Company / Income Tax
Southwest Airlines Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$122.0M
FY2025
5-year range
$122.0M / $657.0M
FY2021-FY2025
Trend
-8.3%
vs FY2024
Sector context
#97 of 357
Industrials
What the data says
At $122M, Southwest Airlines's income tax ranks #261 of 357 in the Industrials sector. Income Tax has declined for 5 consecutive years, from $699M in FY2020 to $122M in FY2025.
Based on SEC 10-K filings.
$122M in FY2025 with a 5-year CAGR of -29.5%.
Improved from $168M to $122M over the past 2 years.
Industrials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -13.6%
- 5-Year CAGR
- -29.5%
- 10-Year CAGR
- -
Sector benchmark
#261 of 357 in IndustrialsTop 73% of 357This company $122.0M Sector average $123.9M
▼
-1.6% below sector average
Key checks
Key Insights
- Southwest Airlines's income tax has declined for 5 consecutive years.
- 5-year CAGR of -29.5%, indicating a declining trend.
- In FY2025, income tax decreased 8.3% year-over-year.
- Ranks #97 out of 357 companies in the Industrials sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $122.0M | -8.3% |
| FY2024 | $133.0M | -20.8% |
| FY2023 | $168.0M | -11.1% |
| FY2022 | $189.0M | -71.2% |
| FY2021 | $657.0M | -6.0% |
| FY2020 | $699.0M | +859.8% |
| FY2019 | -$92.0M | -107.3% |
| FY2018 | $1.3B | +1477.2% |
| FY2017 | -$92.0M | -107.3% |
| FY2016 | $1.3B | -2.4% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026