Delta Air Lines, Inc.
DAL- Exchange
- NYSE
- Industry
- Air Transportation, Scheduled
- SEC CIK
- 0000027904
In the last 90 days, Delta Air Lines, Inc. insiders filed 0 open-market purchases and 3 sales; 1,530 institutions reported holding it in 13F filings for Q2 2026, worth $54.3B in total; 3 superinvestors hold it, including Berkshire Hathaway and Harris Associates (Oakmark).
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 10, 2026, 1:04 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 10, 2025 | Jan 12, 2024 | Jan 13, 2023 | Jan 13, 2022 |
| Revenue | $63.4B | $61.6B | $58.0B | $50.6B | $29.9B |
| Operating income | $5.82B | $6.00B | $5.52B | $3.66B | $1.89B |
| Income tax | $1.18B | $1.20B | $999.0M | $596.0M | $118.0M |
| Net income | $5.00B | $3.46B | $4.61B | $1.32B | $280.0M |
| EPS, basic | $7.72 | $5.39 | $7.21 | $2.07 | $0.44 |
| EPS, diluted | $7.66 | $5.33 | $7.17 | $2.06 | $0.44 |
| Weighted shares, basic | 648.0M | 641.0M | 639.0M | 638.0M | 636.0M |
| Weighted shares, diluted | 654.0M | 648.0M | 643.0M | 641.0M | 641.0M |
| Margins and growth | |||||
| Operating margin | 9.2% | 9.7% | 9.5% | 7.2% | 6.3% |
| Net margin | 7.9% | 5.6% | 7.9% | 2.6% | 0.9% |
| Revenue growth, year over year | +2.8% | +6.2% | +14.8% | +69.2% | +74.9% |
| Net income growth, year over year | +44.8% | −25.0% | +249.7% | +370.7% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 10, 2025 | Jan 12, 2024 | Jan 13, 2023 | Jan 13, 2022 |
| Cash and equivalents | $4.31B | $3.07B | $2.74B | $3.27B | $7.93B |
| Short-term investments | – | $0 | $1.13B | $3.27B | $3.39B |
| Accounts receivable | $2.85B | $3.22B | $3.13B | $3.18B | $2.40B |
| Total current assets | $11.0B | $9.84B | $10.3B | $13.0B | $15.9B |
| Goodwill | $9.75B | $9.75B | $9.75B | $9.75B | $9.75B |
| Intangible assets | $5.97B | $5.97B | $5.98B | $5.99B | $6.00B |
| Total assets | $81.3B | $75.4B | $73.6B | $72.3B | $72.5B |
| Accounts payable | $5.23B | $4.65B | $4.45B | $5.11B | $4.24B |
| Short-term debt | $1.37B | $1.80B | $2.63B | $2.06B | $1.50B |
| Total current liabilities | $27.6B | $26.7B | $26.4B | $25.9B | $21.0B |
| Long-term debt | $11.9B | $13.5B | $16.0B | $19.3B | $23.6B |
| Shareholders' equity | $20.9B | $15.3B | $11.1B | $6.58B | $3.89B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 13, 2026 | Jan 10, 2025 | Jan 12, 2024 | Jan 13, 2023 | Jan 13, 2022 |
| Operating cash flow | $8.34B | $8.03B | $6.46B | $6.36B | $3.26B |
| Capital expenditures | $4.50B | $5.14B | $5.32B | $6.37B | $3.25B |
| Free cash flow | $3.84B | $2.88B | $1.14B | -$3.00M | $17.0M |
| Depreciation and amortization | $2.44B | $2.51B | $2.34B | $2.11B | $2.00B |
| Stock-based compensation | $313.0M | $236.0M | $180.0M | $150.0M | $149.0M |
| Dividends paid | $440.0M | $321.0M | $128.0M | $0 | $0 |
| Share buybacks | – | – | – | $0 | $0 |
| Investing cash flow | -$4.19B | -$3.74B | -$3.15B | -$6.92B | -$898.0M |
| Financing cash flow | -$3.08B | -$4.26B | -$3.39B | -$4.54B | -$3.85B |
| Net change in cash | $1.08B | $26.0M | -$78.0M | -$5.10B | -$1.49B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.5% | 0.4% | 0.3% | 0.3% | 0.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 657.9M | +0.8% | SEC |
| Jun 30, 2026 | 657.6M | +0.7% | SEC |
| Mar 31, 2026 | 657.0M | +0.6% | SEC |
| Jan 31, 2026 | 653.1M | +1.1% | SEC |
| Sep 30, 2025 | 653.0M | +1.2% | SEC |
| Jun 30, 2025 | 652.9M | +1.2% | SEC |
| Mar 31, 2025 | 653.0M | +1.2% | SEC |
| Jan 31, 2025 | 646.0M | +0.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.