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

Southwest Airlines (LUV) has 18 years of Invested Capital data on file, last reported at $2.2 billion 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 improved to $2.2 billion in Q2 2026, from $851.0 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $2.9 billion in Q2 2024 to a low of $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 slumped 99.25% — and 2026, when it surged 9700.0%.
• Tracing LUV's Invested Capital over 5 years: stood at $174.0 million in 2022, then slumped by 76.44% to $41.0 million in 2023, then surged by 3875.61% to $1.6 billion in 2024, then plunged by 80.12% to $324.0 million in 2025, then jumped by 565.43% to $2.2 billion in 2026.
• The last three Invested Capital figures came in at $2.2 billion (Q2 2026), $851.0 million (Q1 2026), and $324.0 million (Q4 2025), per Business Quant data.