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Southwest Airlines CompanyStock · Consumer DiscretionaryS&P 500 0.0%
$45.07+$0.36 (+0.81%)as of market close, Jul 24, 2026
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How Southwest Airlines makes money

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How does Southwest Airlines make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Southwest Airlines Company · FY2025 · year ended 2025-12-31
Revenue$28.1BGross profit$28.1B · 100%Cost of revenue$0 · 0%Operating income$563M · 2%Operating expenses$27.6B · 98%Other opex$27.6B · 98%Net income$441M · 2%Income tax$122M · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.