Delta Air Lines Inc. (DAL) reported $71.80B of revenue for the twelve months ended Sep 30, 2026. That is up 14.1% from the year before. Revenue for fiscal 2025 was $63.36B.

Yes. Delta Air Lines Inc. earned $3.29B in net income for the twelve months ended Sep 30, 2026, a net margin of 4.6%.

How much cash and debt does DAL have?

Delta Air Lines Inc. reported $3.79B in cash and cash equivalents and $12.11B of debt on its most recent balance sheet in SEC filings.

How fast is DAL revenue growing?

Delta Air Lines Inc.'s revenue changed +2.8% in fiscal 2025, to $63.36B. Its compound annual growth rate was +30.0% over 5 years and +4.5% over 10 years.

What is DAL earnings per share?

Diluted earnings per share were $5.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did DAL last report financial results?

The latest statements here come from Delta Air Lines Inc.'s 10-Q filed on Oct 9, 2026, covering the period ended Sep 30, 2026.

Where does this DAL financial data come from?

Quantisnow builds these statements from the structured XBRL data Delta Air Lines Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · DAL

Delta Air Lines Inc. (DAL) financials

For the twelve months ended Sep 30, 2026, Delta Air Lines Inc. reported $71.80B of revenue and $3.29B of net income.

Revenue, TTM: $71.80B
Revenue growth, YoY: +14.1%
Net income, TTM: $3.29B
Net income growth, YoY: -28.9%
Net margin: 4.6%
EPS, diluted, TTM: $5.00
EPS growth, YoY: -29.6%
Cash: $3.79B
Total debt: $12.11B
P/E: 18.26
P/S: 0.84
Market cap: $60.08B

Annual revenue$63.36B

FY2016FY2025

Annual net income$5.00B

FY2016FY2025

Annual free cash flow$3.84B

FY2016FY2025

DAL revenue and earnings growth

DAL revenueQ3 2026$20.19B

Quarter YoY: +21.1%
QoQ: +2.2%
FY YoY: +2.8%
5Y CAGR: +30.0%
10Y CAGR: +4.5%

DAL revenue was $20.19B in fiscal Q3 2026 (ended Sep 30, 2026), up 21.1% from a year earlier and up 2.2% from the prior quarter. For the full fiscal 2025 it was $63.36B, up 2.8% from fiscal 2024. Compound annual growth was +30.0% over 5 years and +4.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

DAL net incomeQ3 2026$756.00M

Quarter YoY: -46.6%
QoQ: -52.9%
FY YoY: +44.8%
10Y CAGR: +1.0%

DAL net income was $756.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 46.6% from a year earlier and down 52.9% from the prior quarter. For the full fiscal 2025 it was $5.00B, up 44.8% from fiscal 2024. Compound annual growth was +1.0% over 10 years. It rose in 3 of the last 4 fiscal years.

DAL EPSQ3 2026$1.15

Quarter YoY: -47.0%
QoQ: -52.9%
FY YoY: +43.7%
10Y CAGR: +3.1%

DAL diluted EPS was $1.15 in fiscal Q3 2026 (ended Sep 30, 2026), down 47.0% from a year earlier and down 52.9% from the prior quarter. For the full fiscal 2025 it was $7.66, up 43.7% from fiscal 2024. Compound annual growth was +3.1% over 10 years.

