Southwest Airlines Co Tax Rate

Southwest Airlines Co: Tax Rate (%)

Southwest Airlines Co annual tax rate was $0.26 in fiscal year 2019. The annual tax rate Decreased $-0.02 from $0.28 (in 2020) to $0.26 (in 2019).
This Decreased represents a tax rate growth of -5.43% Billion year over year.

Southwest Airlines Co quarterly tax rate was $0.22 in the quarter ending in Sep 22. The quarterly tax rate Decreased $-0.04 from $0.26 (in Sep 21) to $0.22 (in Sep 22).
This Decreased represents a tax rate growth of -16.12% year over year.

In the last 5 years from 2017 to 2021 :

Highest tax rate of Southwest Airlines Co was $0.28 in fiscal year 2020
Lowest tax rate of Southwest Airlines Co was $-0.07 in fiscal year 2017
Average tax rate of Southwest Airlines Co was $0.18

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Definition of Tax Rate (%) :
The tax rate is the percentage of income that an individual or a business is required to pay to the government. For more details on tax rate, examples and formulas, refer to our glossary.

Southwest Airlines Co: Tax Rate (%)

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Southwest Airlines Co : Tax Rate (%) Details

2021

Southwest Airlines Co annual tax rate was $0.26 in fiscal year 2021.
Southwest Airlines Co quarterly tax rate was $0.21 (Mar) , $0.31 (Jun) , $0.26 (Sep) , and $0.13 (Dec) in fiscal year 2021.

2020

Southwest Airlines Co annual tax rate was $0.28 in fiscal year 2020.
Southwest Airlines Co quarterly tax rate was $0.35 (Mar) , $0.26 (Jun) , $0.25 (Sep) , and $0.32 (Dec) in fiscal year 2020.

2019

Southwest Airlines Co annual tax rate was $0.22 in fiscal year 2019.
Southwest Airlines Co quarterly tax rate was $0.23 (Mar) , $0.23 (Jun) , $0.20 (Sep) , and $0.23 (Dec) in fiscal year 2019.

Southwest Airlines Co : Tax Rate (%) (year over year growth)

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Southwest Airlines Co : Tax Rate (%) (Year Over Year Growth) Details

2021

Southwest Airlines Co annual tax rate Decreased -5.43% during fiscal year 2021 compared to 2020.
This represents an Decreased in tax rate of -$0.02 from $0.26 (in 2021) to $0.28 (in 2020).

2020

Southwest Airlines Co annual tax rate Increased +25.00% during fiscal year 2020 compared to 2019.
This represents an Increased in tax rate of +$0.06 from $0.28 (in 2020) to $0.22 (in 2019).

Southwest Airlines Co : Tax Rate (%) - Annual (Tabular)

Period	Tax Rate (%)	Y/Y Growth
2021	$0.26	-5.43%
2020	$0.28	+25.00%

Southwest Airlines Co : Tax Rate (%) - Quarterly (Tabular)

Period	Tax Rate (%)	Y/Y Growth
Sep 22	$0.22	-16.12%
Jun 22	$0.27	-13.16%
Mar 22	$0.26	+26.84%
Dec 21	$0.13	-59.14%
Sep 21	$0.26	+2.80%
Jun 21	$0.31	+17.31%
Mar 21	$0.21	-40.82%
Dec 20	$0.32	+38.34%
Sep 20	$0.25	+27.80%
Jun 20	$0.26	+11.51%
Mar 20	$0.35	+49.57%
Dec 19	$0.23	+15.72%
Sep 19	$0.20	-10.20%
Jun 19	$0.23	-0.83%
Mar 19	$0.23	+0.54%
Dec 18	$0.20	-112.71%