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

Southwest Airlines (LUV) posted quarterly Share-based Compensation of $11.0 million for Q2 2026, down 45.0% year-on-year from $20.0 million in Q2 2025, and up 120.0% on a QoQ basis from $5.0 million in Q1 2026.

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

Southwest Airlines (LUV) has reported Share-based Compensation for 12 consecutive years, with $11.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Share-based Compensation fell 45.0% year-over-year to $11.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $30.0 million (down 92.35% YoY) and the FY2025 annual result came in at $48.0 million, down 87.27% from the prior year.
  • Share-based Compensation advanced to $11.0 million in Q2 2026 per LUV's latest filing, from $5.0 million in the prior quarter.
  • Over the last five years, Share-based Compensation for LUV reached as high as $335.0 million in Q4 2024 and fell as low as $3.0 million in Q2 2022.
  • A 5-year average of $32.4 million and a median of $14.0 million in 2022 frame the typical range for Share-based Compensation.
  • Annual changes were most pronounced in 2024 — Share-based Compensation soared 8275.0% — and 2025, when it plunged 97.01%.
  • Year by year, Share-based Compensation stood at $16.0 million in 2022, then tumbled by 75.0% to $4.0 million in 2023, then surged by 8275.0% to $335.0 million in 2024, then tumbled by 97.01% to $10.0 million in 2025, then rose by 10.0% to $11.0 million in 2026.
  • According to Business Quant data, Share-based Compensation over the past three periods registered $11.0 million, $5.0 million, and $10.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Share-based Compensation (Qtr)
1 Latam Airlines 30,773.36 Bn 30,770.69 Bn 1.28 Mn -
2 Ryanair Holdings 60.68 Bn 57.49 Bn - 2.62 Mn
3 Delta Air Lines 56.33 Bn 51.66 Bn 19.07 Bn -
4 Southwest Airlines 22.00 Bn 18.20 Bn 7.33 Bn 11.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.98 Bn 8.15 Bn - -
6 Copa Holdings 5.67 Bn 4.33 Bn 713.71 Mn -
7 Alaska Air 5.31 Bn 3.54 Bn 3.20 Bn 78.00 Mn
8 Skywest 4.29 Bn 3.69 Bn 1.01 Bn -
9 Jetblue Airways 2.02 Bn 1.61 Bn 1.87 Bn 13.00 Mn
10 Allegiant Travel 1.81 Bn 909.62 Mn 651.87 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2026 11.00 Mn
Jun 30, 2026 11.00 Mn
Mar 31, 2026 5.00 Mn
Mar 31, 2026 5.00 Mn
Dec 31, 2025 10.00 Mn
Dec 31, 2025 10.00 Mn
Sep 30, 2025 4.00 Mn
Sep 30, 2025 4.00 Mn
Jun 30, 2025 20.00 Mn
Jun 30, 2025 20.00 Mn
Mar 31, 2025 14.00 Mn
Mar 31, 2025 14.00 Mn
Dec 31, 2024 335.00 Mn
Dec 31, 2024 335.00 Mn
Sep 30, 2024 23.00 Mn
Sep 30, 2024 23.00 Mn
Jun 30, 2024 6.00 Mn
Jun 30, 2024 6.00 Mn
Mar 31, 2024 16.00 Mn
Mar 31, 2024 16.00 Mn