Southwest Airlines (LUV) Cash & Current Investments (2009 - 2026)
Southwest Airlines (LUV) recorded Cash & Current Investments of $3.62 billion in Q3 2026, up 20.1% from $3.02 billion a year earlier but down 4.4% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Cash & Current Investments (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines reported Cash & Current Investments of $3.23 billion, down 63.0% from FY2024.
- Annual Cash & Current Investments has declined for four straight years, with a five-year compound annual growth rate of -24.7% (FY2020 to FY2025).
- Across earlier years, Cash & Current Investments came in at $8.73 billion in FY2024 (-24.0%), $11.47 billion in FY2023 (-6.7%), $12.29 billion in FY2022 (-20.7%) and $15.5 billion in FY2021 (+16.3%).
- Quarterly Cash & Current Investments has ranged from $3.02 billion in Q3 2025 to $16.43 billion in Q2 2022 over the past five years.
- On a year-over-year basis, Cash & Current Investments rose in 1 of the last eight quarters, with an average decline of 34.8%.
- Peak year-over-year performance for Cash & Current Investments in the last five years was growth of 20.1% in Q3 2026, against a decline of 67.8% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.79 billion (Q2 2026), $3.33 billion (Q1 2026) and $3.23 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Current Investments (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - | 3.09 Bn |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - | 6.84 Bn |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - | 1.61 Bn |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - | 281.16 Mn |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - | 13.06 Bn |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - | 1.60 Bn |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - | 3.79 Bn |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - | 14.65 Bn |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - | 466.22 Mn |
| 10 | Southwest Airlines | 21.75 Bn | 7.77 Bn | - | 3.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.62 Bn |
| Jun 30, 2026 | 3.79 Bn |
| Mar 31, 2026 | 3.33 Bn |
| Dec 31, 2025 | 3.23 Bn |
| Sep 30, 2025 | 3.02 Bn |
| Jun 30, 2025 | 3.84 Bn |
| Mar 31, 2025 | 8.25 Bn |
| Dec 31, 2024 | 8.73 Bn |
| Sep 30, 2024 | 9.38 Bn |
| Jun 30, 2024 | 10.00 Bn |
| Mar 31, 2024 | 10.51 Bn |
| Dec 31, 2023 | 11.47 Bn |
| Sep 30, 2023 | 11.73 Bn |
| Jun 30, 2023 | 12.18 Bn |
| Mar 31, 2023 | 11.67 Bn |
| Dec 31, 2022 | 12.29 Bn |
| Sep 30, 2022 | 13.67 Bn |
| Jun 30, 2022 | 16.43 Bn |
| Mar 31, 2022 | 15.74 Bn |
| Dec 31, 2021 | 15.50 Bn |
API Access
Southwest Airlines Cash & Current Investments API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-current-investments&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-current-investments", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-current-investments&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();