Southwest Airlines (LUV) Deferred Taxes (2009 - 2026)
Southwest Airlines' (LUV) quarterly Deferred Taxes came in at -$60.0 million in Q2 2026, up 9.09% YoY from -$55.0 million in Q2 2025, and down 5.26% on a QoQ basis from -$57.0 million in Q1 2026.
Southwest Airlines (LUV) Deferred Taxes (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Deferred Taxes data on file, last reported at -$60.0 million 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 fell to -$60.0 million in Q2 2026, from -$57.0 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $97.0 million in Q1 2022 to a low of -$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 widest YoY moves for Deferred Taxes: up 2040.0% in 2022, down 1006.67% in 2022.
- Tracing LUV's Deferred Taxes over 5 years: 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 grew by 29.41% to -$60.0 million in 2026.
- The last three Deferred Taxes figures came in at -$60.0 million (Q2 2026), -$57.0 million (Q1 2026), and -$85.0 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | -60.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 138.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | - |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -28.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | - |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | -3.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | - |
Historic Data
Download 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 |