Southwest Airlines (LUV) Treasury Shares (2009 - 2026)
Southwest Airlines posted quarterly Treasury Shares of $14.8 billion for Q1 2026, up 25.52% year-on-year from $11.8 billion in Q1 2025, and up 8.86% on a QoQ basis from $13.6 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Treasury Shares data on file, last reported at $14.8 billion in Q1 2026.
- For the quarter ending Q1 2026, Treasury Shares rose 25.52% year-over-year to $14.8 billion; the trailing twelve-month figure through Mar 2026 stood at $14.8 billion (up 25.52% YoY), and the FY2025 full-year result was $13.6 billion, up 23.08% from the prior year.
- Treasury Shares for Q1 2026 stood at $14.8 billion, up from $13.6 billion in the prior quarter.
- Across five years, Treasury Shares topped out at $372.5 million in Q4 2025 and bottomed at -$28.0 million in Q1 2026.
- The 5-year median for Treasury Shares is $5.2 million (2023), against an average of $108.8 million.
- The widest annual swing landed in 2024, when Treasury Shares fell 0.27%; it then gained 25.52% in 2026.
- A 5-year view of Treasury Shares shows it stood at $10.8 billion in 2022, then slipped by 0.18% to $10.8 billion in 2023, then advanced by 2.04% to $11.0 billion in 2024, then grew by 23.08% to $13.6 billion in 2025, then grew by 8.86% to $14.8 billion in 2026.
- The last three Treasury Shares figures came in at $14.8 billion (Q1 2026), $13.6 billion (Q4 2025), and $13.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Treasury Shares (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 8.73 Mn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | -28.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -13.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 4.70 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 1.20 Bn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | 300.14 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 2.02 Bn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 1,000.00 |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.80 Bn |
| Mar 31, 2026 | 14.80 Bn |
| Mar 31, 2026 | -28.00 Mn |
| Mar 31, 2026 | -28.00 Mn |
| Dec 31, 2025 | 13.59 Bn |
| Dec 31, 2025 | 372.53 Mn |
| Dec 31, 2025 | 13.59 Bn |
| Dec 31, 2025 | 372.53 Mn |
| Sep 30, 2025 | 6.37 Mn |
| Sep 30, 2025 | 6.37 Mn |
| Sep 30, 2025 | 13.55 Bn |
| Sep 30, 2025 | 13.55 Bn |
| Jun 30, 2025 | 13.30 Bn |
| Jun 30, 2025 | 13.30 Bn |
| Mar 31, 2025 | 11.79 Bn |
| Mar 31, 2025 | 11.79 Bn |
| Dec 31, 2024 | 294.80 Mn |
| Dec 31, 2024 | 11.04 Bn |
| Dec 31, 2024 | 11.04 Bn |
| Dec 31, 2024 | 294.80 Mn |
| Sep 30, 2024 | 10.80 Bn |
| Sep 30, 2024 | 10.80 Bn |
| Jun 30, 2024 | 10.80 Bn |
| Jun 30, 2024 | 10.80 Bn |
| Mar 31, 2024 | 10.81 Bn |
| Mar 31, 2024 | 10.81 Bn |
| Dec 31, 2023 | 10.82 Bn |
| Dec 31, 2023 | 10.82 Bn |
| Dec 31, 2023 | 3.96 Mn |
| Dec 31, 2023 | 3.96 Mn |
| Sep 30, 2023 | 10.83 Bn |
| Sep 30, 2023 | 10.83 Bn |
| Jun 30, 2023 | 10.83 Bn |
| Jun 30, 2023 | 10.83 Bn |
| Mar 31, 2023 | 10.84 Bn |
| Mar 31, 2023 | 10.84 Bn |
| Dec 31, 2022 | 2.94 Mn |
| Dec 31, 2022 | 10.84 Bn |
| Dec 31, 2022 | 10.84 Bn |
| Dec 31, 2022 | 2.94 Mn |
| Sep 30, 2022 | 10.85 Bn |
| Sep 30, 2022 | 10.85 Bn |
| Jun 30, 2022 | 10.85 Bn |
| Jun 30, 2022 | 10.85 Bn |
| Mar 31, 2022 | 10.85 Bn |
| Mar 31, 2022 | 10.85 Bn |
| Dec 31, 2021 | 2.56 Mn |
| Dec 31, 2021 | 2.56 Mn |
| Dec 31, 2021 | 10.86 Bn |
| Dec 31, 2021 | 10.86 Bn |
| Sep 30, 2021 | 10.86 Bn |
