Southwest Airlines (LUV) Deferred Taxes (2009 - 2026)

Southwest Airlines (LUV) has reported Deferred Taxes for 18 consecutive years, with -$60.0 million the latest figure, recorded in Q2 2026.

• Quarterly Deferred Taxes rose 9.09% year-over-year to -$60.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$216.0 million (down 92.86% YoY) and the FY2025 annual result came in at -$122.0 million, up 7.58% from the prior year.
• Deferred Taxes eased to -$60.0 million in Q2 2026 per LUV's latest filing, from -$57.0 million in the prior quarter.
• Over the last five years, Deferred Taxes for LUV reached as high as $97.0 million in Q1 2022 and fell as low as -$272.0 million in Q2 2022.
• A 5-year average of -$42.1 million and a median of -$57.0 million in 2023 frame the typical range for Deferred Taxes.
• The largest YoY upside for Deferred Taxes was 2040.0% in 2022 against a maximum downside of 1006.67% in 2022.
• Year by year, Deferred Taxes stood at $22.0 million in 2022, then soared by 150.0% to $55.0 million in 2023, then slumped by 227.27% to -$70.0 million in 2024, then fell by 21.43% to -$85.0 million in 2025, then gained by 29.41% to -$60.0 million in 2026.
• According to Business Quant data, Deferred Taxes over the past three periods registered -$60.0 million, -$57.0 million, and -$85.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.