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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) Operating margin

Alert me on Operating margin

Delta Air Lines, Inc.'s operating margin over the twelve months to 30 September 2026 was 7.36%, down 1.8 percentage points from fiscal 2025 (9.19%). Over the past ten years it has ranged from −72.9% (fiscal 2020) to 19.2% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Airlines industry median of 4.18% and above the Industrials sector median of 5.13%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.19% (0.54)
FY2024 9.73% 0.22
FY2023 9.51% 2.27
FY2022 7.24% 0.93
FY2021 6.31% 79.25
FY2020 −72.9% (87.02)
FY2019 14.1% 2.23
FY2018 11.9% (2.65)
FY2017 14.5% (3.23)
FY2016 17.7% (1.44)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.20% (2.23)
Jun 2026 9.43% 6.27
Mar 2026 3.16% (6.01)
Dec 2025 9.17% (0.93)
43 more quarters

Against its own ten years

Low −72.9% High 19.2%
Ten-year median 9.73%
Current reading's percentile 26

Operating margin against peers

Company Operating margin
CPA Copa Holdings, S.A. compare 19.4%
LTM LATAM Airlines Group S.A. compare 15.0%
RYAAY Ryanair Holdings PLC compare 13.1%
UAL United Airlines Holdings Inc compare 7.74%
DAL Delta Air Lines, Inc. 7.36%
LUV Southwest Airlines Co. compare 3.46%
AAL American Airlines Group Inc. compare 1.73%
ALK Alaska Air Group, Inc. compare −1.52%
ZNH China Southern Airlines Company Limited compare −7.90%
Airlines industry median 4.18%
Industrials sector median 5.13%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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