Income Before Tax
Pre-Tax Income
Southwest Airlines Pre-Tax Income decreased by 30.1% to $285M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 248.4%, from -$192M to $285M. Over 2 years (FY 2021 to FY 2025), Pre-Tax Income shows a downward trend with a -34.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionIncome Before Tax
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase signifies stronger overall financial performance and operational efficiency before tax obligations.
Detailed definition
This is the total profit generated by the company after all operating and non-operating expenses have been deducted, but...
Peer comparison
Standard benchmark for profitability across all public companies, allowing for direct peer comparison.
Metric ID:
income_before_taxHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $502M | $600M | $77M | -$376M | $1.04B | $353M | -$205M | $886M | $237M | -$298M | $478M | $89M | $329M | -$192M | $280M | $68M | $408M | $285M |
| QoQ Change | — | +19.5% | -87.2% | -588.3% | +375.5% | -65.9% | -158.1% | +532.2% | -73.3% | -225.7% | +260.4% | -81.4% | +269.7% | -158.4% | +245.8% | -75.7% | +500.0% | -30.1% |
| YoY Change | — | — | — | — | +106.4% | -41.2% | +45.5% | -14.5% | -32.9% | -45.4% | -46.0% | -62.4% | — | +35.6% | -41.4% | -23.6% | +24.0% | +248.4% |
Range-$376M – $1.04B
CAGR-12.5%
Avg YoY Growth+11.7%
Median YoY Growth-23.6%
Pre-Tax Income at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's pre-tax income?
- Southwest Airlines (LUV) reported pre-tax income of $285M in Q1 2026.
- How has Southwest Airlines's pre-tax income changed year-over-year?
- Southwest Airlines's pre-tax income increased by 248.4% year-over-year, from -$192M to $285M.
- What is the long-term trend for Southwest Airlines's pre-tax income?
- Over 2 years (2021 to 2025), Southwest Airlines's pre-tax income has grown at a -34.8% compound annual growth rate (CAGR), from $1.33B to $564M.
- What does pre-tax income mean?
- The company's total profit before accounting for income tax expenses.