Southwest Airlines (LUV) Non-Current Deferred Tax Liability (2009 - 2026)
Southwest Airlines' Non-Current Deferred Tax Liability was $2.42 billion in Q2 2026, up 10.8% from $2.19 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
At the end of FY2025, Non-Current Deferred Tax Liability at Southwest Airlines came in at $2.29 billion, up 5.6% from FY2024.
- Non-Current Deferred Tax Liability has now increased for five consecutive years, with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- In earlier years, Non-Current Deferred Tax Liability was $2.17 billion in FY2024 (+6.0%), $2.04 billion in FY2023 (+3.0%), $1.99 billion in FY2022 (+12.1%) and $1.77 billion in FY2021 (+8.3%).
- The Q2 2026 figure marks the highest quarterly Non-Current Deferred Tax Liability since Q3 2019.
- Compared with a year earlier, Non-Current Deferred Tax Liability has increased for seven straight quarters, with growth averaging 6.0% over the last eight quarters.
- The best year-over-year quarter for Non-Current Deferred Tax Liability over five years was Q2 2022 (growth of 22.7%); the worst was Q3 2024 (a decline of 2.9%).
- Per Business Quant data, LUV's Non-Current Deferred Tax Liability in the three quarters before Q2 2026 was $2.35 billion (Q1 2026), $2.29 billion (Q4 2025) and $2.21 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 173.91 Bn | 168.43 Bn | - |
| 2 | Csx | 95.74 Bn | 91.94 Bn | - |
| 3 | United Parcel Service | 85.86 Bn | 62.75 Bn | - |
| 4 | Canadian Pacific Kansas City | 80.04 Bn | 79.06 Bn | - |
| 5 | Norfolk Southern | 74.39 Bn | 69.04 Bn | - |
| 6 | Fedex | 71.51 Bn | 37.46 Bn | - |
| 7 | Delta Air Lines | 51.80 Bn | 33.99 Bn | - |
| 8 | Old Dominion Freight Line | 39.79 Bn | 39.05 Bn | - |
| 9 | United Airlines Holdings | 33.37 Bn | -23.01 Bn | - |
| 10 | Southwest Airlines | 20.11 Bn | 6.75 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.42 Bn |
| Mar 31, 2026 | 2.35 Bn |
| Dec 31, 2025 | 2.29 Bn |
| Sep 30, 2025 | 2.21 Bn |
| Jun 30, 2025 | 2.19 Bn |
| Mar 31, 2025 | 2.12 Bn |
| Dec 31, 2024 | 2.17 Bn |
| Sep 30, 2024 | 2.09 Bn |
| Jun 30, 2024 | 2.09 Bn |
| Mar 31, 2024 | 1.98 Bn |
| Dec 31, 2023 | 2.04 Bn |
| Sep 30, 2023 | 2.16 Bn |
| Jun 30, 2023 | 2.06 Bn |
| Mar 31, 2023 | 1.89 Bn |
| Dec 31, 2022 | 1.99 Bn |
| Sep 30, 2022 | 2.00 Bn |
| Jun 30, 2022 | 2.07 Bn |
| Mar 31, 2022 | 1.83 Bn |
| Dec 31, 2021 | 1.77 Bn |
| Sep 30, 2021 | 1.80 Bn |
API Access
Southwest Airlines Non-Current Deferred Tax Liability 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=non-current-deferred-tax-liability&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deferred-tax-liability", "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=non-current-deferred-tax-liability&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();