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DELTA AIR LINES, INC.

DAL

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Passenger Air Traffic
-72210,7427,157-728-1,13010,0237,094-1,135-75610,1937,044-1,684
Product And Service Other Loyalty Program
2335,0104,876-4,417938,9784,314118938,5413,908106
Assets
Cash And Cash Equivalents At Carrying Value
4,6655,0534,3103,7913,3313,7113,0693,9694,1103,8772,7412,835
Short Term Investments
------081245891,1272,170
Receivables Net Current
4,3074,0902,8503,6123,7553,6523,2243,5503,8123,7483,1303,214
Assets Current
Assets Current
14,23613,66310,96811,23010,98211,2369,84411,06211,58811,57910,26912,255
Airline Related Inventory Net
2,5581,7671,6011,5431,5251,4861,4281,4671,4861,4521,3141,507
Prepaid Expense And Other Assets Current
2,7062,7532,2072,2842,3712,3872,1232,0682,0561,9131,9572,529
Property Plant And Equipment And Finance Lease Rig…
41,54440,58239,74339,37238,92638,17137,59536,86236,33935,91535,48634,593
Operating Lease Right Of Use Asset
6,1626,3006,2446,1986,3356,5426,6446,6866,8086,7857,0046,962
Goodwill
9,7539,7539,7539,7539,7539,7539,7539,7539,7539,7539,7539,753
Other Assets Noncurrent
4,6234,4734,4213,2192,8732,8492,7151,7561,7081,7091,6921,408
Intangible Assets Net Excluding Goodwill
5,9625,9645,9665,9685,9705,9725,9755,9775,9795,9815,9835,985
Assets Noncurrent
Assets Noncurrent
72,08570,76870,34968,39367,41366,10665,52864,30663,60963,39063,37560,992
Assets
86,32184,43181,31779,62378,39577,34275,37275,36875,19774,96973,64473,247
Liabilities And Stockhold…
Long Term Debt And Capital Lease Obligations Curre…
3,4423,0881,6052,1062,2202,9382,1753,3242,9502,8092,9831,981
Operating Lease Liability Current
869837809743745752763772775742759728
Accounts Payable Current
6,7385,9695,2265,0225,0634,8094,6504,5454,8764,5414,4465,320
Employee Related Liabilities Current
3,9353,6344,9064,4343,8223,3334,7624,1053,6553,0374,5614,003
Liabilities Current
Liabilities Current
33,60432,69927,62428,24928,55429,69926,67028,11828,75928,47826,41827,556
Short Term Non Bank Loans And Notes Payable
1,1001,1001,1001,1001,1001,1001,1001,1001,1001,1001,1001,100
Other Accrued Liabilities Current
2,2572,3191,9452,0252,2132,3191,8121,8481,9282,0381,6171,769
Long Term Debt And Capital Lease Obligations
10,51011,07612,50712,77312,83612,88614,01914,37315,03316,55517,07117,532
Operating Lease Liability Noncurrent
5,1635,2985,3535,3565,4795,7045,8145,9196,0536,2036,4686,558
Pension And Other Postretirement Defined Benefit P…
3,0663,1153,1563,0513,0873,1173,1443,4043,4533,5243,6013,618
Liabilities Noncurrent
Liabilities Noncurrent
30,90231,35632,84032,55232,40132,19633,40933,60434,05235,34036,12136,465
Deferred Income Tax Liabilities Net
3,9163,4963,4442,9612,6262,2292,1761,6751,410994908-
Other Liabilities Noncurrent
3,9203,9233,9943,9433,8003,7073,7443,6033,5073,5413,5614,301
Common Stock Value
000000000000
Additional Paid In Capital Common Stock
12,01611,94411,88311,79111,74411,69811,74011,68611,64711,68811,64111,613
Retained Earnings Accumulated Deficit
14,26912,93113,34312,12610,8338,9258,7837,9406,7655,6225,6503,613
Accumulated Other Comprehensive Income Loss Net Of…
-4,074-4,106-4,135-4,858-4,899-4,938-4,979-5,691-5,740-5,793-5,845-5,660
Treasury Stock Common Value
-396-393-238-237-238-238-251-289-286-366-341-340
Treasury Stock Value
-----------341-
Liabilities And Stockholders Equity
86,32184,43181,31779,62378,39577,34275,37275,36875,19774,96973,64473,247
Allowance For Doubtful Accounts Receivable Current
131313161718181716161717
Airline Related Inventory Valuation Reserves
137132124118112128120130129124123128
Stockholders Equity
Stockholders Equity
21,81520,37620,85318,82217,44015,44715,29313,64612,38611,15111,1059,226
Property Plant And Equipment And Finance Lease Rig…
25,89825,43924,71924,27323,79723,70823,22822,96422,47722,15621,70721,235
Finite Lived Intangible Assets Accumulated Amortiz…
932930928926924922919917915913911909
Common Stock Par Or Stated Value Per Share
000000000000
Common Stock Shares Authorized
1,5001,5001,5001,5001,5001,5001,5001,5001,5001,5001,5001,500
Common Stock Shares Issued
666666660659659659655655655657655655
Treasury Stock Common Shares
996677899121111

