Southwest Airlines (LUV) Tax Provisions (2009 - 2026)

Southwest Airlines has reported Tax Provisions for 18 years, with the latest figure at $58.0 million in Q1 2026.

• For the quarter ending Q1 2026, Tax Provisions rose 234.88% year-over-year to $58.0 million; the trailing twelve-month figure through Mar 2026 stood at $224.0 million (up 41.77% YoY), and the FY2025 full-year result was $122.0 million, down 8.27% from the prior year.
• Tax Provisions for Q1 2026 stood at $58.0 million, down from $85.0 million in the prior quarter.
• The five-year high for Tax Provisions was $276.0 million in Q2 2022, with the low at -$98.0 million in Q1 2022.
• Historically, Tax Provisions has averaged $39.5 million across 5 years, with a median of $44.0 million in 2023.
• Annual changes were most pronounced in 2022 — Tax Provisions tumbled 822.22% — and 2024, when it jumped 300.0%.
• Southwest Airlines' Tax Provisions stood at -$65.0 million in 2022, then soared by 47.69% to -$34.0 million in 2023, then jumped by 300.0% to $68.0 million in 2024, then climbed by 25.0% to $85.0 million in 2025, then slumped by 31.76% to $58.0 million in 2026.
• The last three Tax Provisions figures came in at $58.0 million (Q1 2026), $85.0 million (Q4 2025), and $14.0 million (Q3 2025), per Business Quant data.