Southwest Airlines (LUV) Tax Provisions (2009 - 2026)
Southwest Airlines' (LUV) quarterly Tax Provisions came in at $73.0 million in Q2 2026, up 8.96% YoY from $67.0 million in Q2 2025, and up 25.86% on a QoQ basis from $58.0 million in Q1 2026.
Southwest Airlines (LUV) Tax Provisions (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Tax Provisions data on file, last reported at $73.0 million in Q2 2026.
- Quarterly Tax Provisions rose 8.96% year-over-year to $73.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $230.0 million (up 101.75% YoY) and the FY2025 annual result came in at $122.0 million, down 8.27% from the prior year.
- Tax Provisions improved to $73.0 million in Q2 2026, from $58.0 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $276.0 million in Q2 2022 to a low of -$98.0 million in Q1 2022.
- A 5-year average of $41.3 million and a median of $51.0 million in 2023 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2022 — Tax Provisions tumbled 822.22% — and 2024, when it jumped 300.0%.
- Tracing LUV's Tax Provisions over 5 years: 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 retreated by 14.12% to $73.0 million in 2026.
- The last three Tax Provisions figures came in at $73.0 million (Q2 2026), $58.0 million (Q1 2026), and $85.0 million (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.01 Bn | 48.34 Bn | 19.07 Bn | 405.00 Mn |
| 2 | Ryanair Holdings | 28.78 Bn | 25.56 Bn | - | -64.16 Mn |
| 3 | Southwest Airlines | 19.50 Bn | 15.71 Bn | 7.33 Bn | 73.00 Mn |
| 4 | Copa Holdings | 5.30 Bn | 4.04 Bn | 1.03 Bn | -9.11 Mn |
| 5 | Alaska Air | 4.46 Bn | 1.80 Bn | 3.76 Bn | -138.00 Mn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 38.15 Mn |
| 7 | Jetblue Airways | 1.79 Bn | -232.60 Mn | 2.32 Bn | -24.00 Mn |
| 8 | Allegiant Travel | 1.75 Bn | 695.62 Mn | 902.77 Mn | -400,000.00 |
| 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 | 12.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 73.00 Mn |
| Mar 31, 2026 | 58.00 Mn |
| Dec 31, 2025 | 85.00 Mn |
| Sep 30, 2025 | 14.00 Mn |
| Jun 30, 2025 | 67.00 Mn |
| Mar 31, 2025 | -43.00 Mn |
| Dec 31, 2024 | 68.00 Mn |
| Sep 30, 2024 | 22.00 Mn |
| Jun 30, 2024 | 111.00 Mn |
| Mar 31, 2024 | -67.00 Mn |
| Dec 31, 2023 | -34.00 Mn |
| Sep 30, 2023 | 44.00 Mn |
| Jun 30, 2023 | 203.00 Mn |
| Mar 31, 2023 | -46.00 Mn |
| Dec 31, 2022 | -65.00 Mn |
| Sep 30, 2022 | 76.00 Mn |
| Jun 30, 2022 | 276.00 Mn |
| Mar 31, 2022 | -98.00 Mn |
| Dec 31, 2021 | 9.00 Mn |
| Sep 30, 2021 | 154.00 Mn |