Southwest Airlines Co.LUVNYSE
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Operating Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+6.1%
5Y CAGR+18.3%
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+6.1%/yr
vs +7.0%/yr prior
5Y CAGR
+18.3%/yr
Recent deceleration
Acceleration
-0.8pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.3x
Strong expansion
Streak
5 yr
Consecutive growthStrong
PeriodValueYoY Change
2025$4.47B+8.0%
2024$4.14B+3.5%
2023$4.00B+7.1%
2022$3.73B+56.0%
2021$2.39B+24.3%
2020$1.93B-36.4%
2019$3.03B+6.1%
2018$2.85B+0.2%
2017$2.85B+5.3%
2016$2.70B-