Contract Liabilities
Southwest Airlines Contract Liabilities decreased by 1.5% to $1.20B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.8%, from $1.84B to $1.20B. Over 5 years (FY 2020 to FY 2025), Contract Liabilities shows a downward trend with a -18.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.37B | $2.49B | $2.16B | $2.20B | $2.21B | $2.06B | $2.19B | $1.98B | $1.94B | $1.75B | $1.73B | $1.75B | $1.99B | $1.96B | $1.95B | $1.84B | $1.60B | $1.26B | $1.22B | $1.20B |
| QoQ Change | — | +5.0% | -13.1% | +2.1% | +0.1% | -6.8% | +6.3% | -9.4% | -2.1% | -9.5% | -1.5% | +1.4% | +13.6% | -1.7% | -0.5% | -5.4% | -13.2% | -21.1% | -3.5% | -1.5% |
| YoY Change | — | — | — | — | -6.8% | -17.2% | +1.3% | -10.2% | -12.1% | -14.7% | -21.0% | -11.5% | +2.7% | +11.6% | +12.7% | +5.2% | -19.6% | -35.5% | -37.4% | -34.8% |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's contract liabilities?
- Southwest Airlines (LUV) reported contract liabilities of $1.20B in Q1 2026.
- How has Southwest Airlines's contract liabilities changed year-over-year?
- Southwest Airlines's contract liabilities decreased by 34.8% year-over-year, from $1.84B to $1.20B.
- What is the long-term trend for Southwest Airlines's contract liabilities?
- Over 5 years (2020 to 2025), Southwest Airlines's contract liabilities has grown at a -18.3% compound annual growth rate (CAGR), from $3.34B to $1.22B.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.