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Southwest Airlines Co. (LUV) Gross margin

annual gross margin:

17.03%+0.87%(+5.38%)
December 31, 2024

Summary

  • As of today (August 18, 2025), LUV annual gross profit margin is 17.03%, with the most recent change of +0.87% (+5.38%) on December 31, 2024.
  • During the last 3 years, LUV annual gross margin has risen by +9.69% (+132.02%).
  • LUV annual gross margin is now -63.72% below its all-time high of 46.94%, reached on December 31, 2008.

Performance

1-year change

+5.38%

3-year change

+132.02%

5-year change

-36.67%

15-year change

-47.1%

LUV Gross margin Chart

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Highlights

Sector rank

28.32%
LUV annual gross profit margin is higher than 28.32% of companies in Industrials sector

Range

All-time high

46.94%
LUV annual gross profit margin is currently -63.72% below its historical high of 46.94%

3-year low

7.34%
LUV annual gross profit margin is currently +132.02% above its 3-year low

Earnings dates

Last annual earnings report date

Dec 31, 2024
LUV previous annual earnings announcement was published on Dec 31, 2024

Next annual earnings report date

N/A
LUV next annual earnings announcement has not yet been scheduled

OtherLUVprofitability metrics

Annual revenue

$27.48B
LUV annual revenue is $27.48 billion

Annual gross profit

$4.68B
LUV annual gross profit is $4.68 billion

annual operating margin

-80.98%
LUV annual operating profit margin is -80.98%

annual net margin

1.76%
LUV annual net profit margin is 1.76%

quarterly gross margin:

19.74%+4.26%(+27.52%)
June 30, 2025

Summary

  • As of today (August 18, 2025), LUV quarterly gross profit margin is 19.74%, with the most recent change of +4.26% (+27.52%) on June 30, 2025.
  • Over the past year, LUV quarterly gross margin has dropped by -1.31% (-6.22%).
  • LUV quarterly gross margin is now -71.77% below its all-time high of 69.92%, reached on September 30, 2001.

Performance

3-month change

+27.52%

1-year change

-6.22%

3-year change

-19.16%

5-year change

+111.87%

LUV quarterly gross margin Chart

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Highlights

Sector rank

33.89%
LUV quarterly gross profit margin is higher than 33.89% of companies in Industrials sector

Range

All-time high

69.92%
LUV quarterly gross profit margin is currently -71.77% below its historical high of 69.92%

3-year low

10.22%
LUV quarterly gross profit margin is currently +93.15% above its 3-year low

Earnings dates

Last quarterly earnings report date

Jun 30, 2025
LUV previous earnings announcement was published on Jun 30, 2025

Next quarterly earnings report date

Oct 22, 2025
LUV next earnings announcement is scheduled for Oct 22, 2025

OtherLUVprofitability metrics

Quarterly revenue

$7.24B
LUV quarterly revenue is $7.24 billion

quarterly gross profit

$1.43B
LUV quarterly gross profit is $1.43 billion

quarterly operating margin

3.11%
LUV quarterly operating profit margin is 3.11%

Quarterly net margin

2.94%
LUV quarterly net profit margin is 2.94%

Gross margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

annual gross margin

17.03%
LUV annual gross profit margin is 17.03%

Annual gross profit

$4.68B
LUV annual gross profit is $4.68 billion

Annual revenue

$27.48B
LUV annual revenue is $27.48 billion

LUV Gross margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1 y1 year+5.4%-6.2%
3 y3 years+132.0%-19.2%
5 y5 years-36.7%+111.9%

LUV Gross margin Highs & Lows

PeriodPeriodAnnual vs highAnnual vs highAnnual vs lowAnnual vs lowQuarter. vs highQuarter. vs highQuarter. vs lowQuarter. vs low
3 y3-yearat high+132.0%-20.0%+93.2%
5 y5-year-36.7%+155.3%-20.0%+111.9%
alltimeall time-63.7%+155.3%-71.8%+111.9%

