Southwest Airlines (LUV) Treasury Shares (2009 - 2026)
Southwest Airlines' (LUV) quarterly Treasury Shares came in at $14.8 billion in Q2 2026, up 11.24% YoY from $13.3 billion in Q2 2025, and little changed on a QoQ basis from $14.8 billion in Q1 2026.
Southwest Airlines (LUV) Treasury Shares (2009 - 2026) Analysis & Trends
Southwest Airlines (LUV) has 18 years of Treasury Shares data on file, last reported at $14.8 billion in Q2 2026.
- Quarterly Treasury Shares rose 11.24% year-over-year to $14.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $14.8 billion (up 11.24% YoY) and the FY2025 annual result came in at $13.6 billion, up 23.08% from the prior year.
- Treasury Shares steadied at $14.8 billion in Q2 2026, from $14.8 billion in the prior quarter.
- In the past five years, Treasury Shares ranged from a high of $372.5 million in Q4 2025 to a low of $2.6 million in Q4 2021.
- A 5-year average of $77.6 million and a median of $4.0 million in 2023 frame the typical range for Treasury Shares.
- Annual changes were most pronounced in 2024 — Treasury Shares fell 0.27% — and 2026, when it gained 25.52%.
- Tracing LUV's Treasury Shares over 5 years: stood at $10.8 billion in 2022, then decreased by 0.18% to $10.8 billion in 2023, then gained by 2.04% to $11.0 billion in 2024, then climbed by 23.08% to $13.6 billion in 2025, then gained by 8.84% to $14.8 billion in 2026.
- The last three Treasury Shares figures came in at $14.8 billion (Q2 2026), $14.8 billion (Q1 2026), and $13.6 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Treasury Shares (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.92 Bn | 49.25 Bn | 19.07 Bn | 8.76 Mn |
| 2 | Ryanair Holdings | 29.16 Bn | 25.94 Bn | - | - |
| 3 | Southwest Airlines | 19.69 Bn | 15.90 Bn | 7.33 Bn | 14.79 Bn |
| 4 | Copa Holdings | 5.34 Bn | 4.08 Bn | 1.03 Bn | -345.15 Mn |
| 5 | Alaska Air | 4.48 Bn | 1.82 Bn | 3.76 Bn | 1.95 Bn |
| 6 | Skywest | 3.98 Bn | 3.38 Bn | 1.01 Bn | 46.45 Mn |
| 7 | Allegiant Travel | 1.84 Bn | 787.71 Mn | 902.77 Mn | 682.33 Mn |
| 8 | Jetblue Airways | 1.82 Bn | -202.52 Mn | 2.32 Bn | 2.02 Bn |
| 9 | Frontier Group Holdings | 1.36 Bn | 407.62 Mn | - | - |
| 10 | Republic Airways Holdings | 857.49 Mn | 579.89 Mn | 487.40 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.79 Bn |
| Jun 30, 2026 | 14.79 Bn |
| Mar 31, 2026 | 14.80 Bn |
| Mar 31, 2026 | 14.80 Bn |
| Dec 31, 2025 | 372.53 Mn |
| Dec 31, 2025 | 13.59 Bn |
| Dec 31, 2025 | 13.59 Bn |
| Dec 31, 2025 | 372.53 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 | 11.04 Bn |
| Dec 31, 2024 | 5.89 Mn |
| Dec 31, 2024 | 5.89 Mn |
| Dec 31, 2024 | 11.04 Bn |
| Sep 30, 2024 | 10.80 Bn |
| Sep 30, 2024 | 10.80 Bn |