Southwest Airlines annual shares outstanding
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Southwest Airlines Shares Outstanding History (LUV)
Southwest Airlines reported 491.3M shares outstanding at the end of fiscal 2025.
View full Southwest Airlines company overviewSouthwest Airlines annual shares outstanding history
| Fiscal year | Period ended | Shares outstanding | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 491.3M | −101.3M | −17.10% |
| 2024 | 2024-12-31 | 592.7M | −4.0M | −0.67% |
| 2023 | 2023-12-31 | 596.7M | 2.4M | +0.40% |
| 2022 | 2022-12-31 | 594.3M | 1.9M | +0.33% |
| 2021 | 2021-12-31 | 592.3M | 1.7M | +0.28% |
| 2020 | 2020-12-31 | 590.7M | 73.4M | +14.19% |
| 2019 | 2019-12-31 | 517.3M | −35.4M | −6.40% |
| 2018 | 2018-12-31 | 552.7M | −35.3M | −6.00% |
| 2017 | 2017-12-31 | 588.0M | −27.3M | −4.44% |
| 2016 | 2016-12-31 | 615.3M | −22.8M | −3.58% |
| 2015 | 2015-12-31 | 638.1M | −37.9M | −5.61% |
| 2014 | 2014-12-31 | 676.0M | −26.0M | −3.70% |
| 2013 | 2013-12-31 | 702.0M | −26.1M | −3.59% |
| 2012 | 2012-12-31 | 728.1M | −44.8M | −5.80% |
| 2011 | 2011-12-31 | 772.9M | 25.3M | +3.39% |
| 2010 | 2010-12-31 | 747.6M | — | — |
Southwest Airlines quarterly shares outstanding
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| Fiscal quarter | Period ended | Shares outstanding | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 489.2M | −36.0M | −6.85% |
| Q1 2026 | 2026-03-31 | 488.8M | −81.1M | −14.23% |
| Q4 2025 | 2025-12-31 | 491.3M | −101.3M | −17.10% |
| Q3 2025 | 2025-09-30 | 517.2M | −82.6M | −13.77% |
| Q2 2025 | 2025-06-30 | 525.2M | −74.0M | −12.35% |
| Q1 2025 | 2025-03-31 | 569.9M | −28.6M | −4.78% |
| Q4 2024 | 2024-12-31 | 592.7M | −4.0M | −0.67% |
| Q3 2024 | 2024-09-30 | 599.7M | 3.6M | +0.61% |
| Q2 2024 | 2024-06-30 | 599.2M | 3.5M | +0.59% |
| Q1 2024 | 2024-03-31 | 598.5M | 3.4M | +0.57% |
| Q4 2023 | 2023-12-31 | 596.7M | 2.4M | +0.40% |
| Q3 2023 | 2023-09-30 | 596.1M | 2.4M | +0.40% |
| Q2 2023 | 2023-06-30 | 595.6M | 2.3M | +0.38% |
| Q1 2023 | 2023-03-31 | 595.1M | 2.1M | +0.36% |
| Q4 2022 | 2022-12-31 | 594.3M | 1.9M | +0.33% |
| Q3 2022 | 2022-09-30 | 593.8M | 1.8M | +0.31% |
| Q2 2022 | 2022-06-30 | 593.4M | 1.7M | +0.29% |
| Q1 2022 | 2022-03-31 | 593.0M | 1.6M | +0.27% |
| Q4 2021 | 2021-12-31 | 592.3M | 1.7M | +0.28% |
| Q3 2021 | 2021-09-30 | 591.9M | 1.6M | +0.28% |
| Q2 2021 | 2021-06-30 | 591.6M | 1.8M | +0.30% |
| Q1 2021 | 2021-03-31 | 591.4M | 82.5M | +16.21% |
| Q4 2020 | 2020-12-31 | 590.7M | 73.4M | +14.19% |
| Q3 2020 | 2020-09-30 | 590.3M | 64.0M | +12.16% |
| Q2 2020 | 2020-06-30 | 589.9M | 52.4M | +9.74% |
| Q1 2020 | 2020-03-31 | 508.9M | −34.2M | −6.29% |
| Q4 2019 | 2019-12-31 | 517.3M | −35.4M | −6.40% |
| Q3 2019 | 2019-09-30 | 526.3M | −36.0M | −6.41% |
| Q2 2019 | 2019-06-30 | 537.5M | −35.5M | −6.20% |
| Q1 2019 | 2019-03-31 | 543.1M | −36.7M | −6.34% |
| Q4 2018 | 2018-12-31 | 552.7M | −35.3M | −6.00% |
| Q3 2018 | 2018-09-30 | 562.3M | −31.1M | −5.24% |
| Q2 2018 | 2018-06-30 | 573.0M | −25.5M | −4.27% |
| Q1 2018 | 2018-03-31 | 579.8M | −24.9M | −4.11% |
| Q4 2017 | 2017-12-31 | 588.0M | −27.3M | −4.44% |
| Q3 2017 | 2017-09-30 | 593.4M | −22.2M | −3.61% |
| Q2 2017 | 2017-06-30 | 598.6M | −21.7M | −3.49% |
| Q1 2017 | 2017-03-31 | 604.7M | −34.0M | −5.33% |
| Q4 2016 | 2016-12-31 | 615.3M | −22.8M | −3.58% |
| Q3 2016 | 2016-09-30 | 615.6M | −34.8M | −5.34% |
| Q2 2016 | 2016-06-30 | 620.2M | −39.1M | −5.93% |
| Q1 2016 | 2016-03-31 | 638.7M | −29.6M | −4.43% |
| Q4 2015 | 2015-12-31 | 638.1M | −37.9M | −5.61% |
