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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |