Tax
Deferred Tax
Southwest Airlines Deferred Tax decreased by 307.1% to -$57.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 232.6%, from $43.00M to -$57.00M.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ1 2026Apr 23, 2026
How to read this metric
A large deferred tax benefit may signal future tax payments, while a large expense may indicate the utilization of tax assets.
Detailed definition
This represents the change in deferred tax assets and liabilities resulting from temporary differences between the finan...
Peer comparison
Standard accounting metric; essential for reconciling the effective tax rate with the statutory rate.
Metric ID:
wmt_deferred_income_tax_expense_benefitHistorical Data
16 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $30.00M | -$67.00M | $63.00M | $97.00M | -$272.00M | -$76.00M | $52.00M | -$209.00M | -$57.00M | $68.00M | -$110.00M | -$19.00M | $43.00M | -$66.00M | -$14.00M | -$57.00M |
| QoQ Change | — | -323.3% | +194.0% | +54.0% | -380.4% | +72.1% | +168.4% | -501.9% | +72.7% | +219.3% | -261.8% | +82.7% | +326.3% | -253.5% | +78.8% | -307.1% |
| YoY Change | — | — | — | — | <-999% | -13.4% | -46.4% | +23.2% | +25.0% | +30.8% | +47.4% | +66.7% | -36.8% | +40.0% | +26.3% | -232.6% |
Range-$272.00M – $97.00M
CAGR+18.7%
Avg YoY Growth-89.7%
Median YoY Growth+24.1%
Deferred Tax at Other Companies
Frequently Asked Questions
- What is Southwest Airlines's deferred tax?
- Southwest Airlines (LUV) reported deferred tax of -$57.00M in Q1 2026.
- How has Southwest Airlines's deferred tax changed year-over-year?
- Southwest Airlines's deferred tax decreased by 232.6% year-over-year, from $43.00M to -$57.00M.
- What does deferred tax mean?
- The portion of tax expense caused by timing differences between accounting and tax reporting.