Southwest Airlines (LUV) Payables (2009 - 2026)
Southwest Airlines' (LUV) quarterly Payables came in at $2.1 billion in Q2 2026, up 14.41% YoY from $1.8 billion in Q2 2025, and down 1.99% on a QoQ basis from $2.1 billion in Q1 2026.
Southwest Airlines (LUV) Payables (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Payables data on file, last reported at $2.1 billion in Q2 2026.
- Quarterly Payables rose 14.41% year-over-year to $2.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $2.1 billion (up 14.41% YoY) and the FY2025 annual result came in at $2.0 billion, up 9.52% from the prior year.
- Payables fell to $2.1 billion in Q2 2026, from $2.1 billion in the prior quarter.
- In the past five years, Payables ranged from a high of $2.1 billion in Q1 2026 to a low of $1.5 billion in Q3 2024.
- A 5-year average of $1.8 billion and a median of $1.9 billion in 2023 frame the typical range for Payables.
- Annual changes were most pronounced in 2022 — Payables surged 56.32% — and 2024, when it slipped 12.56%.
- Tracing LUV's Payables over 5 years: 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 4.07% to $2.1 billion in 2026.
- The last three Payables figures came in at $2.1 billion (Q2 2026), $2.1 billion (Q1 2026), and $2.0 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 7.84 Bn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | - |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 2.07 Bn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | 207.12 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 403.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 753.22 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 674.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | 139.85 Mn |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 95.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 Mn | 68.50 Mn |
Historic Data
Download 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 |