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
20261.32%21.47%36.33%0.06%--------
2025-0.16%9.63%12.35%-9.60%9.19%1.09%-3.38%7.93%19.30%-17.15%-6.27%-3.15%
202411.48%10.55%2.79%-11.16%-5.23%14.96%16.11%26.90%21.81%-17.51%-42.33%-31.57%
2023----6.34%-9.98%-22.29%-5.12%8.25%14.45%4.34%13.77%27.34%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
0.42
0.42
0.40
0.40
0.38
0.38
0.37
0.39
0.40
0.41
0.39
0.44
Quick Ratio
0.34
0.33
0.32
0.32
0.30
0.30
0.29
0.32
0.33
0.34
0.31
0.35
Working Capital
-19.37B
-19.04B
-16.66B
-17.02B
-17.57B
-18.46B
-16.83B
-17.06B
-17.17B
-16.90B
-16.15B
-15.30B
Leverage & Debt
Debt to Equity
2.96
3.14
2.90
3.23
3.50
4.01
3.93
4.52
5.07
5.72
5.63
6.94
Interest Coverage TTM
8.85
8.84
8.57
8.64
8.21
8.25
8.03
5.60
6.04
6.17
5.20
6.56
Debt Ratio
0.75
0.76
0.74
0.76
0.78
0.80
0.80
0.82
0.84
0.85
0.85
0.87
Efficiency & Turnover
Asset Turnover TTM
0.83
0.81
0.81
0.81
0.81
0.81
0.83
0.81
0.81
0.80
0.80
0.79
Days Sales Outstanding TTM
21.55
21.68
17.49
20.77
22.30
21.81
18.81
20.47
21.05
21.55
19.83
20.11
Receivables Turnover TTM
16.94
16.84
20.86
17.57
16.37
16.74
19.40
17.83
17.34
16.94
18.41
18.15
Per Share Metrics
Diluted EPS TTM
6.00
6.87
7.65
7.08
6.88
5.61
5.33
7.19
6.92
7.77
7.17
5.28
Free Cash Flow Per Share TTM
12.44
12.88
12.87
12.29
11.41
12.41
12.52
10.41
10.11
10.37
10.12
11.12
Dividend Per Share TTM
0.76
0.72
0.68
0.64
0.60
0.55
0.50
0.45
0.40
0.40
0.30
0.20
Margin Metrics
Gross Profit Margin TTM
73.15%
72.42%
72.35%
72.89%
72.80%
73.44%
73.78%
73.80%
74.50%
74.57%
74.84%
75.71%
Operating Profit Margin TTM
8.08%
8.83%
9.19%
9.65%
9.34%
9.61%
9.73%
9.29%
10.29%
10.86%
9.51%
9.90%
Net Profit Margin TTM
5.78%
6.87%
7.90%
7.36%
7.24%
5.91%
5.61%
7.71%
7.46%
8.48%
7.94%
5.94%
Growth Metrics
Net Revenue Growth (1Y)
10.27%
5.24%
2.79%
4.34%
3.01%
4.91%
6.19%
5.32%
7.84%
9.34%
14.76%
22.83%
Net Income Growth (1Y)
-11.93%
22.30%
44.78%
-0.45%
-0.04%
-26.93%
-24.99%
36.79%
50.22%
164.33%
249.70%
3,996.39%
EPS Growth (1Y)
-12.60%
20.79%
43.21%
-1.68%
-1.28%
-27.39%
-25.23%
36.37%
49.75%
163.91%
249.15%
3,989.97%
Valuation Metrics
P/E TTM
15.47
9.63
8.92
7.87
7.01
7.54
11.00
6.84
6.60
5.95
5.41
6.73
P/B TTM
2.80
2.12
2.14
1.94
1.80
1.79
2.49
2.33
2.39
2.67
2.25
2.48
P/S TTM
0.89
0.66
0.70
0.58
0.51
0.45
0.62
0.53
0.49
0.50
0.43
0.40
Market Cap
61.10B
43.12B
44.62B
36.43B
31.46B
27.60B
38.02B
31.83B
29.62B
29.79B
24.94B
22.87B
Enterprise Value
70.28B
52.05B
54.23B
47.34B
42.99B
39.48B
50.79B
45.24B
43.10B
44.77B
41.59B
39.41B
Calculated Values
Free Cash Flow TTM
8.13B
8.40B
8.34B
7.98B
7.40B
8.00B
8.03B
6.68B
6.48B
6.64B
6.46B
7.11B
Net Debt
9.18B
8.93B
9.61B
10.91B
11.53B
11.88B
12.77B
13.41B
13.48B
14.99B
16.66B
16.54B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-27Sale
Owner: Ausband, Allison C
Title: EVP & Chief People Officer
Shares: 5,000
Price/Share: $80.90
Value: $404,500.00
Shares Owned: 128,854
Relationship: Officer
Ownership: Direct
2026-05-27Sale
Owner: Bellemare, Alain
Title: EVP & Pres. - International
Shares: 25,000
Price/Share: $81.44
Value: $2,036,000.00
Shares Owned: 95,025
Relationship: Officer
Ownership: Direct
2026-05-22Sale
Owner: Ausband, Allison C
Title: EVP & Chief People Officer
Shares: 9,710
Price/Share: $76.00
Value: $737,960.00
Shares Owned: 138,854
Relationship: Officer
Ownership: Direct
2026-05-07Sale
Owner: Bellemare, Alain
Title: EVP & Pres. - International
Shares: 20,621
Price/Share: $72.75
Value: $1,500,177.75
Shares Owned: 120,025
Relationship: Officer
Ownership: Direct
2026-04-14Sale
Owner: Laughter, John E
Title: EVP & Chief of Operations
Shares: 15,000
Price/Share: $71.61
Value: $1,074,150.00
Shares Owned: 54,369
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
85.37%
Inst. Shares: 556,604,616
Shares Outstanding: 652,000,000
2025-12-31
83.10%
Inst. Shares: 538,500,657
Shares Outstanding: 648,000,000
2025-09-30
79.76%
Inst. Shares: 517,673,621
Shares Outstanding: 649,000,000
2025-06-30
78.73%
Inst. Shares: 510,958,868
Shares Outstanding: 649,000,000
2025-03-31
80.32%
Inst. Shares: 517,233,929
Shares Outstanding: 644,000,000

