Southwest Airlines (LUV) Tax Rate (2009 - 2026)
Southwest Airlines (LUV) posted quarterly Tax Rate of 23.86% for Q2 2026, down 7.0% year-on-year from 25.65% in Q2 2025, and up 17.22% on a QoQ basis from 20.35% in Q1 2026.
Southwest Airlines (LUV) Tax Rate (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has reported Tax Rate for 18 consecutive years, with 23.86% the latest figure, recorded in Q2 2026.
- Quarterly Tax Rate fell 7.0% year-over-year to 23.86% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 21.56% (down 97.0% YoY) and the FY2025 annual result came in at 21.67%, down 57.0% from the prior year.
- Tax Rate grew to 23.86% in Q2 2026 per LUV's latest filing, from 20.35% in the prior quarter.
- Over the last five years, Tax Rate for LUV reached as high as 26.64% in Q2 2022 and fell as low as 11.89% in Q4 2023.
- A 5-year average of 21.99% and a median of 22.46% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate surged 1112 bps — and 2023, when it sank 1092 bps.
- Year by year, Tax Rate stood at 22.81% in 2022, then tumbled by 48 bps to 11.89% in 2023, then jumped by 74 bps to 20.67% in 2024, then rose by 1 bps to 20.83% in 2025, then gained by 15 bps to 23.86% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 23.86%, 20.35%, and 20.83% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 29,341.35 Bn | 29,338.67 Bn | 1.28 Mn | -8,376.02% |
| 2 | Ryanair Holdings | 183.33 Bn | 180.79 Bn | - | -9.31% |
| 3 | Delta Air Lines | 53.61 Bn | 48.95 Bn | 19.07 Bn | 20.16% |
| 4 | Southwest Airlines | 21.85 Bn | 18.53 Bn | 7.33 Bn | 23.86% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.69 Bn | 7.93 Bn | - | - |
| 6 | Copa Holdings | 5.59 Bn | 4.26 Bn | 713.71 Mn | -10.07% |
| 7 | Alaska Air | 5.12 Bn | 3.35 Bn | 3.20 Bn | 39.12% |
| 8 | Skywest | 3.85 Bn | 3.22 Bn | 1.01 Bn | 27.48% |
| 9 | Jetblue Airways | 1.85 Bn | 1.44 Bn | 1.87 Bn | 5.06% |
| 10 | Allegiant Travel | 1.72 Bn | 818.03 Mn | 651.87 Mn | 35.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.86% |
| Jun 30, 2026 | 23.86% |
| Jun 30, 2026 | 23.86% |
| Mar 31, 2026 | 20.35% |
| Mar 31, 2026 | 20.35% |
| Mar 31, 2026 | 20.35% |
| Dec 31, 2025 | 20.83% |
| Dec 31, 2025 | 20.83% |
| Dec 31, 2025 | 20.83% |
| Sep 30, 2025 | 20.59% |
| Sep 30, 2025 | 20.59% |
| Sep 30, 2025 | 20.59% |
| Jun 30, 2025 | 23.93% |
| Jun 30, 2025 | 23.93% |
| Jun 30, 2025 | 23.93% |
| Mar 31, 2025 | 22.40% |
| Mar 31, 2025 | 22.40% |
| Mar 31, 2025 | 22.40% |
| Dec 31, 2024 | 20.67% |
| Dec 31, 2024 | 20.67% |