Delta Air Lines, Inc. (DAL) Financial Statements
Industry: Air Transportation, Scheduled
In fiscal 2025, Delta Air Lines reported revenue of $63.36B, up 2.8% from $61.64B the year before. Net income was $5.00B (a 7.9% net margin), or $7.66 per diluted share. Gross margin was 9.2% and operating margin was 9.2%. Operating activities generated $8.34B of cash, leaving $3.84B of free cash flow. At fiscal year end, Delta Air Lines held $81.32B in total assets against $60.46B in total liabilities, including $4.31B of cash and equivalents.
Open the full interactive Delta Air Lines financials → Quarterly statements, key ratios, valuation history and price charts.
Delta Air Lines Key Stats
| Share Price | $79.57 |
|---|---|
| Market Cap | $52.44B |
| P/E Ratio | 10.4 |
| Dividend Yield | 1.23% |
| Revenue YoY Growth | +2.8% |
| 52-Week Range | $55.22 – $93.43 |
| Shares Outstanding | 655.0 million (basic, 2026 Q3) |
Delta Air Lines Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.09B | $29.90B | $50.58B | $58.05B | $61.64B | $63.36B |
| Cost of Goods Sold | $29.56B | $28.01B | $46.92B | $52.53B | $55.65B | $57.54B |
| Gross Profit | -$12.47B | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B |
| Operating Income | -$12.47B | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B |
| Pre-Tax Income | -$15.59B | $398.0M | $1.91B | $5.61B | $4.66B | $6.18B |
| Income Tax | -$3.20B | $118.0M | $596.0M | $999.0M | $1.20B | $1.18B |
| Net Income | -$12.38B | $280.0M | $1.32B | $4.61B | $3.46B | $5.00B |
| Diluted EPS | -$19.49 | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 |
Delta Air Lines Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $16.00B | $15.85B | $19.76B | $20.19B |
| Net Income | $1.22B | -$289.0M | $1.60B | $756.0M |
| Diluted EPS | $1.86 | -$0.44 | $2.44 | $1.15 |
Delta Air Lines Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.31B | $7.93B | $3.27B | $2.74B | $3.07B | $4.31B |
| Current Assets | $17.40B | $15.94B | $13.01B | $10.27B | $9.84B | $10.97B |
| Total Assets | $72.00B | $72.46B | $72.29B | $73.64B | $75.37B | $81.32B |
| Current Liabilities | $15.93B | $20.97B | $25.94B | $26.42B | $26.67B | $27.62B |
| Total Long-Term Debt | $28.26B | $25.36B | $21.68B | $18.97B | $15.72B | $13.54B |
| Total Liabilities | $70.46B | $68.57B | $65.71B | $62.54B | $60.08B | $60.46B |
| Shareholders' Equity | $1.53B | $3.89B | $6.58B | $11.11B | $15.29B | $20.85B |
Delta Air Lines Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$3.79B | $3.26B | $6.36B | $6.46B | $8.03B | $8.34B |
| Cash From Investing | -$9.24B | -$898.0M | -$6.92B | -$3.15B | -$3.74B | -$4.19B |
| Cash From Financing | $19.36B | -$3.85B | -$4.54B | -$3.39B | -$4.26B | -$3.08B |
| Free Cash Flow | -$5.69B | $17.0M | -$3.0M | $1.14B | $2.88B | $3.84B |
| Dividends Paid | $260.0M | $0 | $0 | $128.0M | $321.0M | $440.0M |
Figures from Delta Air Lines' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Delta Air Lines financials page for every line item.
Delta Air Lines Company Profile
| Ticker | DAL |
|---|---|
| Exchange | NYSE |
| Industry | Air Transportation, Scheduled |
| Headquarters | Atlanta, Georgia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000027904 |
Frequently Asked Questions
What was Delta Air Lines' revenue in fiscal 2025?
Delta Air Lines (DAL) reported revenue of $63.36B for fiscal 2025.
What is Delta Air Lines' annual revenue history?
Delta Air Lines' annual revenue by fiscal year: 2020: $17.09B; 2021: $29.90B; 2022: $50.58B; 2023: $58.05B; 2024: $61.64B; 2025: $63.36B.
What was Delta Air Lines' net income in fiscal 2025?
Delta Air Lines reported net income of $5.00B for fiscal 2025.
What was Delta Air Lines' earnings per share (EPS) in fiscal 2025?
Delta Air Lines' diluted EPS was $7.66 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Delta Air Lines generate in fiscal 2025?
Delta Air Lines generated $3.84B of free cash flow in fiscal 2025.
What was Delta Air Lines' revenue last quarter?
In its most recent reported quarter (2026 Q3), Delta Air Lines reported revenue of $20.19B.
How much debt does Delta Air Lines have?
Delta Air Lines reported $13.54B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Delta Air Lines are outstanding?
Delta Air Lines reported a weighted average of 655.0 million basic shares outstanding in 2026 Q3.
What is Delta Air Lines' market cap?
Based on its latest closing price, Delta Air Lines (DAL) has a market capitalization of about $52.44B.
When does Delta Air Lines' fiscal year end?
Delta Air Lines' fiscal year end, as registered with the SEC, is December 31.
Where is Delta Air Lines headquartered?
Delta Air Lines lists its business address in Atlanta, Georgia in its SEC filings.