Southwest Airlines (LUV) Total Liabilities (2009 - 2026)

Southwest Airlines has reported Total Liabilities for 18 years, with the latest figure at $22.5 billion in Q1 2026.

• For the quarter ending Q1 2026, Total Liabilities fell 5.73% year-over-year to $22.5 billion; the trailing twelve-month figure through Mar 2026 stood at $22.5 billion (down 5.73% YoY), and the FY2025 full-year result was $21.1 billion, down 9.91% from the prior year.
• Total Liabilities for Q1 2026 stood at $22.5 billion, up from $21.1 billion in the prior quarter.
• The five-year high for Total Liabilities was $27.2 billion in Q2 2022, with the low at $20.5 billion in Q3 2025.
• Historically, Total Liabilities has averaged $24.4 billion across 5 years, with a median of $25.0 billion in 2022.
• Annual changes were most pronounced in 2023 — Total Liabilities gained 5.23% — and 2025, when it dropped 17.48%.
• Southwest Airlines' Total Liabilities stood at $24.7 billion in 2022, then gained by 5.23% to $26.0 billion in 2023, then slipped by 9.9% to $23.4 billion in 2024, then slipped by 9.91% to $21.1 billion in 2025, then climbed by 6.64% to $22.5 billion in 2026.
• The last three Total Liabilities figures came in at $22.5 billion (Q1 2026), $21.1 billion (Q4 2025), and $20.5 billion (Q3 2025), per Business Quant data.