DAL
Delta Air Lines Inc.Stock · IndustrialsS&P 500 Equal Weight 0.2% · S&P 500 0.09% · Russell 1000 0.09% · Russell 3000 0.09% · US Stock Market 0.08% · MSCI World 0.02% · MSCI ACWI 0.01%$79.91+2.13%
as of market close, Sep 11, 2026
☾ AH — —
DAL financial statements
The full income statement, balance sheet, and cash-flow statement for Delta Air Lines Inc. (DAL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 645.4M2024-09 645.3M2024-12 646.0M2025-03 653.0M2025-06 652.9M2025-09 653.0M2025-12 653.1M2026-03 657.0M2026-06 657.6M+1.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 63.4B+2.8% | 61.6B+6.2% | 58.0B+14.8% | 50.6B+69.2% | 29.9B+74.9% | |
| Selling & marketing | 2.48B+0.0% | 2.48B+6.5% | 2.33B+23.4% | 1.89B+98.4% | 953M+48.2% | |
| Restructuring | — | — | — | -124M-552.6% | -19.0M-100.2% | |
| Amortization of intangibles | 8.00M-11.1% | 9.00M+0.0% | 9.00M+0.0% | 9.00M-10.0% | 10.0M+0.0% | |
| Operating income | 5.82B-2.9% | 6.00B+8.6% | 5.52B+50.8% | 3.66B+94.1% | 1.89B+115.1% | |
| Net interest income | — | — | -834M+19.0% | -1.03B+19.5% | -1.28B-37.7% | |
| Other non-operating income | -144M+37.9% | -232M+16.8% | -279M-269.1% | 165M+141.6% | -397M-389.8% | |
| Gain (loss) on equity securities | 1.21B+479.9% | -319M-125.3% | 1.26B+261.3% | -783M-1498.2% | 56.0M+153.3% | |
| Pre-tax income | 6.18B+32.8% | 4.66B-16.9% | 5.61B+193.0% | 1.91B+380.9% | 398M+102.6% | |
| Income tax | 1.18B-1.7% | 1.20B+20.2% | 999M+67.6% | 596M+405.1% | 118M+103.7% | |
| Net income | 5.00B+44.8% | 3.46B-25.0% | 4.61B+249.7% | 1.32B+370.7% | 280M+102.3% | |
| $7.66+43.7% | $5.33-25.7% | $7.17+248.1% | $2.06+368.2% | $0.44+102.3% | ||
| EPS (basic) | $7.72+43.2% | $5.39-25.2% | $7.21+248.3% | $2.07+370.5% | $0.44+102.3% | |
| Weighted-avg shares (basic) | 648M+1.1% | 641M+0.3% | 639M+0.2% | 638M+0.3% | 636M+0.0% | |
| Weighted-avg shares (diluted) | 654M+0.9% | 648M+0.8% | 643M+0.3% | 641M+0.0% | 641M+0.8% | |
| Dividends per share | $0.68+35.0% | $0.50+150.0% | $0.20 | $0.00 | $0.00-100.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 11.0B+11.4% | 9.84B-4.1% | 10.3B-21.1% | 13.0B-18.4% | 15.9B-8.4% | ||
| Cash & equivalents | 4.31B+40.4% | 3.07B+12.0% | 2.74B-16.1% | 3.27B-58.8% | 7.93B-4.5% | |
| Short-term investments | — | 0.00-100.0% | 1.13B-65.5% | 3.27B-3.5% | 3.39B-41.5% | |
| Accounts receivable | 2.85B-11.6% | 3.22B+3.0% | 3.13B-1.4% | 3.18B+32.1% | 2.40B+72.2% | |
| Prepaid expenses | 2.21B+4.0% | 2.12B+8.5% | 1.96B+4.3% | 1.88B+67.7% | 1.12B-5.2% | |
| 81.3B+7.9% | 75.4B+2.3% | 73.6B+1.9% | 72.3B-0.2% | 72.5B+0.6% | ||
