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.

• For the quarter ending Q2 2026, Deferred Taxes rose 9.09% year-over-year to -$60.0 million; the trailing twelve-month figure through Jun 2026 stood at -$216.0 million (down 92.86% YoY), and the FY2025 full-year result was -$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.
• Across five years, Deferred Taxes topped out at $97.0 million in Q1 2022 and bottomed at -$272.0 million in Q2 2022.
• Historically, Deferred Taxes has averaged -$42.1 million across 5 years, with a median of -$57.0 million in 2023.
• The widest YoY moves for Deferred Taxes: up 2040.0% in 2022, down 1006.67% in 2022.
• Over 5 years, Deferred Taxes stood at $22.0 million in 2022, then surged by 150.0% to $55.0 million in 2023, then tumbled by 227.27% to -$70.0 million in 2024, then declined by 21.43% to -$85.0 million in 2025, then rose 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.