SOUTHWEST AIRLINES CO (LUV) closed fiscal year 2025 with 516 M shares outstanding and a dividend of 0.72 USD per share.
SOUTHWEST AIRLINES CO (LUV) closed fiscal year 2025 with 516 M shares outstanding and a dividend of 0.72 USD per share. Over the year the share count fell by 77.7 M shares on a net basis. Since 2008 the share count has shrunk by 30.2 %. The dividend per share was 0.72 USD, essentially flat year on year. Total dividends paid came to 399 M USD, spread over 4 payments. The series covers 19 fiscal years, from 2007 to 2025. Per-share amounts are stated in USD. Share counts and dividends come from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding, year-end | 739M | 741M | 747M | 773M | 730M | 700M | 676M | 676M | 615M | 589M | 553M | 519M | 590M | 592M | 594M | 597M | 593M | 516M |
| Shares issued — SBC/options | 0.00M | 2.00M | 6.43M | 25.1M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 71.4M | 1.65M | 1.88M | 2.51M | 0.00M | 0.00M |
| Shares issued (%) | 0.00 % | 0.27 % | 0.86 % | 3.25 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 12.09 % | 0.28 % | 0.32 % | 0.42 % | 0.00 % | 0.00 % |
| Shares repurchased | -29.0M | 0.00M | 0.00M | 0.00M | -42.2M | -29.8M | -24.9M | 0.00M | -60.4M | -26.6M | -35.9M | -33.5M | 0.00M | 0.00M | 0.00M | 0.00M | -3.20M | -77.7M |
| Shares repurchased (%) | -3.92 % | 0.00 % | 0.00 % | 0.00 % | -5.78 % | -4.26 % | -3.69 % | 0.00 % | -9.82 % | -4.52 % | -6.51 % | -6.46 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | -0.54 % | -15.08 % |
| Net addition/reduction | -29.0M | 2.00M | 6.43M | 25.1M | -42.2M | -29.8M | -24.9M | 0.00M | -60.4M | -26.6M | -35.9M | -33.5M | 71.4M | 1.65M | 1.88M | 2.51M | -3.20M | -77.7M |
| Net addition/reduction (%) | -3.92 % | 0.27 % | 0.86 % | 3.25 % | -5.78 % | -4.26 % | -3.69 % | 0.00 % | -9.82 % | -4.52 % | -6.51 % | -6.46 % | 12.09 % | 0.28 % | 0.32 % | 0.42 % | -0.54 % | -15.08 % |
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per share (DPS) | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.13 | 0.22 | 0.29 | 0.38 | 0.48 | 0.61 | 0.70 | 0.18 | — | 0.18 | 0.72 | 0.72 | 0.72 |
| Payout Ratio (%) | 7.30 % | 13.13 % | 2.83 % | 7.87 % | 5.23 % | 9.42 % | 12.24 % | 8.25 % | 10.17 % | 8.16 % | 13.47 % | 16.17 % | — | 0.00 % | 0.00 % | 92.04 % | 92.47 % | 90.48 % |
| Number of payments | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 1.00 | — | — | 5.00 | 4.00 | 4.00 |
| Dividends paid (total) | 13.0M | 13.0M | 13.0M | 14.0M | 22.0M | 71.0M | 139M | 180M | 222M | 274M | 332M | 372M | 188M | 0.00M | 0.00M | 428M | 430M | 399M |
| Dividend Yield (%) | 0.22 % | 0.16 % | 0.14 % | 0.21 % | 0.34 % | 0.69 % | 0.52 % | 0.65 % | 0.75 % | 0.72 % | 1.29 % | 1.29 % | 0.39 % | — | 0.56 % | 2.45 % | 2.12 % | 1.74 % |
Figures in USD
