◆ TICKERBASE · US STOCK FINANCIAL DATA LIBRARY

Home › All stocks › DAL

Delta Air Lines Inc (DAL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · Passenger Airlines · DATA UPDATED 2026-07-14

Delta Air Lines Inc (DAL) operates in the Passenger Airlines industry and is headquartered in Atlanta, United States with about 103,000 employees. Its market capitalization is roughly $56 billion. In the fiscal year ended 2025-12-31, DAL reported $63.4B in revenue and $5.0B in net income.

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St.

Interactive charts & full statements → Open the DAL valuation workbench →

DAL Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$68.3B	$63.4B	$61.6B	$58.0B	$50.6B	$29.9B	$17.1B	$47.0B	$44.4B	$41.1B	$39.5B	$40.7B	$40.4B	$37.8B	$36.7B	$35.1B	$31.8B	$28.1B	$22.7B	$19.2B	$17.5B
Gross Profit	$18.7B	$14.5B	$16.6B	$15.5B	$11.2B	$2.1B	($4.4B)	$13.6B	$11.1B	$11.5B	$12.3B	$13.4B	$8.2B	$8.6B	$7.4B	$7.2B	$7.4B	$13.0B	$8.9B	$10.0B	$17.2B
Gross Margin %	27.3%	22.8%	26.9%	26.7%	22.1%	7.1%	-25.6%	28.9%	25.0%	28.0%	31.1%	32.8%	20.2%	22.7%	20.1%	20.4%	23.2%	46.4%	39.1%	52.0%	97.9%
Operating Income (EBIT)	$5.5B	$5.8B	$6.0B	$5.5B	$3.7B	$1.9B	($12.5B)	$6.6B	$5.3B	$6.0B	$7.0B	$7.8B	$2.2B	$3.4B	$2.2B	$2.0B	$2.2B	$1.6B	$1.2B	$3.0B	$58M
Operating Margin %	8.1%	9.2%	9.7%	9.5%	7.2%	6.3%	-72.9%	14.1%	11.8%	14.5%	17.7%	19.2%	5.5%	9.0%	5.9%	5.6%	7.0%	5.9%	5.3%	15.9%	0.3%
Net Income	$4.0B	$5.0B	$3.5B	$4.6B	$1.3B	$280M	($12.4B)	$4.8B	$3.9B	$3.2B	$4.2B	$4.5B	$659M	$10.5B	$1.0B	$854M	$593M	($1.2B)	($8.9B)	$1.6B	($6.2B)
Net Margin %	5.8%	7.9%	5.6%	7.9%	2.6%	0.9%	-72.5%	10.1%	8.9%	7.8%	10.6%	11.1%	1.6%	27.9%	2.8%	2.4%	1.9%	-4.4%	-39.3%	8.4%	-35.4%
EBITDA	$8.4B	$8.0B	$7.9B	$8.8B	$5.0B	$3.7B	($12.3B)	$9.1B	$7.8B	$8.1B	$8.6B	$9.5B	$3.5B	$5.0B	$3.6B	$3.4B	$3.3B	$863M	($7.1B)	$3.0B	$1.3B
Earnings Per Share (EPS)	$6.03	$7.65	$5.33	$7.17	$2.06	$0.44	$-19.47	$7.30	$5.67	$4.43	$5.56	$5.63	$0.78	$12.28	$1.19	$1.01	$0.70	$-1.50	$-19.06	$5.17	$-31.57
Shares Outstanding (M)	657M	654M	648M	643M	641M	641M	636M	653M	694M	723M	755M	804M	845M	858M	850M	844M	843M	827M	468M	312M	196M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DAL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$19.8B	$15.9B	$16.0B	$16.7B	$16.6B	$14.0B	$15.6B	$15.7B
Gross Profit	$6.6B	$4.5B	$3.6B	$3.9B	$5.0B	$3.0B	$4.4B	$4.1B
Gross Margin %	33.6%	28.6%	22.4%	23.5%	30.3%	21.5%	28.6%	26.5%
Operating Income (EBIT)	$1.9B	$501M	$1.5B	$1.7B	$2.1B	$569M	$1.7B	$1.4B
Operating Margin %	9.4%	3.2%	9.2%	10.1%	12.6%	4.0%	11.0%	8.9%
Net Income	$1.6B	($289M)	$1.2B	$1.4B	$2.1B	$240M	$843M	$1.3B
Net Margin %	8.1%	-1.8%	7.6%	8.5%	12.8%	1.7%	5.4%	8.1%
EBITDA	$2.7B	$572M	$2.0B	$3.2B	$3.3B	$1.1B	$2.0B	$2.4B
Earnings Per Share (EPS)	$2.44	$-0.44	$1.86	$2.17	$3.27	$0.37	$1.29	$1.97
Shares Outstanding (M)	657M	652M	656M	653M	652M	652M	652M	647M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DAL Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$8.1B	$8.3B	$8.0B	$6.5B	$6.4B	$3.3B	($3.8B)	$8.4B	$7.0B	$5.1B	$7.2B	$7.9B	$4.9B	$4.5B	$2.5B	$2.8B	$2.8B	$1.4B	($1.7B)	$1.4B	$993M
