Current Assets
Income taxes receivable
Southwest Airlines Income taxes receivable remained flat by 0.0% to $6M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 45.5%, from $11M to $6M. Over 5 years (FY 2020 to FY 2025), Income taxes receivable shows a downward trend with a -61.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase may indicate overpayment or tax credits, while a decrease suggests the realization of refunds or application against current liabilities.
Detailed definition
This represents the amount of income tax overpayments made to government authorities that the company expects to recover...
Peer comparison
Standard across all industries; peers typically maintain low balances unless undergoing significant tax audits or credit claims.
Metric ID:
income_taxes_receivableHistorical Data
20 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 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $696M | $710M | $699M | $698M | $219M | $233M | $133M | $129M | $39M | $53M | $35M | $13M | $13M | $10M | $11M | $11M | $10M | $10M | $6M | $6M |
| QoQ Change | — | +2.0% | -1.5% | -0.1% | -68.6% | +6.4% | -42.9% | -3.0% | -69.8% | +35.9% | -34.0% | -62.9% | +0.0% | -23.1% | +10.0% | +0.0% | -9.1% | +0.0% | -40.0% | +0.0% |
| YoY Change | — | — | — | — | -68.5% | -67.2% | -81.0% | -81.5% | -82.2% | -77.3% | -73.7% | -89.9% | -66.7% | -81.1% | -68.6% | -15.4% | -23.1% | +0.0% | -45.5% | -45.5% |
Range$6M – $710M
CAGR-63.2%
Avg YoY Growth-60.4%
Median YoY Growth-68.6%
Income taxes receivable at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's income taxes receivable?
- Southwest Airlines (LUV) reported income taxes receivable of $6M in Q1 2026.
- How has Southwest Airlines's income taxes receivable changed year-over-year?
- Southwest Airlines's income taxes receivable decreased by 45.5% year-over-year, from $11M to $6M.
- What is the long-term trend for Southwest Airlines's income taxes receivable?
- Over 5 years (2020 to 2025), Southwest Airlines's income taxes receivable has grown at a -61.8% compound annual growth rate (CAGR), from $740M to $6M.
- What does income taxes receivable mean?
- The amount of income tax money the government owes the company due to overpayment.