Southwest Airlines (LUV) Tax Provisions (2009 - 2026)
Southwest Airlines posted quarterly Tax Provisions of $58.0 million for Q1 2026, up 234.88% year-on-year from $17.3 million in Q1 2025, and down 31.76% on a QoQ basis from $85.0 million in Q4 2025.
Southwest Airlines (LUV) has 18 years of Tax Provisions data on file, last reported 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.
- Across five years, Tax Provisions topped out at $276.0 million in Q2 2022 and bottomed at -$98.0 million in Q1 2022.
- The 5-year median for Tax Provisions is $44.0 million (2023), against an average of $39.5 million.
- The widest annual swing landed in 2022, when Tax Provisions sank 822.22%; it then jumped 300.0% in 2024.
- A 5-year view of Tax Provisions shows it stood at -$65.0 million in 2022, then jumped by 47.69% to -$34.0 million in 2023, then surged by 300.0% to $68.0 million in 2024, then grew by 25.0% to $85.0 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 75.00 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 58.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 18.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -124.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 6.08 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | - |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -17.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 23.55 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -9.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 154.00 Mn |
| Mar 31, 2021 | 30.00 Mn |
| Dec 31, 2020 | -423.00 Mn |
| Sep 30, 2020 | -385.00 Mn |
| Jun 30, 2020 | -324.00 Mn |
| Mar 31, 2020 | -50.00 Mn |
| Dec 31, 2019 | 153.00 Mn |
| Sep 30, 2019 | 160.00 Mn |
| Jun 30, 2019 | 227.00 Mn |
| Mar 31, 2019 | 117.00 Mn |
| Dec 31, 2018 | 163.00 Mn |
| Sep 30, 2018 | 171.00 Mn |
| Jun 30, 2018 | 227.00 Mn |
| Mar 31, 2018 | 139.00 Mn |
| Dec 31, 2017 | -1.01 Bn |
| Sep 30, 2017 | 304.00 Mn |
| Jun 30, 2017 | 422.00 Mn |
| Mar 31, 2017 | 193.00 Mn |
| Dec 31, 2016 | 251.00 Mn |
| Sep 30, 2016 | 230.00 Mn |
| Jun 30, 2016 | 484.00 Mn |
| Mar 31, 2016 | 303.00 Mn |
| Dec 31, 2015 | 311.00 Mn |
| Sep 30, 2015 | 349.00 Mn |
| Jun 30, 2015 | 369.00 Mn |
| Mar 31, 2015 | 270.00 Mn |
| Dec 31, 2014 | 111.00 Mn |
| Sep 30, 2014 | 196.00 Mn |
| Jun 30, 2014 | 281.00 Mn |
| Mar 31, 2014 | 92.00 Mn |
| Dec 31, 2013 | 121.00 Mn |
| Sep 30, 2013 | 160.00 Mn |
| Jun 30, 2013 | 139.00 Mn |
| Mar 31, 2013 | 35.00 Mn |
| Dec 31, 2012 | 47.00 Mn |
| Sep 30, 2012 | 17.00 Mn |
| Jun 30, 2012 | 140.00 Mn |
| Mar 31, 2012 | 61.00 Mn |
| Dec 31, 2011 | 103.00 Mn |
| Sep 30, 2011 | -86.00 Mn |
| Jun 30, 2011 | 114.00 Mn |
| Mar 31, 2011 | 13.00 Mn |
| Dec 31, 2010 | 82.00 Mn |
| Sep 30, 2010 | 127.00 Mn |
| Jun 30, 2010 | 72.00 |
| Mar 31, 2010 | 6.00 Mn |
| Dec 31, 2009 | 69.00 Mn |
| Sep 30, 2009 | -4.00 Mn |
| Jun 30, 2009 | 16.00 Mn |
| Mar 31, 2009 | -16.00 Mn |