Capital Expenditures (CapEx)	$4.5B	$4.5B	$5.1B	$5.3B	$6.4B	$3.2B	$1.9B	$4.9B	$5.2B	$3.9B	$3.4B	$2.9B	$2.2B	$2.6B	$2.0B	$1.3B	$1.3B	$1.2B	$1.5B	$1.1B	$413M
Free Cash Flow (FCF)	$3.7B	$3.8B	$2.9B	$1.1B	($2M)	$16M	($5.7B)	$3.5B	$1.8B	$1.3B	$3.8B	$5.0B	$2.7B	$1.9B	$508M	$1.6B	$1.5B	$177M	($3.2B)	$320M	$580M
FCF Margin %	5.4%	6.1%	4.7%	2.0%	-0.0%	0.1%	-33.3%	7.4%	4.2%	3.1%	9.7%	12.2%	6.7%	5.1%	1.4%	4.5%	4.7%	0.6%	-14.2%	1.7%	3.3%
Dividends Paid	$502M	$440M	$321M	$128M	$0M	$0M	$260M	$980M	$909M	$731M	$509M	$359M	$251M	$102M	$0M	$0M	—	—	—	$15M	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DAL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	$1.6B	$2.4B	$2.3B	$1.8B	$1.9B	$2.4B	$1.9B	$1.3B
Capital Expenditures (CapEx)	$1.2B	$1.2B	$907M	$1.2B	$1.2B	$1.2B	$1.3B	$1.3B
Free Cash Flow (FCF)	$395M	$1.2B	$1.4B	$687M	$648M	$1.2B	$584M	($54M)
FCF Margin %	2.0%	7.8%	8.5%	4.1%	3.9%	8.2%	3.8%	-0.3%
Dividends Paid	$129M	$129M	$122M	$122M	$97M	$99M	$96M	$97M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DAL Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$86.3B	$81.2B	$75.4B	$73.6B	$72.3B	$72.5B	$72.0B	$64.5B	$60.3B	$53.3B	$51.3B	$53.1B	$54.0B	$52.3B	$44.5B	$43.5B	$43.2B	$43.5B	$45.0B	$24.5B	$19.6B
Cash & Cash Equivalents	$4.7B	$4.3B	$3.1B	$2.7B	$3.3B	$7.9B	$8.3B	$2.9B	$1.6B	$1.8B	$2.8B	$2.0B	$2.1B	$2.8B	$2.4B	$2.7B	$2.9B	$4.6B	$4.3B	$2.9B	$2.0B
Total Liabilities	$64.5B	$60.4B	$60.1B	$62.5B	$65.7B	$68.6B	$70.5B	$49.2B	$46.6B	$41.1B	$39.0B	$42.3B	$45.2B	$40.6B	$46.7B	$44.9B	$42.3B	$43.5B	$44.2B	$22.3B	$33.2B
Total Debt (Short + Long-Term)	$14.8B	$15.7B	$17.0B	$20.8B	$23.7B	$27.6B	$29.8B	$12.0B	$10.7B	$8.8B	$7.3B	$8.3B	$9.7B	$11.3B	$12.7B	$25.6B	$15.3B	$17.2B	$21.2B	$11.3B	$8.0B
Total Shareholders' Equity	$21.8B	$20.8B	$15.3B	$11.1B	$6.6B	$3.9B	$1.5B	$15.4B	$13.7B	$12.5B	$12.3B	$10.8B	$8.8B	$11.6B	($2.1B)	($1.4B)	$897M	$245M	$874M	$10.1B	($13.6B)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DAL viewer.

Other Companies in Passenger Airlines

UAL · United Airlines Holdings — $38 billion
LUV · Southwest Airlines — $22 billion

← DAKT All stocks DAN →

About TickerBase · Data methodology & sources

TickerBase is provided for educational and informational purposes only. It does not constitute financial, investment, tax, or legal advice, or a recommendation to buy, sell, or hold any security. No price targets are published; any per-share value shown in the valuation workbench is generated entirely from reader-supplied assumptions and is not the publisher's view of fair value. Past performance does not predict future results. Figures are approximate and drawn from public filings; one-time items are noted where identified. Do your own research and consult a licensed professional before making any investment decision. The author may or may not hold positions in the securities discussed.