Southwest reported third quarter 2026 net income of $270 million, or $0.55 per diluted share, compared with $54 million, or $0.10 per share, a year earlier. Operating revenue rose 21.2% to $8.4 billion, but fuel expense increased by $821 million, and the company gave 2026 adjusted EPS guidance of $2.60 to $2.85.
Q3 2026 operating revenue of $8.4 billion, up 21.2% year-over-year; unit revenue (RASM) rose 21.6%
Q3 fuel cost was $3.92 per gallon, a $821 million year-over-year increase in fuel expense
Full-year 2026 adjusted EPS guidance of $2.60 to $2.85; fourth quarter adjusted EPS guidance of $0.55 to $0.80
Company paid $176 million in dividends in Q3 and will hold a Capital Markets Day in New York City on March 2, 2027
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
From Southwest Airlines's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$28.06B
+2.1%
$0.79
+3.9%
1.6%
FY2024
$27.48B
+5.3%
$0.76
+0.0%
1.7%
FY2023
$26.09B
+9.6%
$0.76
-12.6%
1.8%
FY2022
$23.81B
+50.8%
$0.87
-46.0%
2.3%
FY2021
$15.79B
+74.5%
$1.61
—
6.2%
Frequently asked questions
When is Southwest Airlines's next earnings date?
Southwest Airlines has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Southwest Airlines earn last quarter?
For the quarter ended Sep 2026, Southwest Airlines reported diluted EPS of $0.55 (+450.0% year over year) on revenue of $8.42B (+21.2%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.