| Operating lease right-of-use | 6.24B-6.0% | 6.64B-5.1% | 7.00B-0.5% | 7.04B-2.8% | 7.24B+26.2% | |
| Goodwill | 9.75B+0.0% | 9.75B+0.0% | 9.75B+0.0% | 9.75B+0.0% | 9.75B+0.0% | |
| Intangible assets | 5.97B-0.2% | 5.97B-0.1% | 5.98B-0.2% | 5.99B-0.1% | 6.00B-0.2% | |
| Deferred tax assets | 1.00M-98.9% | 95.0M-60.9% | 243M-25.2% | 325M-74.9% | 1.29B-34.9% | |
| Other non-current assets | 4.42B+62.8% | 2.71B+60.5% | 1.69B+34.4% | 1.26B-29.0% | 1.77B+30.7% | |
| Total non-current assets | 70.3B+7.4% | 65.5B+3.4% | 63.4B+6.9% | 59.3B+4.9% | 56.5B+3.5% | |
| 27.6B+3.6% | 26.7B+1.0% | 26.4B+1.8% | 25.9B+23.7% | 21.0B+31.6% | ||
| Accounts payable | 5.23B+12.4% | 4.65B+4.6% | 4.45B-12.9% | 5.11B+20.4% | 4.24B+49.3% | |
| Short-term & current debt | 1.37B-23.8% | 1.80B-31.4% | 2.63B+27.7% | 2.06B+36.8% | 1.50B+4.1% | |
| Current lease liability | 809M+6.0% | 763M+0.5% | 759M+6.3% | 714M+1.6% | 703M+3.7% | |
| Finance lease liability (current) | 233M-37.7% | 374M+4.5% | 358M+17.8% | 304M+8.6% | 280M-3.1% | |
| Long-term debt | 11.9B-11.9% | 13.5B-15.3% | 16.0B-17.3% | 19.3B-18.0% | 23.6B-11.1% | |
| Non-current lease liability | 5.35B-7.9% | 5.81B-10.1% | 6.47B-5.8% | 6.87B-2.7% | 7.06B+23.5% | |
| Operating lease liability (total) | 6.16B-6.3% | 6.58B-9.0% | 7.23B-4.7% | 7.58B-2.3% | 7.76B+21.4% | |
| Finance lease liability (total) | 805M-5.0% | 847M-41.3% | 1.44B-12.4% | 1.65B-10.2% | 1.84B+55.2% | |
| Finance lease liability | 572M+20.9% | 473M-56.4% | 1.09B-19.3% | 1.34B-13.6% | 1.56B+74.0% | |
| Deferred tax liabilities | 3.44B+58.3% | 2.18B+139.6% | 908M+3683.3% | 24.0M | — | |
| Other non-current liabilities | 3.99B+6.7% | 3.74B+5.1% | 3.56B-12.1% | 4.05B-7.9% | 4.40B-9.5% | |
| Total non-current liabilities | 32.8B-1.7% | 33.4B-7.5% | 36.1B-9.2% | 39.8B-16.5% | 47.6B-12.7% | |
| 20.9B+36.4% | 15.3B+37.7% | 11.1B+68.7% | 6.58B+69.3% | 3.89B+153.4% | ||
| Common stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 11.9B+1.2% | 11.7B+0.9% | 11.6B+1.0% | 11.5B+0.7% | 11.4B+1.7% | |
| Retained earnings | 13.3B+51.9% | 8.78B+55.5% | 5.65B+382.9% | 1.17B+890.5% | -148M+65.4% | |
| Treasury stock | 238M-5.2% | 251M-26.4% | 341M+8.9% | 313M+11.0% | 282M+8.9% | |
| Accumulated other comprehensive income | -4.13B+17.0% | -4.98B+14.8% | -5.84B-0.8% | -5.80B+18.6% | -7.13B+21.1% | |
| Total liabilities & equity | 81.3B+7.9% | 75.4B+2.3% | 73.6B+1.9% | 72.3B-0.2% | 72.5B+0.6% | |
| Common shares issued | 660M+0.8% | 655M-0.0% | 655M+0.4% | 652M+0.3% | 650M+0.4% | |
