Southwest Airlines (LUV) Tax Provisions (2009 - 2026)
Southwest Airlines (LUV) posted Tax Provisions of $73 million for Q2 2026, up 9.0% from $67 million a year earlier and up 25.9% from the prior quarter.
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Analysis
Southwest Airlines (LUV) Tax Provisions (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Tax Provisions at Southwest Airlines was $230 million, up 101.8% year-over-year; for FY2025, it came in at $122 million, down 8.3% from FY2024.
- Annual Tax Provisions has declined for four consecutive years.
- In prior years, Southwest Airlines' Tax Provisions was $133 million in FY2024 (-20.8%), $168 million in FY2023 (-11.1%), $189 million in FY2022 (-45.7%) and $348 million in FY2021.
- Quarterly Tax Provisions has run from a low of -$98 million in Q1 2022 to a high of $276 million in Q2 2022 over five years.
- On a year-over-year basis, Tax Provisions increased in two of the last five quarters, with an average decline of 18.4%.
- The strongest year-over-year quarter for Tax Provisions in the past five years was Q2 2022, with growth of 79.2%; the weakest was Q3 2022, with a decline of 50.6%.
- According to Business Quant data, Tax Provisions for the three prior quarters was $58 million (Q1 2026), $85 million (Q4 2025) and $14 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 562.00 Mn |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 318.00 Mn |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 157.00 Mn |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 242.18 Mn |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 225.00 Mn |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 510.00 Mn |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 318.00 Mn |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 116.87 Mn |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 221.00 Mn |
| 10 | Southwest Airlines | 19.41 Bn | 6.04 Bn | - | 73.00 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Southwest Airlines Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "LUV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();