DAL free cash flowQ1 2026$1.23B

Quarter YoY: +6.8%
QoQ: -8.9%
FY YoY: +33.2%
10Y CAGR: -2.6%

DAL free cash flow was $1.23B in fiscal Q1 2026 (ended Mar 31, 2026), up 6.8% from a year earlier and down 8.9% from the prior quarter. For the full fiscal 2025 it was $3.84B, up 33.2% from fiscal 2024. Compound annual growth was -2.6% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$63.36B	$61.64B	$58.05B	$50.58B	$29.90B	$17.09B	$47.01B	$44.44B	$41.14B	$39.45B
Operating income	$5.82B	$6.00B	$5.52B	$3.66B	$1.89B	-$12.47B	$6.62B	$5.26B	$5.97B	$7.00B
Interest expense	-	-	-	-	-	-	-	-	$396.00M	$388.00M
Pre-tax income	$6.18B	$4.66B	$5.61B	$1.91B	$398.00M	-$15.59B	$6.20B	$5.15B	$5.50B	$6.35B
Income tax	$1.18B	$1.20B	$999.00M	$596.00M	$118.00M	-$3.20B	$1.43B	$1.22B	$2.29B	$2.16B
Net income	$5.00B	$3.46B	$4.61B	$1.32B	$280.00M	-$12.38B	$4.77B	$3.94B	$3.21B	$4.20B
EPS, basic	$7.72	$5.39	$7.21	$2.07	$0.44	-$19.49	$7.32	$5.69	$4.45	$5.59
EPS, diluted	$7.66	$5.33	$7.17	$2.06	$0.44	-$19.49	$7.30	$5.67	$4.43	$5.55
Diluted shares	654.0M	648.0M	643.0M	641.0M	641.0M	636.0M	653.0M	694.0M	723.0M	755.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$4.31B	$3.42B	$2.74B	$3.47B	$8.57B	$10.05B	$3.73B	$2.75B	$1.85B	$2.83B
Short-term investments	-	$0	$1.13B	$3.27B	$3.39B	$5.79B	$0	$203.00M	$825.00M	$487.00M
Receivables	$2.85B	$3.22B	$3.13B	$3.18B	$2.40B	$1.40B	$2.85B	$2.31B	$2.38B	$2.06B
Current assets	$10.97B	$9.84B	$10.27B	$13.01B	$15.94B	$17.40B	$8.25B	$6.34B	$7.80B	$7.45B
Goodwill	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.78B	$9.78B	$9.79B	$9.79B
Total assets	$81.32B	$75.37B	$73.64B	$72.29B	$72.46B	$72.00B	$64.53B	$60.27B	$53.67B	$51.85B
Current liabilities	$27.62B	$26.67B	$26.42B	$25.94B	$20.97B	$15.93B	$20.20B	$18.58B	$18.96B	$15.24B
Short-term debt	$1.37B	$1.80B	$2.63B	$2.06B	$1.50B	$1.44B	$2.05B	$1.41B	$2.15B	$1.01B
Long-term debt	$11.94B	$13.55B	$15.98B	$19.33B	$23.58B	$26.53B	$8.05B	$7.96B	$6.29B	$6.00B
Total debt	$13.31B	$15.35B	$18.61B	$21.38B	$25.08B	$27.97B	$10.11B	$9.37B	$8.44B	$7.01B
Shareholders' equity	$20.85B	$15.29B	$11.11B	$6.58B	$3.89B	$1.53B	$15.36B	$13.69B	$12.53B	$11.28B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$8.34B	$8.03B	$6.46B	$6.36B	$3.26B	-$3.79B	$8.43B	$7.01B	$5.02B	$7.21B
Capital expenditures	$4.50B	$5.14B	$5.32B	$6.37B	$3.25B	$1.90B	$4.94B	$5.17B	$3.89B	$3.39B
Free cash flow	$3.84B	$2.88B	$1.14B	-$3.00M	$17.00M	-$5.69B	$3.49B	$1.85B	$1.13B	$3.82B
Investing cash flow	-$4.19B	-$3.74B	-$3.15B	-$6.92B	-$898.00M	-$9.24B	-$4.56B	-$4.39B	-$5.27B	-$2.15B
Financing cash flow	-$3.08B	-$4.26B	-$3.39B	-$4.54B	-$3.85B	$19.36B	-$2.88B	-$1.73B	-$730.00M	-$4.26B
Dividends paid	$440.00M	$321.00M	$128.00M	$0	$0	$260.00M	$980.00M	$909.00M	$731.00M	$509.00M
Share repurchases	-	-	-	$0	$0	$344.00M	$2.03B	$1.57B	$1.68B	$2.60B
Stock-based compensation	-	-	-	-	-	-	$161.00M	$159.00M	$169.00M	$154.00M
Depreciation and amortization	$2.44B	$2.51B	$2.34B	$2.11B	$2.00B	$2.31B	$2.58B	$2.33B	$2.22B	$1.89B

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	2.8%	6.2%	14.8%	69.2%	74.9%	-63.6%	5.8%	8.0%	4.3%	-3.1%
Net income growth, YoY	44.8%	-25.0%	249.7%	370.7%	-	-	21.1%	22.8%	-23.6%	-7.3%
EPS growth, YoY	43.7%	-25.7%	248.1%	368.2%	-	-	28.7%	28.0%	-20.2%	-1.4%
Operating margin	9.2%	9.7%	9.5%	7.2%	6.3%	-72.9%	14.1%	11.8%	14.5%	17.7%
Net margin	7.9%	5.6%	7.9%	2.6%	0.9%	-72.4%	10.1%	8.9%	7.8%	10.6%
Free cash flow margin	6.1%	4.7%	2.0%	-0.0%	0.1%	-33.3%	7.4%	4.2%	2.8%	9.7%
Return on equity	24.0%	22.6%	41.5%	20.0%	7.2%	-807.4%	31.0%	28.7%	25.6%	37.2%
Return on assets	6.2%	4.6%	6.3%	1.8%	0.4%	-17.2%	7.4%	6.5%	6.0%	8.1%
Current ratio	0.40	0.37	0.39	0.50	0.76	1.09	0.41	0.34	0.41	0.49
Debt to equity	0.64	1.00	1.68	3.25	6.45	18.24	0.66	0.68	0.67	0.62

