Tax Rate: 20.35%
Is the tax rate high or low?
The tax rate of 20.35% is in line with its 5-year average of 22.16%, around the middle of its 5-year range (11.69%–30.68%).
4.80% below its 12-month average of 21.38%.
LUV Tax Rate
Reported quarterly effective tax rate; periods with non-meaningful pretax income are omitted.
LUV Average Tax Rate Chart
LUV Current vs Average Tax Rate Chart
LUV Tax Rate Metrics
TAX RATE
20.35%
TAX RATE AVG TTM
21.38%
TAX RATE AVG 3Y
21.73%
TAX RATE AVG 5Y
22.31%
TAX RATE AVG 10Y
25.53%
TAX RATE AVG 15Y
30.46%
TAX RATE AVG 20Y
31.61%
CURRENT VS TTM AVG
-4.80%
CURRENT VS 3Y AVG
-6.36%
CURRENT VS 5Y AVG
-8.77%
CURRENT VS 10Y AVG
-20.29%
CURRENT VS 15Y AVG
-33.19%
CURRENT VS 20Y AVG
-35.62%
Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Tax Rate FAQ
- What is the tax rate for Southwest Airlines Co. (LUV)?
- The tax rate for LUV stock is 20.35%.
- Is Southwest Airlines Co.'s tax rate high or low?
- The tax rate of 20.35% is in line with its 5-year average of 22.16%, around the middle of its 5-year range (11.69%–30.68%).
- What is the TTM average tax rate for Southwest Airlines Co. (LUV)?
- The TTM average tax rate for LUV stock is 21.38%.
- What is the 3Y average tax rate for Southwest Airlines Co. (LUV)?
- The 3Y average tax rate for LUV stock is 21.73%.
- What is the 5Y average tax rate for Southwest Airlines Co. (LUV)?
- The 5Y average tax rate for LUV stock is 22.31%.
- What is the 10Y average tax rate for Southwest Airlines Co. (LUV)?
- The 10Y average tax rate for LUV stock is 25.53%.
- What is the 15Y average tax rate for Southwest Airlines Co. (LUV)?
- The 15Y average tax rate for LUV stock is 30.46%.
- What is the 20Y average tax rate for Southwest Airlines Co. (LUV)?
- The 20Y average tax rate for LUV stock is 31.61%.
LUV Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2026-03-31 | 20.35% |
| 2025-12-31 | 20.64% |
| 2025-09-30 | 20.59% |
| 2025-06-30 | 23.93% |
| 2024-12-31 | 20.67% |
| 2024-09-30 | 24.72% |
| 2024-06-30 | 23.22% |
| 2023-09-30 | 18.57% |
| 2023-06-30 | 22.91% |
| 2022-09-30 | 21.53% |
| 2022-06-30 | 26.64% |
| 2021-12-31 | 11.69% |
| 2021-09-30 | 25.67% |
| 2021-06-30 | 30.68% |
| 2021-03-31 | 20.55% |
| 2019-12-31 | 22.97% |
| 2019-09-30 | 19.54% |
| 2019-06-30 | 23.45% |
| 2019-03-31 | 23.21% |
| 2018-12-31 | 19.95% |
| 2018-09-30 | 21.76% |
| 2018-06-30 | 23.65% |
| 2018-03-31 | 23.09% |
| 2017-12-31 | -155.83% |
| 2017-09-30 | 36.54% |
| 2017-06-30 | 36.22% |
| 2017-03-31 | 36.28% |
| 2016-12-31 | 35.48% |
| 2016-09-30 | 37.22% |
| 2016-06-30 | 37.12% |
| 2016-03-31 | 37.13% |
| 2015-12-31 | 36.72% |
| 2015-09-30 | 37.41% |
| 2015-06-30 | 37.77% |
| 2015-03-31 | 37.34% |
| 2014-12-31 | 36.88% |
| 2014-09-30 | 37.33% |
| 2014-06-30 | 37.67% |
| 2014-03-31 | 37.70% |
| 2013-12-31 | 36.34% |
| 2013-09-30 | 38.19% |
| 2013-06-30 | 38.29% |
| 2013-03-31 | 37.23% |
| 2012-12-31 | 37.60% |
| 2012-09-30 | 51.52% |
| 2012-06-30 | 38.04% |
| 2012-03-31 | 38.36% |
| 2011-12-31 | 40.39% |
| 2011-06-30 | 41.45% |
| 2011-03-31 | 72.22% |
| 2010-12-31 | 38.50% |
| 2010-09-30 | 38.25% |
| 2010-06-30 | 39.13% |
| 2010-03-31 | 35.29% |
| 2009-12-31 | 37.50% |
| 2009-06-30 | 14.95% |
| 2008-06-30 | 39.32% |
| 2008-03-31 | 8.11% |
| 2007-12-31 | 39.13% |
| 2007-09-30 | 41.52% |
| 2007-06-30 | 37.81% |
| 2007-03-31 | 37.58% |
| 2006-12-31 | 43.56% |
| 2006-09-30 | 38.46% |
| 2006-06-30 | 35.34% |
| 2006-03-31 | 36.46% |
| 2005-12-31 | 36.76% |
| 2005-09-30 | 38.78% |
| 2005-06-30 | 38.72% |
| 2005-03-31 | 33.71% |
| 2004-12-31 | 37.50% |
| 2004-09-30 | 34.25% |
| 2004-06-30 | 36.87% |
| 2004-03-31 | 36.59% |
| 2003-12-31 | 34.65% |
| 2003-09-30 | 38.01% |
| 2003-06-30 | 38.04% |
| 2003-03-31 | 38.46% |
| 2002-12-31 | 33.67% |
| 2002-09-30 | 39.52% |
| 2002-06-30 | 39.64% |
Related Metrics
About Southwest Airlines Co.
Southwest Airlines Co. functions as a passenger airline, offering scheduled air travel services predominantly across the United States and to select neighboring international markets. As of December 31, 2021, the company maintained a consistent fleet of 728 Boeing 737 aircraft. Its extensive route network served 121 different locations, spanning 42 U.S. states, the District of Columbia, and the Commonwealth of Puerto Rico, along with 10 international countries close by. These international destinations include Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos. To enhance the passenger journey, Southwest provides in-flight entertainment and internet access on its Wi-Fi-enabled planes. The airline also runs the Rapid Rewards loyalty program, enabling members to accumulate points proportional to the money spent on Southwest's base fares. For customer convenience in travel planning, the company offers a range of digital tools, including its official websites and mobile applications, as well as SWABIZ, a dedicated online booking platform for business clients. Additional services available include EarlyBird Check-In, preferred boarding options, and transportation for pets and unaccompanied minors. The company was founded in 1967 and its corporate headquarters are situated in Dallas, Texas.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- Robert E. Jordan