Southwest Airlines (LUV) Share-based Compensation (2009 - 2026)
Southwest Airlines' (LUV) quarterly Share-based Compensation came in at $11.0 million in Q2 2026, down 45.0% YoY 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 12 years of Share-based Compensation data on file, last reported at $11.0 million 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 improved to $11.0 million in Q2 2026, from $5.0 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $335.0 million in Q4 2024 to a low of $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 surged 8275.0% — and 2025, when it sank 97.01%.
- Tracing LUV's Share-based Compensation over 5 years: stood at $16.0 million in 2022, then slumped by 75.0% to $4.0 million in 2023, then surged by 8275.0% to $335.0 million in 2024, then slumped by 97.01% to $10.0 million in 2025, then climbed by 10.0% to $11.0 million in 2026.
- The last three Share-based Compensation figures came in at $11.0 million (Q2 2026), $5.0 million (Q1 2026), and $10.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | - |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | 2.67 Mn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 11.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | - |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | 96.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | - |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | 19.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | - |
| 9 | Frontier Group Holdings | 1.33 Bn | 373.12 Mn | - | 4.00 Mn |
| 10 | Republic Airways Holdings | 843.32 Mn | 565.72 Mn | 487.40 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 |