Delta Air Lines, Inc. (DAL) Financials
Key financial figures for Delta Air Lines, Inc. (Q3 2026).
Delta's September-quarter adjusted EPS of $1.72 came in below its own $2.00-$2.50 July guide as fuel overran, and it lowered full-year EPS guidance to $5.10-$5.60 from $6.50-$7.50. Versus company guidance (July release): Adjusted EPS of $1.72 (vs $1.70 a year earlier) was below the $2.00-$2.50 guide; adjusted operating margin of 9.4% (vs 11.1%) was below the 11-13% guide; adjusted revenue grew 16%, consistent with the mid-teens guide. Fuel was the driver: Adjusted fuel price was $3.61 per gallon (+60% YoY) against a projected all-in price of about $3.15 in July; the CFO said Delta absorbed more than $500 million of higher fuel cost than its early-July guidance assumed. On the outlook: December quarter 2026: total revenue growth of approximately 20%, operating margin 7% to 9%, EPS $1.15 to $1.65, assuming an all-in fuel price of approximately $4.25 per gallon including a refinery benefit of about $0.40 per gallon. Full year 2026: EPS $5.10 to $5.60 (July guide: $6.50 to $7.50), free cash flow of approximately $2.5 billion (July: $3 to $4 billion), gross leverage of approximately 2.2x, and debt paydown of more than $2 billion. Figures are for Q3 2026, as Delta Air Lines, Inc. reported them.
- Revenue
- $20.2B
- Net Income
- $756M
- EPS
- $1.15
- Total Assets
- $86.0B
- Operating Cash Flow
- $1.7B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $20.2B | $756M | $1.15 | 7.2% | $300M |
| Q2 FY2026 | $19.8B | $1.6B | $2.44 | 9.43% | |
| Q1 FY2026 | $15.9B | -$289M | -$0.44 | 3.16% | $1.2B |
| Q4 FY2025 | $16.0B | $1.2B | $1.86 | 9.17% | $1.4B |
| Q3 FY2025 | $16.7B | $1.4B | $2.17 | 10.1% | $687M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $63.4B | $5.0B | $7.66 | 9.19% | $3.8B |
| FY2024 | $61.6B | $3.5B | $5.33 | 9.73% | $2.9B |
| FY2023 | $58.0B | $4.6B | $7.17 | 9.51% | $1.1B |
Frequently asked questions
What was Delta Air Lines, Inc.'s revenue last quarter?
Delta Air Lines, Inc. reported revenue of $20.19 billion for Q3 FY2026, up 21.1% from the same period a year earlier.
Is Delta Air Lines, Inc. profitable?
Yes. Delta Air Lines, Inc. reported net income of $756.0 million for Q3 FY2026, a net margin of 3.75% on revenue.
How has Delta Air Lines, Inc.'s margin trended?
Operating margin was 7.2% in Q3 FY2026, compared with 10.1% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Delta Air Lines, Inc. generate?
Delta Air Lines, Inc. generated free cash flow of $300.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Delta Air Lines, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.