| Common shares outstanding | 660M+0.8% | 655M+0.0% | 655M+0.5% | 652M+0.3% | 650M+0.5% | |
| Shares outstanding (cover) | 653M+1.1% | 646M+0.4% | 643M+0.3% | 641M+0.2% | 640M+0.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 8.34B+4.0% | 8.03B+24.1% | 6.46B+1.6% | 6.36B+94.9% | 3.26B+186.1% | ||
| Depreciation & amortization | 2.44B-2.8% | 2.51B+7.3% | 2.34B+11.1% | 2.11B+5.5% | 2.00B-13.6% | |
| Intangible amortization | 8.00M-11.1% | 9.00M+0.0% | 9.00M+0.0% | 9.00M-10.0% | 10.0M+0.0% | |
| Deferred income taxes | 1.11B-4.0% | 1.16B+17.9% | 980M+65.8% | 591M+413.9% | 115M+103.7% | |
| Change in inventory | — | — | -121M-176.6% | 158M-50.3% | 318M+189.8% | |
| Other operating activities | -332M-303.7% | 163M+426.0% | -50.0M+78.0% | -227M-154.2% | 419M-38.5% | |
| -4.19B-12.0% | -3.74B-18.8% | -3.15B+54.5% | -6.92B-671.0% | -898M+90.3% | ||
| Capital expenditure | 4.50B-12.5% | 5.14B-3.4% | 5.32B-16.4% | 6.37B+96.1% | 3.25B+71.0% | |
| Free cash flow | 3.84B+33.2% | 2.88B+152.8% | 1.14B+38133.3% | -3.00M-117.6% | 17.0M+100.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | -589M-123.1% | -264M-187.0% | -92.0M+56.6% | -212M-762.5% | 32.0M+136.8% | |
| -3.08B+27.8% | -4.26B-25.5% | -3.39B+25.2% | -4.54B-17.7% | -3.85B-119.9% | ||
| Long-term debt issued | 2.21B | 0.00-100.0% | 878M | 0.00-100.0% | 1.90B-91.7% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 440M+37.1% | 321M+150.8% | 128M | 0.00 | 0.00-100.0% | |
| Other financing activities | -24.0M-271.4% | 14.0M+119.2% | -73.0M-21.7% | -60.0M-175.0% | 80.0M+139.6% | |
| Net change in cash | 1.08B+4053.8% | 26.0M+133.3% | -78.0M+98.5% | -5.10B-242.9% | -1.49B-123.5% | |
| Interest paid | 850M-15.1% | 1.00B-14.0% | 1.16B-7.7% | 1.26B-17.3% | 1.52B+100.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 45.3B+16.0% | 39.1B+51.0% | 25.9B+22.9% | 21.1B-15.8% | 25.0B-2.5% | |
| P/E | 9.1×-19.9% | 11.3×+48.5% | 7.6×-97.0% | 256.9×+187.7% | 89.3× | |
| P/S | 0.7×+12.8% | 0.6×+40.2% | 0.5×+0.0% | 0.5×-46.0% | 0.8×-44.3% | |
| P/B | 2.2×-14.9% | 2.6×-8.9% | 2.8×-38.9% | 4.6×-28.7% | 6.4×-61.5% | |
| P/FCF | 11.8×-12.9% | 13.5×-37.9% | 21.8×-64.1% | 60.7×-95.9% | 1471.1× | |
| Earnings yield | 11.0%+24.8% | 8.8%-32.7% | 13.1%+3275.8% | 0.39%-65.2% | 1.1% | |
| FCF yield | 8.5%+14.8% | 7.4%+61.1% | 4.6%+178.2% | 1.6%+2322.8% | 0.07% | |
| Dividend yield | 0.97%+17.7% | 0.83%+66.2% | 0.50% | 0.00% | 0.00%-100.0% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: DAL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DAL filings on SEC EDGAR → Not investment advice.