Southwest Airlines (LUV) Payables (2009 - 2026)
Southwest Airlines (LUV) recorded Payables of $2.07 billion in Q2 2026, up 14.4% from $1.81 billion a year earlier but down 2.0% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines reported Payables of $1.99 billion, up 9.5% from FY2024.
- Annual Payables has a five-year compound annual growth rate of 16.4% (FY2020 to FY2025).
- Across earlier years, Payables came in at $1.82 billion in FY2024 (-2.4%), $1.86 billion in FY2023 (-7.1%), $2 billion in FY2022 (+56.3%) and $1.28 billion in FY2021 (+37.7%).
- Quarterly Payables has ranged from $1.23 billion in Q3 2021 to $2.11 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Payables has increased for four consecutive quarters, with growth averaging 2.4% over the last eight quarters.
- Peak year-over-year performance for Payables in the last five years was growth of 56.3% in Q4 2022, against a decline of 12.6% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.11 billion (Q1 2026), $1.99 billion (Q4 2025) and $1.71 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 4.32 Bn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 1.11 Bn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 5.98 Bn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 2.05 Bn |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 1.78 Bn |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 5.07 Bn |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 7.70 Bn |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 80.99 Mn |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 5.77 Bn |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 2.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.07 Bn |
| Mar 31, 2026 | 2.11 Bn |
| Dec 31, 2025 | 1.99 Bn |
| Sep 30, 2025 | 1.71 Bn |
| Jun 30, 2025 | 1.81 Bn |
| Mar 31, 2025 | 1.93 Bn |
| Dec 31, 2024 | 1.82 Bn |
| Sep 30, 2024 | 1.52 Bn |
| Jun 30, 2024 | 2.03 Bn |
| Mar 31, 2024 | 1.95 Bn |
| Dec 31, 2023 | 1.86 Bn |
| Sep 30, 2023 | 1.74 Bn |
| Jun 30, 2023 | 1.88 Bn |
| Mar 31, 2023 | 1.73 Bn |
| Dec 31, 2022 | 2.00 Bn |
| Sep 30, 2022 | 1.55 Bn |
| Jun 30, 2022 | 1.91 Bn |
| Mar 31, 2022 | 1.65 Bn |
| Dec 31, 2021 | 1.28 Bn |
| Sep 30, 2021 | 1.23 Bn |
API Access
Southwest Airlines Payables 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=payables&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();