LUV Gross margin History

DateAnnualQuarterly
Jun 2025
-
19.74%(+27.5%)
Mar 2025
-
15.48%(-16.2%)
Dec 2024
17.03%(+5.4%)
18.47%(+8.8%)
Sep 2024
-
16.97%(-19.4%)
Jun 2024
-
21.05%(+106.0%)
Mar 2024
-
10.22%(-15.6%)
Dec 2023
16.16%(-4.4%)
12.11%(-22.8%)
Sep 2023
-
15.68%(-36.5%)
Jun 2023
-
24.68%(+120.0%)
Mar 2023
-
11.22%(-23.4%)
Dec 2022
16.90%(+130.2%)
14.65%(-10.6%)
Sep 2022
-
16.38%(-32.9%)
Jun 2022
-
24.42%(+204.1%)
Mar 2022
-
8.03%(-52.5%)
Dec 2021
7.34%(-123.8%)
16.89%(+27.3%)
Sep 2021
-
13.27%(+17.6%)
Jun 2021
-
11.28%(-130.1%)
Mar 2021
-
-37.52%(+19.3%)
Dec 2020
-30.80%(-214.5%)
-31.45%(-46.5%)
Sep 2020
-
-58.78%(-64.7%)
Jun 2020
-
-166.37%(-1254.5%)
Mar 2020
-
14.41%(-43.1%)
Dec 2019
26.89%(-2.0%)
25.31%(-10.8%)
Sep 2019
-
28.37%(-3.3%)
Jun 2019
-
29.35%(+21.3%)
Mar 2019
-
24.20%(-12.4%)
Dec 2018
27.43%(-14.8%)
27.61%(+1.5%)
Sep 2018
-
27.21%(-7.4%)
Jun 2018
-
29.38%(+20.6%)
Mar 2018
-
24.37%(-16.7%)
Dec 2017
32.19%(+4.9%)
29.25%(-10.7%)
Sep 2017
-
32.76%(-10.6%)
Jun 2017
-
36.63%(+28.9%)
Mar 2017
-
28.41%(-15.6%)
Dec 2016
30.68%(-10.2%)
33.67%(+9.7%)
Sep 2016
-
30.69%(-22.5%)
Jun 2016
-
39.58%(+11.2%)
Mar 2016
-
35.58%(+12.3%)
Dec 2015
34.18%(+40.6%)
31.68%(-12.7%)
Sep 2015
-
36.27%(+16.9%)
Jun 2015
-
31.03%(+11.5%)
Mar 2015
-
27.82%(+6.0%)
Dec 2014
24.31%(+29.4%)
26.25%(+5.1%)
Sep 2014
-
24.98%(-7.1%)
Jun 2014
-
26.90%(+47.6%)
Mar 2014
-
18.22%(-15.2%)
Dec 2013
18.79%(+9.0%)
21.48%(+6.9%)
Sep 2013
-
20.09%(+1.5%)
Jun 2013
-
19.79%(+49.1%)
Mar 2013
-
13.27%(-13.5%)
Dec 2012
17.24%(-4.2%)
15.34%(-6.2%)
Sep 2012
-
16.36%(-22.5%)
Jun 2012
-
21.10%(+60.5%)
Mar 2012
-
13.15%(-22.7%)
Dec 2011
17.99%(-19.3%)
17.02%(-4.6%)
Sep 2011
-
17.84%(+0.2%)
Jun 2011
-
17.80%(+8.3%)
Mar 2011
-
16.44%(-17.3%)
Dec 2010
22.28%(+16.6%)
19.88%(-11.6%)
Sep 2010
-
22.49%(+3.3%)
Jun 2010
-
21.78%(+47.7%)
Mar 2010
-
14.75%(-22.2%)
Dec 2009
19.10%(-59.3%)
18.95%(+46.0%)
Sep 2009
-
12.98%(-26.3%)
Jun 2009
-
17.62%(+49.4%)
Mar 2009
-
11.79%(+3.0%)
Dec 2008
46.94%(+200.7%)
11.45%(+228.1%)
Sep 2008
-
3.49%(-20.5%)
Jun 2008
-
4.39%(-41.2%)
Mar 2008
-
7.47%(-26.1%)
Dec 2007
15.61%(-12.8%)
10.11%(-38.4%)
Sep 2007
-
16.42%(-18.1%)
Jun 2007
-
20.05%(+28.9%)
Mar 2007
-
15.56%(-11.4%)
Dec 2006
17.90%
17.57%(+5.0%)
Sep 2006
-
16.74%(-23.5%)
Jun 2006
-
21.89%(+48.3%)
DateAnnualQuarterly
Mar 2006
-
14.76%(+19.8%)
Dec 2005
14.95%(-39.4%)
12.32%(-55.4%)
Sep 2005
-
27.60%(-56.4%)
Jun 2005
-
63.32%(+378.6%)
Mar 2005
-
13.23%(-78.3%)
Dec 2004
24.69%(-10.4%)
61.09%(-3.2%)
Sep 2004
-
63.14%(-1.1%)
Jun 2004
-
63.87%(+6.6%)
Mar 2004
-
59.91%(-3.4%)
Dec 2003
27.57%(+2.9%)
62.03%(-1.6%)
Sep 2003
-
63.04%(-1.7%)
Jun 2003
-
64.16%(+8.8%)
Mar 2003
-
58.99%(+137.8%)
Dec 2002
26.78%(-11.8%)
24.81%(-64.2%)
Sep 2002
-
69.22%(+7.7%)
Jun 2002
-
64.30%(+6.2%)
Mar 2002
-
60.52%(+11.4%)
Dec 2001
30.36%(-8.8%)
54.32%(-22.3%)
Sep 2001
-
69.92%(+7.6%)
Jun 2001
-
64.97%(+3.8%)
Mar 2001
-
62.60%(-3.3%)
Dec 2000
33.29%(+0.2%)
