Delta Air Lines, Inc. (DAL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 15.85B | 16B | 16.67B | 16.65B | 14.04B | 15.56B | 15.68B | 16.66B | 13.75B | 14.22B | 15.49B | 15.58B | 12.76B | 13.44B | 13.97B | 13.82B | 9.35B | 9.47B | 9.15B | 7.13B |
| Revenue Growth % | 12.92% | 2.85% | 6.35% | -0.06% | 2.12% | 9.39% | 1.22% | 6.93% | 7.75% | 5.87% | 10.83% | 12.69% | 36.49% | 41.87% | 52.67% | 93.99% | 125.25% | 138.36% | 198.95% | 385.42% |
| Cost of Goods Sold | 11.31B | 12.43B | 12.76B | 11.61B | 11.03B | 11.12B | 11.53B | 11.54B | 10.9B | 10.73B | 11.3B | 10.91B | 10.96B | 10.16B | 10.61B | 10.55B | 8.66B | 7.81B | 7.44B | 6.68B |
| COGS % of Revenue | 71.37% | 77.64% | 76.52% | 69.74% | 78.54% | 71.44% | 73.55% | 69.27% | 79.28% | 75.48% | 72.97% | 70.05% | 85.92% | 75.65% | 75.89% | 76.33% | 92.67% | 82.51% | 81.27% | 93.8% |
| Gross Profit | 4.54B | 3.58B | 3.91B | 5.04B | 3.01B | 4.44B | 4.15B | 5.12B | 2.85B | 3.49B | 4.19B | 4.67B | 1.8B | 3.27B | 3.37B | 3.27B | 685M | 1.66B | 1.72B | 442M |
| Gross Margin % | 28.63% | 22.36% | 23.48% | 30.26% | 21.46% | 28.56% | 26.45% | 30.73% | 20.72% | 24.52% | 27.03% | 29.95% | 14.08% | 24.35% | 24.11% | 23.67% | 7.33% | 17.49% | 18.73% | 6.2% |
| Gross Profit Growth % | 50.65% | -19.49% | -5.6% | -1.58% | 5.79% | 27.41% | -0.98% | 9.73% | 58.57% | 6.63% | 24.28% | 42.57% | 162.19% | 97.52% | 96.44% | 640.27% | 140.85% | 249.86% | 208.07% | 114.67% |
| Operating Expenses | 4.04B | 2.11B | 2.23B | 2.94B | 2.44B | 2.73B | 2.75B | 2.85B | 2.23B | 2.17B | 2.2B | 2.17B | 2.07B | 1.8B | 1.91B | 1.75B | 1.47B | 1.39B | -490M | -374M |
| OpEx % of Revenue | 25.47% | 13.19% | 13.37% | 17.64% | 17.41% | 17.53% | 17.54% | 17.12% | 16.25% | 15.23% | 14.22% | 13.96% | 16.25% | 13.41% | 13.69% | 12.68% | 15.7% | 14.71% | -5.35% | -5.25% |
| Selling, General & Admin | 590M | 616M | 1.04B | 1.14B | 676M | 1.04B | 963M | 1.19B | 675M | 625M | 618M | 651M | 500M | 432M | 473M | 453M | 239M | -138M | 197M | 103M |
| SG&A % of Revenue | 3.72% | 3.85% | 6.22% | 6.87% | 4.81% | 6.72% | 6.14% | 7.15% | 4.91% | 4.39% | 3.99% | 4.18% | 3.92% | 3.22% | 3.38% | 3.28% | 2.56% | -1.46% | 2.15% | 1.45% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K |
| Operating Income | 501M | 1.47B | 1.68B | 2.1B | 569M | 1.72B | 1.4B | 2.27B | 614M | 1.32B | 1.98B | 2.49B | -277M | 1.47B | 1.46B | 1.52B | -783M | 263M | 2.21B | 816M |
| Operating Margin % | 3.16% | 9.17% | 10.1% | 12.63% | 4.05% | 11.04% | 8.91% | 13.61% | 4.47% | 9.29% | 12.81% | 15.99% | -2.17% | 10.94% | 10.42% | 10.99% | -8.38% | 2.78% | 24.09% | 11.45% |
| Operating Income Growth % | -11.95% | -14.56% | 20.54% | -7.28% | -7.33% | 29.88% | -29.59% | -8.99% | 321.66% | -10.07% | 36.26% | 63.99% | 64.62% | 458.94% | -33.97% | 86.15% | 43.99% | 130.65% | 134.53% | 116.95% |
