Southwest Airlines LUV
NYSE LUV
$38.68 +0.00 (+0.00%)
As of: Sep 10, 2026 · 3:59 PM EDT

Southwest Airlines (LUV) Share-based Compensation (2009 - 2026)

Southwest Airlines' (LUV) quarterly Share-based Compensation came in at $54.0 million in Q2 2026, up 125.47% on a YoY basis from $23.9 million in Q2 2025, and down 11.48% quarter-over-quarter from $61.0 million in Q1 2026.

Analysis

Southwest Airlines (LUV) Share-based Compensation (2009 - 2026) Analysis & Trends

Southwest Airlines (LUV) has reported Share-based Compensation for 18 consecutive years, with $54.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Share-based Compensation rose 125.47% year-over-year to $54.0 million; the trailing twelve-month figure through Jun 2026 stood at $71.0 million (up 7000.0% YoY), and the FY2025 full-year result was -$407.0 million, down 207.96% from the prior year.
  • Share-based Compensation slipped to $54.0 million in Q2 2026 per LUV's latest filing, from $61.0 million in the prior quarter.
  • Across five years, Share-based Compensation topped out at $335.0 million in Q4 2024 and bottomed at -$212.0 million in Q2 2025.
  • Historically, Share-based Compensation has averaged $1.6 million across 5 years, with a median of $4.0 million in 2023.
  • The sharpest annual moves came in 2023 and 2024: Share-based Compensation plunged 2033.33% in 2023, then soared 8275.0% in 2024.
  • Over 5 years, Share-based Compensation stood at $24.0 million in 2022, then slumped by 83.33% to $4.0 million in 2023, then jumped by 8275.0% to $335.0 million in 2024, then tumbled by 114.33% to -$48.0 million in 2025, then surged by 212.5% to $54.0 million in 2026.
  • According to Business Quant data, Share-based Compensation over the past three periods registered $54.0 million, $61.0 million, and -$48.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Delta Air Lines 51.14 Bn 46.47 Bn 19.07 Bn -
2 Ryanair Holdings 27.96 Bn 24.03 Bn - 2.67 Mn
3 Southwest Airlines 18.91 Bn 15.12 Bn 7.33 Bn 54.00 Mn
4 Copa Holdings 5.30 Bn 4.04 Bn 1.03 Bn -
5 Alaska Air 4.45 Bn 1.79 Bn 3.76 Bn 96.00 Mn
6 Skywest 3.77 Bn 3.17 Bn 1.01 Bn -
7 Grupo Aeromexico, S.A.B. de C.V 2.20 Bn 1.17 Bn - -
8 Allegiant Travel 1.74 Bn 681.68 Mn 902.77 Mn -
9 Jetblue Airways 1.65 Bn -373.56 Mn 2.32 Bn 19.00 Mn
10 Frontier Group Holdings 1.27 Bn 311.03 Mn - 4.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 54.00 Mn
Mar 31, 2026 61.00 Mn
Dec 31, 2025 -48.00 Mn
Sep 30, 2025 4.00 Mn
Jun 30, 2025 -212.00 Mn
Mar 31, 2025 -145.00 Mn
Dec 31, 2024 335.00 Mn
Sep 30, 2024 23.00 Mn
Jun 30, 2024 -32.00 Mn
Mar 31, 2024 16.00 Mn
Dec 31, 2023 4.00 Mn
Sep 30, 2023 35.00 Mn
Jun 30, 2023 -58.00 Mn
Mar 31, 2023 -50.00 Mn
Dec 31, 2022 24.00 Mn
Sep 30, 2022 -30.00 Mn
Jun 30, 2022 3.00 Mn
Mar 31, 2022 44.00 Mn
Dec 31, 2021 44.00 Mn
Sep 30, 2021 -59.00 Mn