Southwest Airlines (LUV) Total Liabilities (2009 - 2026)
Southwest Airlines' Total Liabilities came in at $23.04 billion for Q2 2026, up 11.2% from $20.71 billion a year earlier and up 2.5% from the prior quarter.
Powered by 
Analysis
Southwest Airlines (LUV) Total Liabilities (2009 - 2026) Analysis & Trends
At the end of FY2025, Southwest Airlines' Total Liabilities was $21.08 billion, down 9.9% from FY2024.
- Total Liabilities carries a five-year compound annual growth rate of -3.9% (FY2020 to FY2025).
- Going back by year, Total Liabilities was $23.4 billion in FY2024 (-9.9%), $25.97 billion in FY2023 (+5.2%), $24.68 billion in FY2022 (-4.7%) and $25.91 billion in FY2021 (+0.8%).
- The Q2 2026 figure represents the highest quarterly Total Liabilities since Q1 2025.
- Year-over-year, Total Liabilities increased in 1 of the last eight quarters, with an average decline of 7.6%.
- The fastest year-over-year change in Total Liabilities over five years came in Q2 2026 (growth of 11.2%), and the weakest in Q2 2025 (a decline of 17.5%).
- Business Quant data shows LUV's Total Liabilities at $22.48 billion (Q1 2026), $21.08 billion (Q4 2025) and $20.54 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.50 Bn | 165.03 Bn | - | 50.54 Bn |
| 2 | Csx | 88.86 Bn | 85.07 Bn | - | 30.64 Bn |
| 3 | United Parcel Service | 82.91 Bn | 59.81 Bn | - | 56.17 Bn |
| 4 | Canadian Pacific Kansas City | 76.79 Bn | 75.81 Bn | - | 29.33 Bn |
| 5 | Norfolk Southern | 72.78 Bn | 67.42 Bn | - | 28.87 Bn |
| 6 | Fedex | 69.54 Bn | 35.48 Bn | - | 67.29 Bn |
| 7 | Delta Air Lines | 48.82 Bn | 31.01 Bn | - | 63.54 Bn |
| 8 | Old Dominion Freight Line | 38.83 Bn | 38.10 Bn | - | 1.19 Bn |
| 9 | United Airlines Holdings | 31.02 Bn | -25.36 Bn | - | 67.87 Bn |
| 10 | Southwest Airlines | 18.96 Bn | 5.59 Bn | - | 23.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.04 Bn |
| Mar 31, 2026 | 22.48 Bn |
| Dec 31, 2025 | 21.08 Bn |
| Sep 30, 2025 | 20.54 Bn |
| Jun 30, 2025 | 20.71 Bn |
| Mar 31, 2025 | 23.85 Bn |
| Dec 31, 2024 | 23.40 Bn |
| Sep 30, 2024 | 24.44 Bn |
| Jun 30, 2024 | 25.10 Bn |
| Mar 31, 2024 | 25.82 Bn |
| Dec 31, 2023 | 25.97 Bn |
| Sep 30, 2023 | 25.93 Bn |
| Jun 30, 2023 | 25.73 Bn |
| Mar 31, 2023 | 25.24 Bn |
| Dec 31, 2022 | 24.68 Bn |
| Sep 30, 2022 | 25.02 Bn |
| Jun 30, 2022 | 27.18 Bn |
| Mar 31, 2022 | 26.85 Bn |
| Dec 31, 2021 | 25.91 Bn |
| Sep 30, 2021 | 26.86 Bn |
API Access
Southwest Airlines Total Liabilities 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=total-liabilities&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-liabilities", "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=total-liabilities&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();