Southwest Airlines Q3 2026 Earnings: Record $8.4B Revenue, EPS Guide Cut 27% on Fuel
Southwest Airlines Q3 2026 revenue hit a record $8.4B (+21.2%) and profit rose to $270M, but $4.55 fuel cut the 2026 adjusted EPS guide to $2.60–$2.85.
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Plain-text accounting insights, tutorials, and updates from the Beancount.io team.
Software Escrow Agreements, Explained: How Source-Code Escrow Protects You When a Critical Vendor Fails
Software escrow holds your vendor's source code with a neutral agent, releasable on insolvency or support failure — verify it builds, or it protects nothing.
Real Estate Dealer vs. Investor: Why the Same Gain Is Ordinary Income for a Flipper and Capital Gain for a Landlord
Dealer flips face IRS ordinary income plus self-employment tax; investor sales get capital-gains rates, installment sales, and 1031 exchanges.
Quest Diagnostics Q3 2026 Earnings: The $3.1B Quarter Where Volume Did All the Work
Quest Diagnostics Q3 2026 revenue rose 10% to $3.10B on 14.5% more requisitions while revenue per requisition fell 4.2%; diluted EPS jumped 28.7% to $2.78.
Moody's Q3 2026 Earnings: The $4.24 Quarter Built on a $115M Divestiture Gain
Moody's Q3 2026 revenue rose 1% to $2.02B while diluted EPS jumped 18% to $4.24 — a $115M divestiture gain and buybacks did the work; adjusted EPS grew 6%.
Market Cap vs. Enterprise Value: Why Share Price Times Shares Outstanding Misses Debt and Cash
Enterprise value adds debt and subtracts cash from market cap, giving the theoretical takeover price buyers actually negotiate from.
LIFO Reserve and LIFO Liquidation, Explained: The Footnote That Restates LIFO Inventory to FIFO
The LIFO reserve is FIFO inventory minus LIFO inventory; liquidating old layers books phantom profit that Section 472 still taxes in full.
Las Vegas Sands Q3 2026 Earnings: The $3.2B Quarter the House Didn't Win
Las Vegas Sands Q3 2026 revenue fell 3.5% to $3.22B and net income 27% to $304M — Marina Bay Sands mass hold sank to 18.7% even as table drop rose 12.6%.
Joint Costs and the Split-Off Point, Explained: How Makers Allocate Shared Production Costs
Joint costs split at the split-off point by physical units, sales value, or NRV — but sell-or-process-further decisions must use incremental dollars only.
Internal Rate of Return (IRR), Explained: The Discount Rate That Zeros Out NPV, the Hurdle-Rate Rule, and the Traps
IRR is the discount rate that zeroes a project's NPV — accept only above your cost of capital, and cross-check high readings with MIRR.
Honeywell Q3 2026 Earnings: $5.0B Sales and a 640bp Margin Jump After the Breakup
Honeywell's first post-breakup quarter: Q3 2026 sales of $5.0B grew 7% organically, operating margin jumped 640bp to 14.8% and adjusted EPS rose 34%.
DuPont Analysis, Explained: Splitting ROE Into Margin, Turnover, and Leverage
DuPont analysis splits ROE into profit margin × asset turnover × leverage — so a rising return you cannot trace to operations reads as borrowed, not earned.