Southwest Airlines (LUV) Income Taxes Paid (2009 - 2025)
Southwest Airlines' Income Taxes Paid was $4 million in Q2 2025, unchanged from $4 million a year earlier and up 300.0% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Income Taxes Paid (2009 - 2025) Analysis & Trends
For FY2024, Income Taxes Paid at Southwest Airlines came in at $9 million, down 50.0% from FY2023.
- Income Taxes Paid has now declined for three consecutive years, with a five-year compound annual growth rate of -59.0% (FY2019 to FY2024).
- In earlier years, Income Taxes Paid was $18 million in FY2023 (-10.0%), $20 million in FY2022 (-95.5%), $445 million in FY2021 and $19 million in FY2020 (-97.6%).
- Quarterly Income Taxes Paid has moved between $1 million (Q1 2021) and $176 million (Q2 2021) over five years.
- Compared with a year earlier, Income Taxes Paid was higher in two of the last seven quarters, with growth averaging 83.5%.
- The best year-over-year quarter for Income Taxes Paid over five years was Q4 2023 (growth of 800.0%); the worst was Q4 2022 (a decline of 99.4%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes Paid (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 174.04 Bn | 166.29 Bn | - | 104.00 Mn |
| 2 | Csx | 93.63 Bn | 88.85 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 78.71 Bn | 78.42 Bn | - | 206.76 Mn |
| 4 | United Parcel Service | 75.71 Bn | 52.63 Bn | - | - |
| 5 | Norfolk Southern | 74.09 Bn | 68.55 Bn | - | 170.00 Mn |
| 6 | Fedex | 70.69 Bn | 36.64 Bn | - | - |
| 7 | Delta Air Lines | 50.49 Bn | 32.68 Bn | - | - |
| 8 | Old Dominion Freight Line | 37.91 Bn | 37.17 Bn | - | - |
| 9 | United Airlines Holdings | 31.82 Bn | -25.88 Bn | - | - |
| 10 | Southwest Airlines | 20.44 Bn | 6.46 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | 4.00 Mn |
| Mar 31, 2025 | 1.00 Mn |
| Dec 31, 2024 | 2.00 Mn |
| Jun 30, 2024 | 4.00 Mn |
| Mar 31, 2024 | 3.00 Mn |
| Dec 31, 2023 | 9.00 Mn |
| Sep 30, 2023 | 1.00 Mn |
| Jun 30, 2023 | 6.00 Mn |
| Mar 31, 2023 | 2.00 Mn |
| Dec 31, 2022 | 1.00 Mn |
| Sep 30, 2022 | 8.00 Mn |
| Jun 30, 2022 | 7.00 Mn |
| Mar 31, 2022 | 4.00 Mn |
| Dec 31, 2021 | 154.00 Mn |
| Sep 30, 2021 | 114.00 Mn |
| Jun 30, 2021 | 176.00 Mn |
| Mar 31, 2021 | 1.00 Mn |
| Dec 31, 2020 | 2.00 Mn |
| Sep 30, 2020 | 7.00 Mn |
| Jun 30, 2020 | 5.00 Mn |
API Access
Southwest Airlines Income Taxes Paid API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=income-taxes-paid&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "income-taxes-paid", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=income-taxes-paid&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();