SOUTHWEST AIRLINES CO (LUV) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: April 23, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

500M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

LUV currently has 498M outstanding shares. with minimal authorized share overhang for future dilution. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Apr 23, 2026	10-Q filing \| 498.0M shares outstanding	500M
Oct 23, 2025	10-Q filing \| 523.0M shares outstanding	520M
Jul 24, 2025	10-Q filing \| 538.0M shares outstanding	540M
Apr 25, 2025	10-Q filing \| 584.0M shares outstanding	580M
Feb 07, 2025	10-K filing \| 598.0M shares outstanding	600M
Oct 28, 2024	10-Q filing \| 599.0M shares outstanding	600M
Jul 29, 2024	10-Q filing \| 599.0M shares outstanding	600M
Apr 26, 2024	10-Q filing \| 597.0M shares outstanding	600M
Feb 06, 2024	10-K filing \| 595.0M shares outstanding	600M
Oct 30, 2023	10-Q filing \| 596.0M shares outstanding	600M
Jul 28, 2023	10-Q filing \| 595.0M shares outstanding	600M
Apr 28, 2023	10-Q filing \| 594.0M shares outstanding	590M
Feb 07, 2023	10-K filing \| 593.0M shares outstanding	590M
Oct 31, 2022	10-Q filing \| 593.0M shares outstanding	590M
Aug 02, 2022	10-Q filing \| 593.0M shares outstanding	590M
May 02, 2022	10-Q filing \| 592.0M shares outstanding	590M
Feb 07, 2022	10-K filing \| 592.0M shares outstanding	590M
Oct 26, 2021	10-Q filing \| 592.0M shares outstanding	590M
Jul 27, 2021	10-Q filing \| 591.0M shares outstanding	590M
Apr 27, 2021	10-Q filing \| 591.0M shares outstanding	590M
Feb 08, 2021	10-K filing \| 565.0M shares outstanding	570M
Oct 27, 2020	10-Q filing \| 590.0M shares outstanding	590M
Jul 27, 2020	10-Q filing \| 589.9M shares outstanding	590M
Apr 28, 2020	10-Q filing \| 515.0M shares outstanding	520M
Feb 04, 2020	10-K filing \| 538.0M shares outstanding	540M

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