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Southwest Airlines (LUV) Deferred Taxes (2016 - 2026)

Southwest Airlines has reported Deferred Taxes over the past 18 years, most recently at -$57.0 million for Q1 2026.

  • Quarterly Deferred Taxes fell 232.56% to -$57.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was -$222.0 million through Mar 2026, down 42.31% year-over-year, with the annual reading at -$122.0 million for FY2025, 7.58% up from the prior year.
  • Deferred Taxes was -$57.0 million for Q1 2026 at Southwest Airlines, up from -$85.0 million in the prior quarter.
  • Over five years, Deferred Taxes peaked at $97.0 million in Q1 2022 and troughed at -$272.0 million in Q2 2022.
  • The 5-year median for Deferred Taxes is -$57.0 million (2023), against an average of -$41.1 million.
  • Peak annual rise in Deferred Taxes hit 2040.0% in 2022, while the deepest fall reached 1006.67% in 2022.
  • Tracing LUV's Deferred Taxes over 5 years: stood at $22.0 million in 2022, then skyrocketed by 150.0% to $55.0 million in 2023, then crashed by 227.27% to -$70.0 million in 2024, then dropped by 21.43% to -$85.0 million in 2025, then soared by 32.94% to -$57.0 million in 2026.
  • According to Business Quant data, Deferred Taxes over the past three periods came in at -$57.0 million, -$85.0 million, and -$14.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.