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$20.19B	$19.76B	$15.85B	$16.00B	$16.67B	$16.65B	$14.04B	$15.56B	$15.68B	$16.66B	$13.75B	$14.22B
Operating income	$1.45B	$1.86B	$501.00M	$1.47B	$1.68B	$2.10B	$569.00M	$1.72B	$1.40B	$2.27B	$614.00M	$1.32B
Pre-tax income	$1.07B	$2.01B	-$214.00M	$1.51B	$1.78B	$2.57B	$320.00M	$1.20B	$1.56B	$1.77B	$122.00M	$2.27B
Income tax	$318.00M	$405.00M	$75.00M	$294.00M	$360.00M	$444.00M	$80.00M	$359.00M	$289.00M	$468.00M	$85.00M	$238.00M
Net income	$756.00M	$1.60B	-$289.00M	$1.22B	$1.42B	$2.13B	$240.00M	$843.00M	$1.27B	$1.30B	$37.00M	$2.04B
EPS, basic	$1.15	$2.45	-$0.44	$1.89	$2.18	$3.28	$0.37	$1.31	$1.98	$2.04	$0.06	$3.19
EPS, diluted	$1.15	$2.44	-$0.44	$1.85	$2.17	$3.27	$0.37	$1.29	$1.97	$2.01	$0.06	$3.18
Diluted shares	659.0M	658.0M	652.0M	-	654.0M	652.0M	652.0M	-	647.0M	648.0M	645.0M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$3.79B	$4.67B	$5.05B	$4.31B	$3.79B	$3.33B	$3.71B	$3.42B	$3.97B	$4.11B	$3.88B	$2.74B
Short-term investments	-	-	-	-	-	-	-	$0	$8.00M	$124.00M	$589.00M	$1.13B
Receivables	$4.33B	$4.31B	$4.09B	$2.85B	$3.61B	$3.75B	$3.65B	$3.22B	$3.55B	$3.81B	$3.75B	$3.13B
Current assets	$13.49B	$14.24B	$13.66B	$10.97B	$11.23B	$10.98B	$11.24B	$9.84B	$11.06B	$11.59B	$11.58B	$10.27B
Goodwill	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B	$9.75B
Total assets	$86.05B	$86.32B	$84.43B	$81.32B	$79.62B	$78.39B	$77.34B	$75.37B	$75.37B	$75.20B	$74.97B	$73.64B
Current liabilities	$33.58B	$33.60B	$32.70B	$27.62B	$28.25B	$28.55B	$29.70B	$26.67B	$28.12B	$28.76B	$28.48B	$26.42B
Short-term debt	$2.98B	$2.80B	$2.63B	$1.37B	$1.88B	$1.98B	$2.64B	$1.80B	$2.70B	$2.70B	$2.55B	$2.63B
Long-term debt	$9.12B	$10.10B	$10.61B	$11.94B	$12.30B	$12.40B	$12.43B	$13.55B	$13.88B	$14.08B	$15.58B	$15.98B
Total debt	$12.11B	$12.90B	$13.23B	$13.31B	$14.17B	$14.38B	$15.08B	$15.35B	$16.58B	$16.78B	$18.13B	$18.61B
Shareholders' equity	$22.51B	$21.82B	$20.38B	$20.85B	$18.82B	$17.44B	$15.45B	$15.29B	$13.65B	$12.39B	$11.15B	$11.11B

