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
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ3 2020
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Higher values indicate successful delivery of services or products for which cash was previously received.
Detailed definition
Revenue recognized during the current period that was previously recorded as a contract liability (deferred revenue) at...
Peer comparison
Commonly disclosed in revenue recognition notes for companies with subscription or long-term contract models.
Metric ID:
tmusz_contract_liability_revenue_recognizedHistorical 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 recognized this period that was previously collected as deferred revenue.