DELTA AIR LINES, INC. (DAL) — SEC Financial Statements & Analysis

DELTA AIR LINES, INC. (DAL) is a air transportation, scheduled company, incorporated in DE. DELTA AIR LINES, INC. trades on NYSE as: DAL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), DELTA AIR LINES, INC. reported a 10.27% year-over-year revenue growth, a Gross Profit Margin of 73.15% (TTM), a Debt-to-Equity ratio of 2.96x, a Price-to-Sales (P/S) ratio of 0.89x (TTM), a Price-to-Book (P/B) ratio of 2.80x (TTM), at a market cap of $61.10B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
10.27%
Gross Profit Margin TTM
73.15%
Debt To Equity
2.96x
P/S TTM
0.89x
P/B TTM
2.80x
Market Cap
$61.10B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is DELTA AIR LINES, INC. in?

DELTA AIR LINES, INC. (DAL) operates in the Air Transportation, Scheduled industry.

What is DAL's market cap?

DELTA AIR LINES, INC. (DAL) has a market capitalization of $61.10B as of 2026-06-30.

What is DAL's P/E ratio?

DELTA AIR LINES, INC. (DAL)'s trailing twelve month P/E ratio is 15.47x as of 2026-06-30.

What exchange does DAL trade on?

DELTA AIR LINES, INC. (DAL) trades on the NYSE.

Where is DELTA AIR LINES, INC. incorporated?

DELTA AIR LINES, INC. is incorporated in DE.

Wall Street's data.
Main Street's price.