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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.43B | $7.25B | $7.44B | $6.95B | $7.24B | $6.43B | $6.93B | $6.87B |
| Gross profit | $8.43B | $7.25B | $7.44B | $6.95B | $7.24B | $6.43B | $6.93B | $6.87B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $3.50B | $3.30B | $3.38B | $3.22B | $3.26B | $3.10B | $3.23B | $3.07B |
| Operating expenses | $8.15B | $6.92B | $7.05B | $6.91B | $7.02B | $6.65B | $6.65B | $6.83B |
| Operating income | $285.00M | $330.00M | $391.00M | $35.00M | $225.00M | −$223.00M | $278.00M | $38.00M |
| Operating margin | 3.4% | 4.6% | 5.3% | 0.5% | 3.1% | -3.5% | 4.0% | 0.6% |
| EBITDA | $687.00M | $728.00M | $762.00M | $429.00M | $625.00M | $173.00M | $685.00M | $476.00M |
| Interest income | $33.00M | $23.00M | $33.00M | $34.00M | $54.00M | $84.00M | $105.00M | $121.00M |
| Interest expense | −$52.00M | −$54.00M | −$47.00M | −$35.00M | −$26.00M | −$46.00M | −$58.00M | −$63.00M |
| Income before taxes | $306.00M | $285.00M | $408.00M | $68.00M | $280.00M | −$192.00M | $329.00M | $89.00M |
| Income taxes | $73.00M | $58.00M | $85.00M | $14.00M | $67.00M | −$43.00M | $68.00M | $22.00M |
| Net income | $233.00M | $227.00M | $323.00M | $54.00M | $213.00M | −$149.00M | $261.00M | $67.00M |
| Net margin | 2.8% | 3.1% | 4.3% | 0.8% | 2.9% | -2.3% | 3.8% | 1.0% |
| EPS, basic | $0.48 | $0.45 | $0.63 | $0.10 | $0.40 | −$0.26 | $0.44 | $0.11 |
| EPS, diluted | $0.47 | $0.45 | $0.56 | $0.10 | $0.39 | −$0.26 | $0.36 | $0.11 |
| Diluted shares | 493.00M | 503.00M | 581.00M | 526.00M | 541.00M | 584.00M | 731.00M | 601.00M |
Figures describe Southwest Airlines shares, not any token. As of Jul 23, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.