Delta Air Lines financials
$84.87+1.00%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63.36B | $61.64B | $58.05B | $50.58B | $29.90B | $17.09B | $47.01B | $44.44B | $41.14B | $39.45B |
| Gross profit | $61.51B | $59.85B | $56.30B | $49.13B | $29.14B | $13.37B | $37.18B | $34.24B | $33.26B | $32.50B |
| Gross margin | 97.1% | 97.1% | 97.0% | 97.1% | 97.5% | 78.2% | 79.1% | 77.1% | 80.8% | 82.4% |
| Operating income | $5.82B | $6.00B | $5.52B | $3.66B | $1.89B | -$12.25B | $6.55B | $5.26B | $5.97B | $7.00B |
| Net income | $5.00B | $3.46B | $4.61B | $1.32B | $280.0M | -$12.38B | $4.77B | $3.94B | $3.21B | $4.20B |
| Net margin | 7.9% | 5.6% | 7.9% | 2.6% | 0.9% | −72.4% | 10.1% | 8.9% | 7.8% | 10.6% |
| Diluted EPS | $7.66 | $5.33 | $7.17 | $2.06 | $0.44 | $-19.49 | $7.30 | $5.67 | $4.43 | $5.55 |
| EBITDA | $14.25B | $13.92B | $12.03B | $5.77B | $3.88B | -$1.72B | $9.13B | $7.59B | $8.19B | $8.88B |
| Operating cash flow | $8.34B | $8.03B | $6.46B | $6.36B | $3.26B | -$3.79B | $8.43B | $7.01B | $5.02B | $7.21B |
| Free cash flow | $3.84B | $2.88B | $1.14B | -$3.0M | $17.0M | -$5.69B | $3.49B | $1.85B | $1.13B | $3.82B |
| Diluted shares | 654.0M | 648.0M | 643.0M | 641.0M | 641.0M | 635.5M | 653.0M | 694.0M | 723.0M | 755.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.31B | $3.07B | $2.74B | $3.27B | $7.93B | $8.31B |
| Short-term investments | $0.00 | $0.00 | $1.13B | $3.27B | $3.39B | $5.79B |
| Total debt | $15.21B | $17.29B | $21.15B | $24.13B | $28.02B | $30.26B |
| Total assets | $81.32B | $75.37B | $73.64B | $72.29B | $72.46B | $72.00B |
| Total liabilities | $60.46B | $60.08B | $62.54B | $65.71B | $68.57B | $70.46B |
| Shareholders' equity | $20.85B | $15.29B | $11.11B | $6.58B | $3.89B | $1.53B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology