Southwest Airlines (LUV) Payables (2009 - 2026)

Southwest Airlines has reported Payables for 18 years, with the latest figure at $2.1 billion in Q1 2026.

• For the quarter ending Q1 2026, Payables rose 9.82% year-over-year to $2.1 billion; the trailing twelve-month figure through Mar 2026 stood at $2.1 billion (up 9.82% YoY), and the FY2025 full-year result was $2.0 billion, up 9.52% from the prior year.
• Payables for Q1 2026 stood at $2.1 billion, up from $2.0 billion in the prior quarter.
• The five-year high for Payables was $2.1 billion in Q1 2026, with the low at $1.5 billion in Q3 2024.
• Historically, Payables has averaged $1.8 billion across 5 years, with a median of $1.9 billion in 2023.
• Annual changes were most pronounced in 2022 — Payables surged 56.32% — and 2024, when it slipped 12.56%.
• Southwest Airlines' Payables stood at $2.0 billion in 2022, then decreased by 7.09% to $1.9 billion in 2023, then declined by 2.36% to $1.8 billion in 2024, then gained by 9.52% to $2.0 billion in 2025, then rose by 6.18% to $2.1 billion in 2026.
• The last three Payables figures came in at $2.1 billion (Q1 2026), $2.0 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.