Southwest Airlines (LUV) Cash & Equivalents (2009 - 2026)
Southwest Airlines' Cash & Equivalents was $3.62 billion in Q3 2026, up 24.9% from $2.9 billion a year earlier but down 4.4% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Cash & Equivalents (2009 - 2026) Analysis & Trends
At the end of FY2025, Cash & Equivalents at Southwest Airlines came in at $3.23 billion, down 57.0% from FY2024.
- Cash & Equivalents has now declined for four consecutive years, with a five-year compound annual growth rate of -21.8% (FY2020 to FY2025).
- In earlier years, Cash & Equivalents was $7.51 billion in FY2024 (-19.2%), $9.29 billion in FY2023 (-2.1%), $9.49 billion in FY2022 (-23.9%) and $12.48 billion in FY2021 (+12.8%).
- Quarterly Cash & Equivalents has moved between $2.9 billion (Q3 2025) and $13.23 billion (Q2 2022) over five years.
- Compared with a year earlier, Cash & Equivalents was higher in two of the last eight quarters, with an average decline of 28.4%.
- The best year-over-year quarter for Cash & Equivalents over five years was Q3 2026 (growth of 24.9%); the worst was Q3 2025 (a decline of 65.9%).
- Per Business Quant data, LUV's Cash & Equivalents in the three quarters before Q3 2026 was $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 & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 174.04 Bn | 166.29 Bn | - | 2.21 Bn |
| 2 | Csx | 93.63 Bn | 88.85 Bn | - | 1.22 Bn |
| 3 | Canadian Pacific Kansas City | 78.71 Bn | 78.42 Bn | - | 257.58 Mn |
| 4 | United Parcel Service | 75.71 Bn | 52.63 Bn | - | 4.65 Bn |
| 5 | Norfolk Southern | 74.09 Bn | 68.55 Bn | - | 1.60 Bn |
| 6 | Fedex | 70.69 Bn | 36.64 Bn | - | 13.31 Bn |
| 7 | Delta Air Lines | 50.49 Bn | 32.68 Bn | - | 3.79 Bn |
| 8 | Old Dominion Freight Line | 37.91 Bn | 37.17 Bn | - | 283.94 Mn |
| 9 | United Airlines Holdings | 31.82 Bn | -25.88 Bn | - | 6.65 Bn |
| 10 | Southwest Airlines | 20.44 Bn | 6.46 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 | 2.90 Bn |
| Jun 30, 2025 | 3.48 Bn |
| Mar 31, 2025 | 8.13 Bn |
| Dec 31, 2024 | 7.51 Bn |
| Sep 30, 2024 | 8.50 Bn |
| Jun 30, 2024 | 8.14 Bn |
| Mar 31, 2024 | 8.37 Bn |
| Dec 31, 2023 | 9.29 Bn |
| Sep 30, 2023 | 9.50 Bn |
| Jun 30, 2023 | 9.16 Bn |
| Mar 31, 2023 | 8.36 Bn |
| Dec 31, 2022 | 9.49 Bn |
| Sep 30, 2022 | 10.44 Bn |
| Jun 30, 2022 | 13.23 Bn |
| Mar 31, 2022 | 13.10 Bn |
| Dec 31, 2021 | 12.48 Bn |
API Access
Southwest Airlines Cash & Equivalents 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-equivalents&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "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-equivalents&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();