64.72%(+85.5%)
Sep 2000
-
34.89%(-3.2%)
Jun 2000
-
36.06%(+27.2%)
Mar 2000
-
28.35%(-6.7%)
Dec 1999
33.23%(-0.2%)
30.37%(-6.6%)
Sep 1999
-
32.51%(-12.5%)
Jun 1999
-
37.15%(+13.3%)
Mar 1999
-
32.80%(+0.7%)
Dec 1998
33.31%(+8.6%)
32.57%(-6.0%)
Sep 1998
-
34.64%(-3.4%)
Jun 1998
-
35.85%(+20.7%)
Mar 1998
-
29.71%(-30.4%)
Dec 1997
30.66%(+8.1%)
42.69%(-1.5%)
Sep 1997
-
43.33%(-2.5%)
Jun 1997
-
44.42%(+16.2%)
Mar 1997
-
38.23%(+12.7%)
Dec 1996
28.35%(+0.3%)
33.93%(-12.0%)
Sep 1996
-
38.55%(-10.6%)
Jun 1996
-
43.14%(+18.9%)
Mar 1996
-
36.27%(-2.8%)
Dec 1995
28.26%(-3.0%)
37.30%(-11.5%)
Sep 1995
-
42.13%(+0.8%)
Jun 1995
-
41.80%(+20.8%)
Mar 1995
-
34.61%(-2.4%)
Dec 1994
29.12%(-2.5%)
35.47%(-18.1%)
Sep 1994
-
43.31%(-2.1%)
Jun 1994
-
44.26%(-14.6%)
Mar 1994
-
51.82%(+8.9%)
Dec 1993
29.86%(+13.1%)
47.58%(-14.5%)
Sep 1993
-
55.66%(+1.3%)
Jun 1993
-
54.95%(+4.8%)
Mar 1993
-
52.45%(-2.1%)
Dec 1992
26.39%(+22.6%)
53.60%(+0.5%)
Sep 1992
-
53.32%(+1.6%)
Jun 1992
-
52.47%(+0.5%)
Mar 1992
-
52.21%(+5.2%)
Dec 1991
21.53%(-3.8%)
49.64%(-3.3%)
Sep 1991
-
51.34%(+4.5%)
Jun 1991
-
49.12%(+13.6%)
Mar 1991
-
43.25%(+6.9%)
Dec 1990
22.39%(-13.4%)
40.45%(-24.1%)
Sep 1990
-
53.32%(-5.0%)
Jun 1990
-
56.10%(+14.9%)
Mar 1990
-
48.81%(0.0%)
Dec 1989
25.84%(-6.8%)
48.81%(-10.1%)
Sep 1989
-
54.28%(+3.6%)
Jun 1989
-
52.39%(-3.8%)
Mar 1989
-
54.45%
Dec 1988
27.73%(+18.4%)
-
Dec 1987
23.42%(-23.3%)
-
Dec 1986
30.53%(+5.9%)
-
Dec 1985
28.82%(-0.1%)
-
Dec 1984
28.86%(-6.4%)
-
Dec 1983
30.83%(+15.9%)
-
Dec 1982
26.59%(-14.2%)
-
Dec 1981
31.00%(-15.8%)
-
Dec 1980
36.80%
-

FAQ

  • What is Southwest Airlines Co. annual gross profit margin?
  • What is the all time high annual gross margin for Southwest Airlines Co.?
  • What is Southwest Airlines Co. annual gross margin year-on-year change?
  • What is Southwest Airlines Co. quarterly gross profit margin?
  • What is the all time high quarterly gross margin for Southwest Airlines Co.?
  • What is Southwest Airlines Co. quarterly gross margin year-on-year change?

What is Southwest Airlines Co. annual gross profit margin?

The current annual gross margin of LUV is 17.03%

What is the all time high annual gross margin for Southwest Airlines Co.?

Southwest Airlines Co. all-time high annual gross profit margin is 46.94%

What is Southwest Airlines Co. annual gross margin year-on-year change?

Over the past year, LUV annual gross profit margin has changed by +0.87% (+5.38%)

What is Southwest Airlines Co. quarterly gross profit margin?

The current quarterly gross margin of LUV is 19.74%

What is the all time high quarterly gross margin for Southwest Airlines Co.?

Southwest Airlines Co. all-time high quarterly gross profit margin is 69.92%

What is Southwest Airlines Co. quarterly gross margin year-on-year change?

Over the past year, LUV quarterly gross profit margin has changed by -1.31% (-6.22%)
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