Southwest Airlines (LUV) Payout Ratio (2009 - 2026)

Southwest Airlines (LUV) has reported Payout Ratio for 16 consecutive years, with 0.38 the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Payout Ratio fell 21.9% year-over-year to 0.38; the trailing twelve-month figure through Jun 2026 stood at 0.44 (down 59.23% YoY), and the FY2025 full-year result was 0.9, down 2.16% from the prior year.
• Payout Ratio fell to 0.38 in Q2 2026 per LUV's latest filing, from 0.41 in the prior quarter.
• Across five years, Payout Ratio topped out at 3.5 in Q3 2025 and bottomed at 1.35 in Q1 2023.
• Historically, Payout Ratio has averaged 0.61 across 4 years, with a median of 0.39 in 2026.
• The sharpest annual moves came in 2024 and 2026: Payout Ratio jumped 190.75% in 2024, then retreated 21.9% in 2026.
• Over 4 years, Payout Ratio stood at 1.11 in 2023, then plunged by 100.35% to 0.0 in 2024, then surged by 91450.0% to 3.5 in 2025, then tumbled by 89.21% to 0.38 in 2026.
• According to Business Quant data, Payout Ratio over the past three periods registered 0.38, 0.41, and 3.5 for Q2 2026, Q1 2026, and Q3 2025 respectively.