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Buyback Spend for Southwest Airlines (LUV)

Buyback Spend for Southwest Airlines (LUV): headline value $3.05B · YoY +920.0%. Annual and quarterly series, chart, and tables are below.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Latest period

$3.05B

YoY change

+920.0%

5Y CAGR

+41.4%

Peak year (2025)

$2.55B

Latest annual

$2.55B

Buyback Spend history chart for Southwest Airlines (LUV) from 1989 to 2025

Buyback Spend history table for Southwest Airlines (LUV) from 1989 to 2025

Fiscal yearPeriod endedReportedBuyback SpendYoY
2025$2.55B+920.0%
2024$250.00M
2023$0
2022$0
2021$0-100.0%
2020$451.00M-77.5%
2019$2.00B0.0%
2018$2.00B+25.0%
2017$1.60B-8.6%
2016$1.75B+48.3%
2015$1.18B+23.6%
2014$955.00M+76.9%
2013$540.00M+35.0%
2012$400.00M+77.8%
2011$225.00M
2010$0
2009$0-100.0%
2008$54.00M-94.6%
2007$1.00B+25.1%
2006$800.00M+1354.5%
2005$55.00M-77.6%
2004$246.00M
2003$0
2002$0
2001$0-100.0%
2000$108.67M+20.1%
1999$90.50M-9.5%
1998$100.00M
1997$0
1996$0
1995$0
1994$0
1993$0-100.0%
1992$100,000
1991$0-100.0%
1990$25.60M+156.0%
1989$10.00M

Buyback Spend values are taken from Southwest Airlines's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

Analysis

2025's annual buyback spend for Southwest Airlines (LUV) came in at $2.55B – surged 920.0% year-over-year.

Across 2020–2025 (5 years), Southwest Airlines buyback spend produced a CAGR of +41.4% – sustaining 2 straight years of year-over-year growth.

The dataset's maximum buyback spend sits at $2.55B (2025); the minimum reading of $0 dates to 1991.

Within Industrials, Southwest Airlines (LUV) ranks 5th among 8 peers we track. The peer median for buyback spend is $2.27B.

Southwest Airlines Buyback Spend by Year

Southwest Airlines Buyback Spend 2025: $2.55B

Southwest Airlines buyback spend in 2025 was $2.55B, surged 920.0% from 2024. This figure represents the highest annual value in the available history.

Southwest Airlines Buyback Spend 2024: $250.00M

Southwest Airlines buyback spend in 2024 was $250.00M.

Southwest Airlines Buyback Spend 2023: $0

Southwest Airlines buyback spend in 2023 was $0.

Southwest Airlines Buyback Spend 2022: $0

Southwest Airlines buyback spend in 2022 was $0.

Southwest Airlines Buyback Spend 2021: $0

Southwest Airlines buyback spend in 2021 was $0.

See more financial history for Southwest Airlines (LUV).

Sector peers — Buyback Spend

Companies in the same sector as Southwest Airlines, ranked by their latest buyback spend.

CompanyBuyback SpendSector
GE Aerospace (GE)$7.55BIndustrials
Caterpillar Inc. (CAT)$5.19BIndustrials
Honeywell International Inc. (HON)$3.80BIndustrials
Union Pacific Corporation (UNP)$2.68BIndustrials
Eaton Corporation plc (ETN)$1.86BIndustrials
Deere & Company (DE)$1.14BIndustrials
RTX Corporation (RTX)$50.00MIndustrials
The Boeing Company (BA)$0Industrials

Frequently asked questions

What is Southwest Airlines's buyback spend?

Latest reported buyback spend for Southwest Airlines (LUV) is $3.05B (period ending March 31, 2026).

How has Southwest Airlines buyback spend changed year-over-year?

Southwest Airlines (LUV) buyback spend changed +920.0% year-over-year on the latest annual filing.

What is the long-term growth rate of Southwest Airlines buyback spend?

Southwest Airlines (LUV) buyback spend compound annual growth rate is +41.4% over the most recent 5 years available.

When did Southwest Airlines buyback spend hit its highest annual value?

Southwest Airlines buyback spend reached its highest annual value of $2.55B in 2025.

What was Southwest Airlines buyback spend in 2024?

Southwest Airlines (LUV) buyback spend in 2024 was $250.00M.

What was Southwest Airlines buyback spend in 2025?

Southwest Airlines (LUV) buyback spend in 2025 was $2.55B.

Metrics overview

Pick a metric for charts, filings and peers — each row shows the latest TTM or most-recent-quarter value.