Southwest Airlines (LUV) Prepaid Assets (2009 - 2026)
Southwest Airlines (LUV) reported Prepaid Assets of $572 million for Q3 2026, up 22.5% from $467 million a year earlier and up 2.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Prepaid Assets (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines posted Prepaid Assets of $490 million, down 23.3% from FY2024.
- Prepaid Assets has a five-year compound annual growth rate of 10.7% (FY2020 to FY2025).
- By year, Prepaid Assets came in at $639 million in FY2024 (+22.9%), $520 million in FY2023 (-24.2%), $686 million in FY2022 (+7.5%) and $638 million in FY2021 (+116.3%).
- The Q3 2026 figure ranks as the highest quarterly Prepaid Assets since Q1 2025.
- Year over year, Prepaid Assets gained in four of the last eight quarters, with an average decline of 1.7%.
- The high point for year-over-year Prepaid Assets in five years was Q4 2021 (growth of 116.3%); the low point was Q2 2023 (a decline of 35.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $556 million (Q2 2026), $554 million (Q1 2026) and $490 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 172.47 Bn | 164.72 Bn | - |
| 2 | United Parcel Service | 92.24 Bn | 69.07 Bn | - |
| 3 | Csx | 90.81 Bn | 86.03 Bn | - |
| 4 | Canadian Pacific Kansas City | 81.61 Bn | 80.64 Bn | - |
| 5 | Fedex | 72.98 Bn | 39.17 Bn | - |
| 6 | Norfolk Southern | 71.87 Bn | 66.34 Bn | - |
| 7 | Delta Air Lines | 57.23 Bn | 39.41 Bn | - |
| 8 | United Airlines Holdings | 36.65 Bn | -21.05 Bn | - |
| 9 | Old Dominion Freight Line | 34.12 Bn | 32.96 Bn | - |
| 10 | Southwest Airlines | 21.75 Bn | 7.77 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 572.00 Mn |
| Jun 30, 2026 | 556.00 Mn |
| Mar 31, 2026 | 554.00 Mn |
| Dec 31, 2025 | 490.00 Mn |
| Sep 30, 2025 | 467.00 Mn |
| Jun 30, 2025 | 467.00 Mn |
| Mar 31, 2025 | 618.00 Mn |
| Dec 31, 2024 | 639.00 Mn |
| Sep 30, 2024 | 601.00 Mn |
| Jun 30, 2024 | 619.00 Mn |
| Mar 31, 2024 | 603.00 Mn |
| Dec 31, 2023 | 520.00 Mn |
| Sep 30, 2023 | 632.00 Mn |
| Jun 30, 2023 | 535.00 Mn |
| Mar 31, 2023 | 614.00 Mn |
| Dec 31, 2022 | 686.00 Mn |
| Sep 30, 2022 | 653.00 Mn |
| Jun 30, 2022 | 825.00 Mn |
| Mar 31, 2022 | 767.00 Mn |
| Dec 31, 2021 | 638.00 Mn |
API Access
Southwest Airlines Prepaid Assets 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=prepaid-assets&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "prepaid-assets", "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=prepaid-assets&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();