the analyst consensus of $0.45). LUV has beaten EPS estimates for 3 consecutive quarters. The next LUV earnings date is expected around September 1, 2026.
Each quarter, investors track LUV earnings for signals on forward guidance and business momentum. For longer-term revenue trends, see the Revenue tab. LUV revenue tab →
Earnings Glossary
EPS (Earnings Per Share)
Net income ÷ diluted shares outstanding. The primary metric analysts use to gauge quarterly profitability.
Earnings Surprise %
(Actual − Estimate) / |Estimate| × 100. Positive = Beat. Negative = Miss.
Beat / Miss / In-Line
Beat = Actual ≥ Estimate. Miss = Actual < Estimate. In-Line = within ±1%.
BMO / AMC
Before Market Open / After Market Close. Two windows when companies typically release results.
Fiscal Quarter
LUV's fiscal year ends in December. Fiscal quarters may not align with calendar quarters.
Analyst Consensus
Average EPS/Revenue forecast across all covering analysts. More analysts = more reliable estimate.
Figures tie to FMP earnings calendar, estimates, and SEC 10-Q/10-K filings where noted.
Frequently asked questions
LUV earnings · 4 questionsSouthwest Airlines Co.'s next earnings report is expected around September 1, 2026. LUV typically reports quarterly — approximately every three months. The exact date is confirmed by the company 2–4 weeks before the release. Time is currently TBD; LUV historically reports after market close (AMC).
LUV earnings datewhen is LUV earningsLUV next earnings datewhen does LUV report earningsLUV earnings calendar
▸ Source: FMP · Southwest Airlines Co. SEC filings · US GAAP · Southwest Airlines Co. SEC 10-K & 10-Q filings · US GAAP · Updated: Jun 8, 2026