| Sep 30, 2021 | 10.86 Bn |
| Jun 30, 2021 | 10.87 Bn |
| Jun 30, 2021 | 10.87 Bn |
| Mar 31, 2021 | 10.87 Bn |
| Mar 31, 2021 | 10.87 Bn |
| Dec 31, 2020 | 10.88 Bn |
| Dec 31, 2020 | 1.96 Mn |
| Dec 31, 2020 | 10.88 Bn |
| Dec 31, 2020 | 1.96 Mn |
| Sep 30, 2020 | 10.88 Bn |
| Sep 30, 2020 | 10.88 Bn |
| Jun 30, 2020 | 10.88 Bn |
| Jun 30, 2020 | 10.88 Bn |
| Mar 31, 2020 | 10.89 Bn |
| Mar 31, 2020 | 10.89 Bn |
| Dec 31, 2019 | 10.44 Bn |
| Dec 31, 2019 | 10.44 Bn |
| Dec 31, 2019 | 1.55 Mn |
| Dec 31, 2019 | 1.55 Mn |
| Sep 30, 2019 | 9.89 Bn |
| Sep 30, 2019 | 9.89 Bn |
| Jun 30, 2019 | 9.39 Bn |
| Jun 30, 2019 | 9.39 Bn |
| Mar 31, 2019 | 8.95 Bn |
| Mar 31, 2019 | 8.95 Bn |
| Dec 31, 2018 | 8.45 Bn |
| Dec 31, 2018 | 1.34 Mn |
| Dec 31, 2018 | 1.34 Mn |
| Dec 31, 2018 | 8.45 Bn |
| Sep 30, 2018 | 7.95 Bn |
| Sep 30, 2018 | 7.95 Bn |
| Jun 30, 2018 | 7.46 Bn |
| Jun 30, 2018 | 7.46 Bn |
| Mar 31, 2018 | 6.96 Bn |
| Mar 31, 2018 | 6.96 Bn |
| Dec 31, 2017 | 1.29 Mn |
| Dec 31, 2017 | 6.46 Bn |
| Dec 31, 2017 | 6.46 Bn |
| Dec 31, 2017 | 1.29 Mn |
| Sep 30, 2017 | 6.11 Bn |
| Sep 30, 2017 | 6.11 Bn |
| Jun 30, 2017 | 5.82 Bn |
| Jun 30, 2017 | 5.82 Bn |
| Mar 31, 2017 | 5.42 Bn |
| Mar 31, 2017 | 5.42 Bn |
| Dec 31, 2016 | 1.44 Mn |
| Dec 31, 2016 | 4.87 Bn |
| Dec 31, 2016 | 1.44 Mn |
| Dec 31, 2016 | 4.87 Bn |
| Sep 30, 2016 | 4.62 Bn |
| Sep 30, 2016 | 4.62 Bn |
| Jun 30, 2016 | 4.37 Bn |
| Jun 30, 2016 | 4.37 Bn |
| Mar 31, 2016 | 3.68 Bn |
| Mar 31, 2016 | 3.68 Bn |
| Dec 31, 2015 | 1.49 Mn |
| Dec 31, 2015 | 1.49 Mn |
| Dec 31, 2015 | 3.18 Bn |
| Dec 31, 2015 | 3.18 Bn |
| Sep 30, 2015 | 3.19 Bn |
| Sep 30, 2015 | 3.19 Bn |
| Jun 30, 2015 | 2.69 Bn |
| Jun 30, 2015 | 2.69 Bn |
| Mar 31, 2015 | 2.32 Bn |
| Mar 31, 2015 | 2.32 Bn |
| Dec 31, 2014 | 2.03 Bn |
| Dec 31, 2014 | 2.08 Mn |
| Dec 31, 2014 | 2.08 Mn |
| Dec 31, 2014 | 2.03 Bn |
| Sep 30, 2014 | 1.83 Bn |
| Sep 30, 2014 | 1.83 Bn |
| Jun 30, 2014 | 1.65 Bn |
| Jun 30, 2014 | 1.65 Bn |
| Mar 31, 2014 | 1.42 Bn |
| Mar 31, 2014 | 1.42 Bn |
| Dec 31, 2013 | 1.13 Bn |
| Dec 31, 2013 | 1.13 Bn |
| Dec 31, 2013 | 2.58 Mn |
| Dec 31, 2013 | 2.58 Mn |
| Sep 30, 2013 | 1.13 Bn |
| Sep 30, 2013 | 1.13 Bn |
| Jun 30, 2013 | 995.00 Mn |
| Jun 30, 2013 | 995.00 Mn |
| Mar 31, 2013 | 768.00 Mn |
| Mar 31, 2013 | 768.00 Mn |
| Dec 31, 2012 | 675.00 Mn |
| Dec 31, 2012 | 675.00 Mn |
| Dec 31, 2012 | 2.88 Mn |
| Dec 31, 2012 | 2.88 Mn |
| Sep 30, 2012 | 609.00 Mn |
| Sep 30, 2012 | 609.00 Mn |
| Jun 30, 2012 | 564.00 Mn |
| Jun 30, 2012 | 564.00 Mn |
| Mar 31, 2012 | 365.00 Mn |
| Mar 31, 2012 | 365.00 Mn |
| Dec 31, 2011 | 1.64 Mn |
| Dec 31, 2011 | 324.00 Mn |
| Dec 31, 2011 | 324.00 Mn |
| Dec 31, 2011 | 1.64 Mn |
| Sep 30, 2011 | 283.00 Mn |
| Sep 30, 2011 | 283.00 Mn |
| Jun 30, 2011 | 116.00 |
| Jun 30, 2011 | 116.00 |
| Mar 31, 2011 | -885.00 Mn |
| Mar 31, 2011 | -885.00 Mn |
| Dec 31, 2010 | 891.00 Mn |
| Dec 31, 2010 | 891.00 Mn |
| Dec 31, 2010 | 990,000.00 |
| Dec 31, 2010 | 990,000.00 |
| Sep 30, 2010 | 903.00 Mn |
| Sep 30, 2010 | 903.00 Mn |
| Jun 30, 2010 | 915.00 Mn |
| Jun 30, 2010 | 915.00 Mn |
| Mar 31, 2010 | 945.00 Mn |
| Mar 31, 2010 | 945.00 Mn |
| Dec 31, 2009 | -963.00 Mn |
| Dec 31, 2009 | -963.00 Mn |
| Sep 30, 2009 | -978.00 Mn |
| Sep 30, 2009 | -978.00 Mn |
| Jun 30, 2009 | -986.00 Mn |
| Jun 30, 2009 | -986.00 Mn |
| Mar 31, 2009 | -996.00 Mn |
| Mar 31, 2009 | -996.00 Mn |