Southwest Airlines (LUV) FCF Payout Ratio (2009 - 2026)

Southwest Airlines has reported FCF Payout Ratio for 16 years, with the latest figure at 0.12 in Q1 2026.

• For the quarter ending Q1 2026, FCF Payout Ratio fell 63.27% year-over-year to 0.12; the trailing twelve-month figure through Mar 2026 stood at 1.65 (up 934.4% YoY), and the FY2025 full-year result was 0.48, down 77.77% from the prior year.
• FCF Payout Ratio for Q1 2026 stood at 0.12, up from 0.48 in the prior quarter.
• The five-year high for FCF Payout Ratio was 2.1 in Q3 2024, with the low at 0.95 in Q3 2023.
• Historically, FCF Payout Ratio has averaged 0.16 across 4 years, with a median of 0.12 in 2026.
• The largest YoY upside for FCF Payout Ratio was 321.47% in 2024 against a maximum downside of 190.38% in 2024.
• Southwest Airlines' FCF Payout Ratio stood at 0.95 in 2023, then jumped by 100.07% to 0.0 in 2024, then plunged by 75119.95% to 0.48 in 2025, then jumped by 124.42% to 0.12 in 2026.
• The last three FCF Payout Ratio figures came in at 0.12 (Q1 2026), 0.48 (Q3 2025), and 0.26 (Q2 2025), per Business Quant data.