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$1.71B	$1.59B	$2.43B	$2.26B	$1.85B	$1.86B	$2.38B	$1.89B	$1.27B	$2.45B	$2.41B	$545.00M
Capital expenditures	-	-	$1.20B	$907.00M	$1.16B	$1.21B	$1.22B	$1.31B	$1.33B	$1.31B	$1.19B	$1.60B
Free cash flow	-	-	$1.23B	$1.35B	$687.00M	$648.00M	$1.15B	$584.00M	-$54.00M	$1.14B	$1.22B	-$1.06B
Investing cash flow	-$1.30B	-$1.51B	-$1.26B	-$728.00M	-$1.03B	-$1.20B	-$1.22B	-$1.17B	-$1.12B	-$809.00M	-$637.00M	-$535.00M
Financing cash flow	-$1.30B	-$545.00M	-$435.00M	-$1.00B	-$370.00M	-$1.07B	-$634.00M	-$1.59B	-$371.00M	-$1.51B	-$787.00M	$416.00M
Dividends paid	$141.00M	$123.00M	$129.00M	$122.00M	$122.00M	$97.00M	$99.00M	$96.00M	$97.00M	$64.00M	$64.00M	$64.00M
Depreciation and amortization	$673.00M	$656.00M	$635.00M	$620.00M	$614.00M	$602.00M	$607.00M	$635.00M	$643.00M	$620.00M	$615.00M	$610.00M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	21.1%	18.7%	12.9%	2.9%	6.4%	-0.1%	2.1%	9.4%	1.2%	6.9%	7.8%	5.9%
Net income growth, YoY	-46.6%	-24.7%	-	44.6%	11.4%	63.2%	548.6%	-58.6%	14.8%	-28.6%	-	145.7%
EPS growth, YoY	-47.0%	-25.4%	-	43.4%	10.2%	62.7%	516.7%	-59.4%	14.5%	-29.2%	-	142.7%
Operating margin	7.2%	9.4%	3.2%	9.2%	10.1%	12.6%	4.1%	11.0%	8.9%	13.6%	4.5%	9.3%
Net margin	3.7%	8.1%	-1.8%	7.6%	8.5%	12.8%	1.7%	5.4%	8.1%	7.8%	0.3%	14.3%
Free cash flow margin	-	-	7.8%	8.5%	4.1%	3.9%	8.2%	3.8%	-0.3%	6.8%	8.8%	-7.4%
Current ratio	0.40	0.42	0.42	0.40	0.40	0.38	0.38	0.37	0.39	0.40	0.41	0.39
Debt to equity	0.54	0.59	0.65	0.64	0.75	0.82	0.98	1.00	1.22	1.35	1.63	1.68

Source: XBRL data Delta Air Lines Inc. files with the SEC, latest filing dated Oct 9, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

DAL peers

Company	Revenue	Growth	Net income	Net margin	Market cap
DAL	$71.80B	+14.1%	$3.29B	4.6%	$60.08B
LUVSouthwest Airlines Company	$31.55B	+14.5%	$1.05B	3.3%	$22.75B
JBLUJetBlue Airways Corporation	$9.99B	+9.9%	-$1.00B	-10.0%	$1.52B
AALAmerican Airlines Group Inc.	$60.98B	+12.3%	-$481.00M	-0.8%	$9.34B
UALUnited Airlines Holdings Inc.	$65.55B	+12.3%	$3.58B	5.5%	$38.46B
ALKAlaska Air Group Inc.	$15.30B	+8.2%	-$395.00M	-2.6%	$4.63B
ULCCFrontier Group Holdings Inc.	$4.62B	+24.0%	-$413.00M	-8.9%	$1.86B
ALGTAllegiant Travel Company	$3.29B	+27.8%	$54.38M	1.7%	$2.63B

DAL FAQ

7 questions

What is DAL revenue?
Delta Air Lines Inc. (DAL) reported $71.80B of revenue for the twelve months ended Sep 30, 2026. That is up 14.1% from the year before. Revenue for fiscal 2025 was $63.36B.
Is DAL profitable?
Yes. Delta Air Lines Inc. earned $3.29B in net income for the twelve months ended Sep 30, 2026, a net margin of 4.6%.
How much cash and debt does DAL have?
Delta Air Lines Inc. reported $3.79B in cash and cash equivalents and $12.11B of debt on its most recent balance sheet in SEC filings.
How fast is DAL revenue growing?
Delta Air Lines Inc.'s revenue changed +2.8% in fiscal 2025, to $63.36B. Its compound annual growth rate was +30.0% over 5 years and +4.5% over 10 years.
What is DAL earnings per share?
Diluted earnings per share were $5.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did DAL last report financial results?
The latest statements here come from Delta Air Lines Inc.'s 10-Q filed on Oct 9, 2026, covering the period ended Sep 30, 2026.
Where does this DAL financial data come from?
Quantisnow builds these statements from the structured XBRL data Delta Air Lines Inc. files with the SEC. It is provided for information only and is not investment advice.