Southwest Airlines (LUV) Non-Current Deffered Revenue (2011 - 2026)
Southwest Airlines (LUV) reported Non-Current Deffered Revenue of $1.67 billion for Q2 2026, up 4.6% from $1.6 billion a year earlier and up 39.4% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Non-Current Deffered Revenue (2011 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines posted Non-Current Deffered Revenue of $1.22 billion, down 37.4% from FY2024.
- Non-Current Deffered Revenue has a five-year compound annual growth rate of -18.3% (FY2020 to FY2025).
- By year, Non-Current Deffered Revenue came in at $1.95 billion in FY2024 (+12.7%), $1.73 billion in FY2023 (-21.0%), $2.19 billion in FY2022 (+1.3%) and $2.16 billion in FY2021 (-35.4%).
- The Q2 2026 figure ranks as the highest quarterly Non-Current Deffered Revenue since Q1 2025.
- Year over year, Non-Current Deffered Revenue gained in four of the last eight quarters, with an average decline of 11.6%.
- The high point for year-over-year Non-Current Deffered Revenue in five years was Q4 2024 (growth of 12.7%); the low point was Q4 2025 (a decline of 37.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.2 billion (Q1 2026), $1.22 billion (Q4 2025) and $1.26 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Deffered Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | - |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | - |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | - |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | - |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | - |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 4.33 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | - |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | - |
| 10 | Southwest Airlines | 20.39 Bn | 7.02 Bn | - | 1.67 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.67 Bn |
| Mar 31, 2026 | 1.20 Bn |
| Dec 31, 2025 | 1.22 Bn |
| Sep 30, 2025 | 1.26 Bn |
| Jun 30, 2025 | 1.60 Bn |
| Mar 31, 2025 | 1.84 Bn |
| Dec 31, 2024 | 1.95 Bn |
| Sep 30, 2024 | 1.96 Bn |
| Jun 30, 2024 | 1.99 Bn |
| Mar 31, 2024 | 1.75 Bn |
| Dec 31, 2023 | 1.73 Bn |
| Sep 30, 2023 | 1.75 Bn |
| Jun 30, 2023 | 1.94 Bn |
| Mar 31, 2023 | 1.98 Bn |
| Dec 31, 2022 | 2.19 Bn |
| Sep 30, 2022 | 2.06 Bn |
| Jun 30, 2022 | 2.21 Bn |
| Mar 31, 2022 | 2.20 Bn |
| Dec 31, 2021 | 2.16 Bn |
| Sep 30, 2021 | 2.49 Bn |
API Access
Southwest Airlines Non-Current Deffered Revenue 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-deffered-revenue&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deffered-revenue", "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-deffered-revenue&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();