Southwest Airlines (LUV) Liabilities and Shareholders Equity (2009 - 2026)
Southwest Airlines' Liabilities and Shareholders Equity came in at $30.12 billion for Q2 2026, up 4.9% from $28.71 billion a year earlier and up 2.6% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Liabilities and Shareholders Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines' Liabilities and Shareholders Equity was $29.06 billion, down 13.9% from FY2024.
- Liabilities and Shareholders Equity carries a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
- Going back by year, Liabilities and Shareholders Equity was $33.75 billion in FY2024 (-7.5%), $36.49 billion in FY2023 (+3.2%), $35.37 billion in FY2022 (-2.6%) and $36.32 billion in FY2021 (+5.0%).
- The Q2 2026 figure represents the highest quarterly Liabilities and Shareholders Equity since Q1 2025.
- Year-over-year, Liabilities and Shareholders Equity increased in 1 of the last eight quarters, with an average decline of 10.0%.
- The fastest year-over-year change in Liabilities and Shareholders Equity over five years came in Q4 2021 (growth of 5.0%), and the weakest in Q2 2025 (a decline of 19.3%).
- Business Quant data shows LUV's Liabilities and Shareholders Equity at $29.36 billion (Q1 2026), $29.06 billion (Q4 2025) and $28.31 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Liabilities and Shareholders Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.60 Bn | 165.13 Bn | - | 71.21 Bn |
| 2 | Csx | 89.23 Bn | 85.44 Bn | - | 44.73 Bn |
| 3 | United Parcel Service | 83.99 Bn | 60.89 Bn | - | 71.27 Bn |
| 4 | Canadian Pacific Kansas City | 77.29 Bn | 76.30 Bn | - | 62.83 Bn |
| 5 | Norfolk Southern | 73.15 Bn | 67.79 Bn | - | 45.12 Bn |
| 6 | Fedex | 71.00 Bn | 36.94 Bn | - | 98.94 Bn |
| 7 | Delta Air Lines | 50.11 Bn | 32.29 Bn | - | 86.05 Bn |
| 8 | Old Dominion Freight Line | 39.19 Bn | 38.45 Bn | - | 5.74 Bn |
| 9 | United Airlines Holdings | 31.94 Bn | -24.44 Bn | - | 84.57 Bn |
| 10 | Southwest Airlines | 19.35 Bn | 5.99 Bn | - | 30.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.12 Bn |
| Mar 31, 2026 | 29.36 Bn |
| Dec 31, 2025 | 29.06 Bn |
| Sep 30, 2025 | 28.31 Bn |
| Jun 30, 2025 | 28.71 Bn |
| Mar 31, 2025 | 33.21 Bn |
| Dec 31, 2024 | 33.75 Bn |
| Sep 30, 2024 | 34.85 Bn |
| Jun 30, 2024 | 35.56 Bn |
| Mar 31, 2024 | 36.02 Bn |
| Dec 31, 2023 | 36.49 Bn |
| Sep 30, 2023 | 36.98 Bn |
| Jun 30, 2023 | 36.52 Bn |
| Mar 31, 2023 | 35.55 Bn |
| Dec 31, 2022 | 35.37 Bn |
| Sep 30, 2022 | 35.95 Bn |
| Jun 30, 2022 | 38.30 Bn |
| Mar 31, 2022 | 37.26 Bn |
| Dec 31, 2021 | 36.32 Bn |
| Sep 30, 2021 | 37.11 Bn |
API Access
Southwest Airlines Liabilities and Shareholders Equity 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=liabilities-and-shareholders-equity&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "liabilities-and-shareholders-equity", "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=liabilities-and-shareholders-equity&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();