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

Southwest Airlines has reported Deferred Taxes for 18 years, with the latest figure at -$57.0 million in Q1 2026.

• For the quarter ending Q1 2026, Deferred Taxes fell 232.56% year-over-year to -$57.0 million; the trailing twelve-month figure through Mar 2026 stood at -$222.0 million (down 42.31% YoY), and the FY2025 full-year result was -$122.0 million, up 7.58% from the prior year.
• Deferred Taxes for Q1 2026 stood at -$57.0 million, up from -$85.0 million in the prior quarter.
• The five-year high for Deferred Taxes was $97.0 million in Q1 2022, with the low at -$272.0 million in Q2 2022.
• Historically, Deferred Taxes has averaged -$41.1 million across 5 years, with a median of -$57.0 million in 2023.
• The largest YoY upside for Deferred Taxes was 2040.0% in 2022 against a maximum downside of 1006.67% in 2022.
• Southwest Airlines' Deferred Taxes stood at $22.0 million in 2022, then soared by 150.0% to $55.0 million in 2023, then sank by 227.27% to -$70.0 million in 2024, then slipped by 21.43% to -$85.0 million in 2025, then surged by 32.94% to -$57.0 million in 2026.
• The last three Deferred Taxes figures came in at -$57.0 million (Q1 2026), -$85.0 million (Q4 2025), and -$14.0 million (Q3 2025), per Business Quant data.