Southwest Airlines (LUV) Treasury Shares (2009 - 2025)
Southwest Airlines (LUV) recorded Treasury Shares of $14.79 billion in Q2 2026, up 11.2% from $13.3 billion a year earlier and unchanged from the prior quarter.
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Analysis
Southwest Airlines (LUV) Treasury Shares (2009 - 2025) Analysis & Trends
At the end of FY2025, Southwest Airlines reported Treasury Shares of $13.59 billion, up 23.1% from FY2024.
- Annual Treasury Shares has a five-year compound annual growth rate of 4.6% (FY2020 to FY2025).
- Across earlier years, Treasury Shares came in at $11.04 billion in FY2024 (+2.0%), $10.82 billion in FY2023 (-0.2%), $10.84 billion in FY2022 (-0.2%) and $10.86 billion in FY2021 (-0.1%).
- Quarterly Treasury Shares has ranged from $10.8 billion in Q3 2024 to $14.8 billion in Q1 2026 over the past five years.
- On a year-over-year basis, Treasury Shares has increased for seven consecutive quarters, with growth averaging 14.9% over the last eight quarters.
- Peak year-over-year performance for Treasury Shares in the last five years was growth of 25.5% in Q1 2026, against a decline of 0.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $14.8 billion (Q1 2026), $13.59 billion (Q4 2025) and $13.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Treasury Shares (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.83 Bn | 157.35 Bn | - | 519.40 Mn |
| 2 | Csx | 86.94 Bn | 83.15 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 76.07 Bn | 75.78 Bn | - | - |
| 4 | United Parcel Service | 70.39 Bn | 47.31 Bn | - | 100,000.00 |
| 5 | Norfolk Southern | 70.35 Bn | 64.99 Bn | - | - |
| 6 | Fedex | 68.01 Bn | 33.95 Bn | - | 78.00 Mn |
| 7 | Delta Air Lines | 55.83 Bn | 38.01 Bn | - | 8.76 Mn |
| 8 | Old Dominion Freight Line | 36.82 Bn | 36.08 Bn | - | - |
| 9 | Ryanair Holdings | 28.96 Bn | 12.97 Bn | 3.13 Bn | - |
| 10 | Southwest Airlines | 20.58 Bn | 7.21 Bn | - | 14.79 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 372.53 Mn |
| Dec 31, 2024 | 294.80 Mn |
| Dec 31, 2023 | 291.60 Mn |
| Dec 31, 2022 | 294.11 Mn |
| Dec 31, 2021 | 295.99 Mn |
| Dec 31, 2020 | 297.64 Mn |
| Dec 31, 2019 | 288.55 Mn |
| Dec 31, 2018 | 255.01 Mn |
| Dec 31, 2017 | 219.06 Mn |
| Dec 31, 2016 | 192.45 Mn |
| Dec 31, 2015 | 132.07 Mn |
| Dec 31, 2014 | 132.07 Mn |
| Dec 31, 2013 | 107.14 Mn |
| Dec 31, 2012 | 77.29 Mn |
| Dec 31, 2011 | 35.05 Mn |
| Dec 31, 2010 | 60.18 Mn |
| Dec 31, 2009 | 64.82 Mn |
API Access
Southwest Airlines Treasury Shares 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=treasury-shares&ticker=LUV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "treasury-shares", "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=treasury-shares&ticker=LUV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();