Southwest Airlines (LUV) Invested Capital (2009 - 2026)

Southwest Airlines (LUV) has reported Invested Capital for 18 consecutive years, with $2.2 billion the latest figure, recorded in Q2 2026.

• Quarterly Invested Capital rose 9700.0% year-over-year to $2.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.4 billion (down 53.35% YoY) and the FY2025 annual result came in at $324.0 million, down 80.12% from the prior year.
• Invested Capital advanced to $2.2 billion in Q2 2026 per LUV's latest filing, from $851.0 million in the prior quarter.
• Over the last five years, Invested Capital for LUV reached as high as $2.9 billion in Q2 2024 and fell as low as $22.0 million in Q2 2025.
• A 5-year average of $904.2 million and a median of $352.5 million in 2022 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2025 — Invested Capital sank 99.25% — and 2026, when it soared 9700.0%.
• Year by year, Invested Capital stood at $174.0 million in 2022, then tumbled by 76.44% to $41.0 million in 2023, then surged by 3875.61% to $1.6 billion in 2024, then sank by 80.12% to $324.0 million in 2025, then jumped by 565.43% to $2.2 billion in 2026.
• According to Business Quant data, Invested Capital over the past three periods registered $2.2 billion, $851.0 million, and $324.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.