Filing Flows › Southwest Airlines (LUV) › Operating margin
Southwest Airlines (LUV) operating margin by quarter
Southwest Airlines' operating margin was 4.5% in Q3 2026 (third quarter 2026), +1.1 pts from Q2 2026. Over the last 6 quarters it ranged from 0.5% (Q3 2025) to 5.3% (Q4 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 4.5% | +1.1 pts | +4.0 pts |
| Q2 2026 | 3.4% | -1.2 pts | +0.3 pts |
| Q1 2026 | 4.6% | -0.7 pts | — |
| Q4 2025 | 5.3% | +4.8 pts | — |
| Q3 2025 | 0.5% | -2.6 pts | — |
| Q2 2025 | 3.1% | — | — |
Q3 2026 at a glance
Southwest Airlines, Q3 2026: revenue $8.4B (+21% year over year), operating margin 4.5%, net earnings $270M, operating cash flow $513M. The chart follows the revenue to costs, profit and cash.
Questions
What is Southwest Airlines' operating margin?
Southwest Airlines' operating margin was 4.5% in Q3 2026 (third quarter 2026), +1.1 pts from Q2 2026.
How has Southwest Airlines' operating margin changed?
Over the last 6 quarters it ranged from 0.5% (Q3 2025) to 5.3% (Q4 2025).