Rankings
▼
Calendar
DAL (Delta Air Lines, Inc.) Stock Financials & Earnings | Market Cap Arena
DAL
Delta Air Lines, Inc.
Mkt Cap
$39B
Industrials
·
Airlines, Airports & Air Services
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$63.4B
Net Income (TTM)
$5.0B
EPS (TTM)
$7.66
Free Cash Flow (TTM)
$3.8B
Gross Margin
24.5%
Op. Margin
9.2%
Net Margin
7.9%
FCF Margin
6.1%
P/S Ratio (TTM)
0.6x
P/E Ratio (TTM)
7.8x
YoY Rev Growth
+2.8%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Next: Q1 2026 · Apr 8
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$12.8B
$1.8B
-$277M
Q2 23
$15.6B
$4.7B
$2.5B
Q3 23
$15.5B
$4.2B
$2.0B
Q4 23
$14.2B
$3.5B
$1.3B
Q1 24
$13.7B
$2.8B
$614M
Q2 24
$16.7B
$5.1B
$2.3B
Q3 24
$15.7B
$4.1B
$1.4B
Q4 24
$15.6B
$4.4B
$1.7B
Q1 25
$14.0B
$3.0B
$569M
Q2 25
$16.6B
$5.0B
$2.1B
Q3 25
$16.7B
$3.9B
$1.7B
Q4 25
$16.0B
$3.6B
$1.5B
marketcaparena.com
Revenue Breakdown
DAL
Delta Air Lines, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.7x
20.7x
Q2 23
0.7x
13.2x
Q3 23
0.7x
11.6x
Q4 23
0.7x
8.5x
Q1 24
0.7x
7.8x
Q2 24
0.7x
8.8x
Q3 24
0.7x
8.4x
Q4 24
0.6x
11.4x
Q1 25
0.6x
10.7x
Q2 25
0.6x
8.8x
Q3 25
0.6x
8.5x
Q4 25
0.6x
7.8x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$2.2B
$1.2B
Q2 23
$2.6B
$1.2B
Q3 23
$1.1B
-$193M
Q4 23
$545M
-$1.1B
Q1 24
$2.4B
$1.2B
Q2 24
$2.4B
$1.1B
Q3 24
$1.3B
-$54M
Q4 24
$1.9B
$584M
Q1 25
$2.4B
$1.2B
Q2 25
$1.9B
$648M
Q3 25
$1.8B
$687M
Q4 25
$2.3B
$1.4B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$1.0B
Q2 23
$1.5B
Q3 23
$1.3B
Q4 23
$1.6B
Q1 24
$1.2B
Q2 24
$1.3B
Q3 24
$1.3B
Q4 24
$1.3B
Q1 25
$1.2B
Q2 25
$1.2B
Q3 25
$1.2B
Q4 25
$908M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+36.5%
+28.7%
Q2 23
+12.7%
+6.4%
Q3 23
+10.8%
+7.9%
Q4 23
+5.9%
+7.8%
Q1 24
+7.8%
+0.8%
Q2 24
+6.9%
+10.0%
Q3 24
+1.2%
+5.7%
Q4 24
+9.4%
+7.3%
Q1 25
+2.1%
+2.6%
Q2 25
-0.1%
+1.1%
Q3 25
+6.4%
+5.0%
Q4 25
+2.9%
+5.0%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$0
0.0%
Q2 23
$0
0.0%
Q3 23
$0
0.0%
Q4 23
$180M
1.3%
Q1 24
$0
0.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$0
0.0%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
—
$500M
Q2 23
—
$651M
Q3 23
—
$618M
Q4 23
$61M
$564M
Q1 24
$125M
$550M
Q2 24
$519M
$672M
Q3 24
$320M
$643M
Q4 24
$425M
$620M
Q1 25
$124M
$552M
Q2 25
$470M
$673M
Q3 25
$392M
$645M
Q4 25
—
$616M
marketcaparena.com
Revenue Segments
Airline
Refinery
Quarter
Airline
Refinery
Q2 24
$15.4B
$2.1B
Q4 24
$14.4B
$1.8B
Q1 25
$13.0B
$1.7B
Q2 25
$15.5B
$1.7B
Q3 25
$15.2B
$1.8B
Q4 25
$14.6B
$1.7B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$3.2B
$3.4B
$6.6B
Q2 23
$2.7B
$3.4B
$6.0B
Q3 23
$2.8B
$2.2B
$5.0B
Q4 23
$2.7B
$1.1B
$3.9B
Q1 24
$3.9B
$589M
$4.5B
Q2 24
$4.1B
$124M
$4.2B
Q3 24
$4.0B
$8M
$4.0B
Q4 24
$3.1B
$0
$3.1B
Q1 25
$3.7B
$0
$3.7B
Q2 25
$3.3B
$0
$3.3B
Q3 25
$3.8B
$0
$3.8B
Q4 25
$4.3B
$0
$4.3B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
639M
-0.3%
Q2 23
642M
+0.5%
Q3 23
644M
+0.3%
Q4 23
644M
+0.0%
Q1 24
645M
+0.2%
Q2 24
648M
+0.5%
Q3 24
647M
-0.2%
Q4 24
652M
+0.8%
Q1 25
652M
+0.0%
Q2 25
652M
+0.0%
Q3 25
653M
+0.2%
Q4 25
656M
+0.5%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$505K
80K
FY 15
$490K
83K
FY 16
$470K
84K
FY 17
$473K
87K
FY 18
$499K
89K
FY 19
$517K
91K
FY 20
$231K
74K
FY 21
$360K
83K
FY 22
$532K
95K
FY 23
$564K
103K
FY 24
$598K
103K
FY 25
$615K
103K
marketcaparena.com