Southwest Airlines (LUV) Deferred Taxes (2009 - 2026)
Southwest Airlines' Deferred Taxes was -$60 million in Q2 2026, compared with -$66 million a year earlier.
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Analysis
Southwest Airlines (LUV) Deferred Taxes (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Southwest Airlines' Deferred Taxes was -$216 million through Jun 30, 2026; for FY2025, it was -$122 million.
- In earlier years, Deferred Taxes was -$132 million in FY2024, -$159 million in FY2023, -$228 million in FY2022 and $21 million in FY2021 (-97.1%).
- Quarterly Deferred Taxes has moved between -$272 million (Q2 2022) and $97 million (Q1 2022) over five years.
- Per Business Quant data, LUV's Deferred Taxes in the three quarters before Q2 2026 was -$57 million (Q1 2026), -$85 million (Q4 2025) and -$14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.79 Bn | 165.32 Bn | - | 39.00 Mn |
| 2 | Csx | 89.31 Bn | 85.52 Bn | - | 33.00 Mn |
| 3 | United Parcel Service | 84.09 Bn | 60.98 Bn | - | 99.00 Mn |
| 4 | Canadian Pacific Kansas City | 77.29 Bn | 76.31 Bn | - | 39.04 Mn |
| 5 | Norfolk Southern | 73.22 Bn | 67.86 Bn | - | 60.00 Mn |
| 6 | Fedex | 71.16 Bn | 37.10 Bn | - | - |
| 7 | Delta Air Lines | 50.19 Bn | 32.37 Bn | - | - |
| 8 | Old Dominion Freight Line | 39.30 Bn | 38.56 Bn | - | - |
| 9 | United Airlines Holdings | 31.93 Bn | -24.45 Bn | - | - |
| 10 | Southwest Airlines | 19.37 Bn | 6.00 Bn | - | 60.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.00 Mn |
| Mar 31, 2026 | 57.00 Mn |
| Dec 31, 2025 | 85.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | 66.00 Mn |
| Mar 31, 2025 | -43.00 Mn |
| Dec 31, 2024 | 70.00 Mn |
| Sep 30, 2024 | 19.00 Mn |
| Jun 30, 2024 | 110.00 Mn |
| Mar 31, 2024 | -68.00 Mn |
| Dec 31, 2023 | -55.00 Mn |
| Sep 30, 2023 | 57.00 Mn |
| Jun 30, 2023 | 209.00 Mn |
| Mar 31, 2023 | -52.00 Mn |
| Dec 31, 2022 | -22.00 Mn |
| Sep 30, 2022 | 76.00 Mn |
| Jun 30, 2022 | 272.00 Mn |
| Mar 31, 2022 | -97.00 Mn |
| Dec 31, 2021 | -63.00 Mn |
| Sep 30, 2021 | 67.00 Mn |
API Access
Southwest Airlines Deferred Taxes 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=deferred-taxes&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "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=deferred-taxes&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();