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Southwest Airlines (LUV) Tax Provisions (2016 - 2026)

Southwest Airlines has reported Tax Provisions over the past 18 years, most recently at $58.0 million for Q1 2026.

  • Quarterly Tax Provisions rose 234.88% to $58.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $224.0 million through Mar 2026, up 41.77% year-over-year, with the annual reading at $122.0 million for FY2025, 8.27% down from the prior year.
  • Tax Provisions was $58.0 million for Q1 2026 at Southwest Airlines, down from $85.0 million in the prior quarter.
  • Over five years, Tax Provisions peaked at $276.0 million in Q2 2022 and troughed at -$98.0 million in Q1 2022.
  • The 5-year median for Tax Provisions is $51.0 million (2023), against an average of $46.1 million.
  • Biggest five-year swings in Tax Provisions: plummeted 822.22% in 2022 and later surged 300.0% in 2024.
  • Tracing LUV's Tax Provisions over 5 years: stood at -$65.0 million in 2022, then skyrocketed 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 crashed by 31.76% to $58.0 million in 2026.
  • According to Business Quant data, Tax Provisions over the past three periods came in at $58.0 million, $85.0 million, and $14.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.