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Saturday 17 October 2026 Export DAL’s income statement to Excel — free account

Delta Air Lines, Inc.

DAL Industrials Airlines

Delta Air Lines, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $63.4 billion, up 2.79% from fiscal 2024. In the quarter to September 2026, revenue grew 21.1%, EPS fell 47.3%, free cash flow fell 56.4% and total debt fell 13.6%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five.

75.37 2.71 −3.47%
Market cap
$51.4B
P/E
15.0×
Fwd P/E
16.9×
Dividend yield
1.07%
F-score
6/9
Altman Z
1.45
Beneish M
−2.73
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Delta Air Lines, Inc. (DAL) Net margin

Alert me on Net margin

Delta Air Lines, Inc.'s net margin over the twelve months to 30 September 2026 was 4.58%, down 3.3 percentage points from fiscal 2025 (7.90%). Over the past ten years it has ranged from −72.5% (fiscal 2020) to 11.1% (fiscal 2015); the current reading is higher than 55% of that period. That is above the Airlines industry median of 1.85% and above the Industrials sector median of 2.22%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 7.90% 2.29
FY2024 5.61% (2.33)
FY2023 7.94% 5.33
FY2022 2.61% 1.67
FY2021 0.94% 73.39
FY2020 −72.5% (82.59)
FY2019 10.1% 1.28
FY2018 8.86% 1.07
FY2017 7.79% (2.84)
FY2016 10.6% (0.49)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 3.75% (4.37)
Jun 2026 8.12% 9.94
Mar 2026 −1.82% (9.43)
Dec 2025 7.61% (0.89)
43 more quarters

Against its own ten years

Low −72.5% High 11.1%
Ten-year median 7.90%
Current reading's percentile 30

Net margin against peers

Company Net margin
CPA Copa Holdings, S.A. compare 15.7%
RYAAY Ryanair Holdings PLC compare 12.2%
LTM LATAM Airlines Group S.A. compare 9.85%
UAL United Airlines Holdings Inc compare 5.56%
DAL Delta Air Lines, Inc. 4.58%
LUV Southwest Airlines Co. compare 2.79%
AAL American Airlines Group Inc. compare −0.56%
ALK Alaska Air Group, Inc. compare −1.19%
ZNH China Southern Airlines Company Limited compare −9.08%
Airlines industry median 1.85%
Industrials sector median 2.22%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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