Delta Air Lines Inc financials

Key figures from Delta Air Lines Inc's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricSep 2026Sep 2025Change
Revenue$20.2B$16.7B+21.1%
Net income$756M$1.4B-46.6%
Free cash flow$1.5B$687M+118.3%
Gross margin———
Operating margin7.2%10.1%-2.9 pts
Net margin3.7%8.5%-4.8 pts

Quarterly trend

Revenue by quarter
$14.2BDec 2023*$13.7BMar 2024$16.7BJun 2024$15.7BSep 2024$15.6BDec 2024*$14.0BMar 2025$16.6BJun 2025$16.7BSep 2025$16.0BDec 2025*$15.9BMar 2026$19.8BJun 2026$20.2BSep 2026
Net income by quarter
$2.0BDec 2023*$37MMar 2024$1.3BJun 2024$1.3BSep 2024$843MDec 2024*$240MMar 2025$2.1BJun 2025$1.4BSep 2025$1.2BDec 2025*-$289MMar 2026$1.6BJun 2026$756MSep 2026
Free cash flow by quarter
-$1.1BDec 2023*$1.2BMar 2024$1.1BJun 2024-$54MSep 2024$584MDec 2024*$1.2BMar 2025$648MJun 2025$687MSep 2025$1.4BDec 2025*$1.2BMar 2026$2.4BJun 2026$1.5BSep 2026
Margins by quarter
-4%6%17%Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 2026Sep 20269.3%4.5%13.6%8.9%11.0%4.1%12.6%10.1%9.2%3.2%9.4%7.2%14.3%0.3%7.8%8.1%5.4%1.7%12.8%8.5%7.6%-1.8%8.1%3.7%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$63.4B$5.0B7.9%$3.8B$7.66
FY Dec 2024$61.6B$3.5B5.6%$2.9B$5.33
FY Dec 2023$58.0B$4.6B7.9%$1.1B$7.17
FY Dec 2022$50.6B$1.3B2.6%-$3M$2.06
FY Dec 2021$29.9B$280M0.9%$17M$0.44

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.