| Q3 2015 | 2015-09-30 | 650.4M | −28.4M | −4.18% |
| Q2 2015 | 2015-06-30 | 659.4M | −25.8M | −3.76% |
| Q1 2015 | 2015-03-31 | 668.3M | −23.5M | −3.40% |
| Q4 2014 | 2014-12-31 | 676.0M | −26.0M | −3.70% |
| Q3 2014 | 2014-09-30 | 678.7M | −18.0M | −2.58% |
| Q2 2014 | 2014-06-30 | 685.1M | −21.1M | −2.98% |
| Q1 2014 | 2014-03-31 | 691.8M | −30.5M | −4.22% |
| Q4 2013 | 2013-12-31 | 702.0M | −26.1M | −3.59% |
| Q3 2013 | 2013-09-30 | 696.7M | −41.3M | −5.59% |
| Q2 2013 | 2013-06-30 | 706.2M | −36.9M | −4.96% |
| Q1 2013 | 2013-03-31 | 722.3M | −45.4M | −5.91% |
| Q4 2012 | 2012-12-31 | 728.1M | −44.8M | −5.80% |
| Q3 2012 | 2012-09-30 | 738.0M | −40.5M | −5.21% |
| Q2 2012 | 2012-06-30 | 743.1M | −60.9M | −7.58% |
| Q1 2012 | 2012-03-31 | 767.7M | 19.7M | +2.64% |
| Q4 2011 | 2011-12-31 | 772.9M | 25.3M | +3.39% |
| Q3 2011 | 2011-09-30 | 778.5M | 32.5M | +4.36% |
| Q2 2011 | 2011-06-30 | 804.0M | 58.0M | +7.77% |
| Q1 2011 | 2011-03-31 | 748.0M | 4.0M | +0.53% |
| Q4 2010 | 2010-12-31 | 747.6M | — | — |
| Q3 2010 | 2010-09-30 | 746.0M | 4.0M | +0.54% |
| Q2 2010 | 2010-06-30 | 746.0M | 5.0M | +0.67% |
| Q1 2010 | 2010-03-31 | 744.0M | 4.0M | +0.54% |
| Q3 2009 | 2009-09-30 | 742.0M | — | — |
| Q2 2009 | 2009-06-30 | 741.0M | — | — |
| Q1 2009 | 2009-03-31 | 740.0M | — | — |
Southwest Airlines Share Buyback History
A share buyback, also called a stock repurchase, is when a company uses cash to buy its own shares. Southwest Airlines share buyback history shows the reported cash used for repurchases. Buybacks can reduce shares outstanding, but issuance, stock-based compensation, acquisitions, and stock splits can change the share count separately.
Southwest Airlines used $2.55B to repurchase common stock in fy 2025. Across the latest 5 reported fiscal years, total share repurchases were $2.80B. The latest reported quarter showed $0 of share repurchases.
| Fiscal year | Period ended | Share repurchases |
|---|---|---|
| 2025 | 2025-12-31 | $2.55B |
| 2024 | 2024-12-31 | $250.0M |
| 2023 | 2023-12-31 | $0 |
| 2022 | 2022-12-31 | $0 |
| 2021 | 2021-12-31 | $0 |
| 2020 | 2020-12-31 | $451.0M |
| 2019 | 2019-12-31 | $2.00B |
| 2018 | 2018-12-31 | $2.00B |
| 2017 | 2017-12-31 | $1.60B |
| 2016 | 2016-12-31 | $1.75B |
TickerStat uses SEC-reported cash payments for common-stock repurchases. The amounts describe capital returned through buybacks; they are not a forecast or a measure of the number of shares retired.
Southwest Airlines shares outstanding trends
Over the last five fiscal years, Southwest Airlines's shares outstanding moved from 590.7M to 491.3M, a change of −99.4M. The latest reported quarter, Q2 2026, shows 489.2M.
About the metric
What shares outstanding means
Shares outstanding is the number of common shares held by investors at a reporting-period end. The count can change because of stock issuance, repurchases, conversions, acquisitions, or stock splits.
Calculation and source
SEC-reported period-end shares
TickerStat displays period-end common shares from SEC filings and adjusts older values to the current share basis when a stock-split conversion ratio is reported directly or evidenced by a later filing’s restated historical share balance. After repeated reverse splits, an old period can represent less than one current-basis share; this is a split-adjusted equivalent, not a literal historical certificate count. Values remain as reported when no reliable split ratio is available. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Southwest Airlines source filings ↗