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 | 30,537.63 Bn | 30,534.97 Bn | 1.28 Mn | - |
| 2 | Ryanair Holdings | 61.46 Bn | 58.27 Bn | - | 2.62 Mn |
| 3 | Delta Air Lines | 56.39 Bn | 51.72 Bn | 19.07 Bn | - |
| 4 | Southwest Airlines | 22.21 Bn | 18.42 Bn | 7.33 Bn | 11.00 Mn |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.87 Bn | 8.05 Bn | - | - |
| 6 | Copa Holdings | 5.66 Bn | 4.32 Bn | 713.71 Mn | - |
| 7 | Alaska Air | 5.40 Bn | 3.64 Bn | 3.20 Bn | 78.00 Mn |
| 8 | Skywest | 4.27 Bn | 3.67 Bn | 1.01 Bn | - |
| 9 | Jetblue Airways | 2.02 Bn | 1.61 Bn | 1.87 Bn | 13.00 Mn |
| 10 | Allegiant Travel | 1.82 Bn | 915.26 Mn | 651.87 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |