Revenue
Revenue Recognized from Contract Liability
Southwest Airlines Revenue Recognized from Contract Liability increased by 218.6% to $2.48B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.8%, from $2.61B to $2.48B. Over 2 years (FY 2021 to FY 2023), Revenue Recognized from Contract Liability shows an upward trend with a 33.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ3 2020
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Consistent conversion of contract liabilities into revenue indicates healthy project execution and fulfillment of customer obligations.
Detailed definition
Revenue recognized during the current period that was previously recorded as a contract liability (deferred revenue) at...
Peer comparison
Common in industries with long-term contracts or subscription-based models.
Metric ID:
anet_revenue_from_contract_liabilityHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $857.00M | $746.00M | $599.00M | $1.88B | $1.15B | $721.00M | $1.23B | $2.57B | $1.60B | $1.09B | $0.00 | $2.56B | $1.46B | $572.00M | $2.61B | $1.25B | $779.00M | $2.48B |
| QoQ Change | — | -13.0% | -19.7% | +214.0% | -39.0% | -37.2% | +70.0% | +109.5% | -37.6% | -31.8% | -100.0% | — | -42.7% | -60.9% | +355.9% | -52.2% | -37.5% | +218.6% |
| YoY Change | — | — | — | — | +34.0% | -3.4% | +104.7% | +36.5% | +39.5% | +51.6% | -100.0% | -0.4% | -8.6% | -47.7% | +2.0% | -14.8% | +36.2% | -4.8% |
Range$0.00 – $2.61B
CAGR+28.4%
Avg YoY Growth+8.9%
Median YoY Growth+0.8%
Revenue Recognized from Contract Liability at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's revenue recognized from contract liability?
- Southwest Airlines (LUV) reported revenue recognized from contract liability of $2.48B in Q1 2026.
- How has Southwest Airlines's revenue recognized from contract liability changed year-over-year?
- Southwest Airlines's revenue recognized from contract liability decreased by 4.8% year-over-year, from $2.61B to $2.48B.
- What is the long-term trend for Southwest Airlines's revenue recognized from contract liability?
- Over 2 years (2021 to 2023), Southwest Airlines's revenue recognized from contract liability has grown at a 33.7% compound annual growth rate (CAGR), from $2.95B to $5.26B.
- What does revenue recognized from contract liability mean?
- Revenue earned this period that was paid for by customers in advance.