| EBITDA | 1.14B | 2.09B | 2.9B | 2.7B | 1.18B | 2.35B | 2.04B | 2.89B | 1.23B | 1.93B | 2.58B | 3.06B | 287M | 2.02B | 1.99B | 2.03B | -277M | 767M | 2.71B | 1.32B |
| EBITDA Margin % | 7.17% | 13.04% | 17.42% | 16.24% | 8.38% | 15.12% | 13.01% | 17.33% | 8.94% | 13.58% | 16.65% | 19.67% | 2.25% | 15.07% | 14.27% | 14.68% | -2.96% | 8.1% | 29.56% | 18.48% |
| EBITDA Growth % | -3.4% | -11.27% | 42.4% | -6.34% | -4.31% | 21.74% | -20.87% | -5.78% | 328.22% | -4.55% | 29.29% | 51.01% | 203.61% | 163.89% | -26.31% | 54.06% | 69.43% | 313.65% | 146.32% | 131.16% |
| D&A (Non-Cash Add-back) | 635M | 620M | 1.22B | 602M | 607M | 635M | 643M | 620M | 615M | 610M | 594M | 573M | 564M | 554M | 538M | 510M | 506M | 504M | 501M | 501M |
| EBIT | -63M | 1.39B | 1.95B | 2.75B | 499M | 1.38B | 1.73B | 1.96B | 327M | 2.48B | 1.72B | 2.52B | -279M | 1.36B | 1.21B | 1.3B | -926M | -130M | 1.85B | 1.11B |
| Net Interest Income | -151M | -157M | -171M | -172M | -179M | -180M | -173M | -188M | -205M | -207M | -196M | -203M | -227M | -238M | -248M | -269M | -274M | -265M | -314M | -338M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 151M | 157M | 171M | 172M | 179M | 180M | 173M | 188M | 205M | 207M | 196M | 203M | 227M | 238M | 248M | 269M | 274M | 265M | 314M | 338M |
| Other Income/Expense | -715M | 46M | 93M | 472M | -249M | -515M | 164M | -494M | -492M | 953M | -463M | -174M | -229M | -350M | -494M | -486M | -417M | -658M | -673M | -40M |
| Pretax Income | -214M | 1.51B | 1.78B | 2.57B | 320M | 1.2B | 1.56B | 1.77B | 122M | 2.27B | 1.52B | 2.32B | -506M | 1.12B | 962M | 1.03B | -1.2B | -395M | 1.53B | 776M |
| Pretax Margin % | -1.35% | 9.45% | 10.66% | 15.46% | 2.28% | 7.73% | 9.96% | 10.64% | 0.89% | 16% | 9.82% | 14.87% | -3.97% | 8.34% | 6.88% | 7.47% | -12.84% | -4.17% | 16.74% | 10.89% |
| Income Tax | 75M | 294M | 360M | 444M | 80M | 359M | 289M | 468M | 85M | 238M | 413M | 490M | -143M | 291M | 267M | 298M | -260M | 13M | 320M | 124M |
| Effective Tax Rate % | -35.05% | 19.43% | 20.26% | 17.25% | 25% | 29.87% | 18.51% | 26.4% | 69.67% | 10.46% | 27.15% | 21.15% | 28.26% | 25.98% | 27.75% | 28.85% | 21.67% | -3.29% | 20.89% | 15.98% |
| Net Income | -289M | 1.22B | 1.42B | 2.13B | 240M | 843M | 1.27B | 1.3B | 37M | 2.04B | 1.11B | 1.83B | -363M | 829M | 695M | 735M | -940M | -408M | 1.21B | 652M |
| Net Margin % | -1.82% | 7.62% | 8.5% | 12.79% | 1.71% | 5.42% | 8.11% | 7.83% | 0.27% | 14.32% | 7.15% | 11.73% | -2.85% | 6.17% | 4.97% | 5.32% | -10.06% | -4.31% | 13.24% | 9.15% |
| Net Income Growth % | -220.42% | 44.6% | 11.4% | 63.22% | 548.65% | -58.62% | 14.8% | -28.57% | 110.19% | 145.72% | 59.42% | 148.57% | 61.38% | 303.19% | -42.66% | 12.73% | 20.14% | 45.96% | 122.53% | 111.4% |
| Net Income (Continuing) | -289M | 1.22B | 1.42B | 2.13B | 240M | 843M | 1.27B | 1.3B | 37M | 2.04B | 1.11B | 1.83B | -363M | 829M | 695M | 735M | -940M | -408M | 1.21B | 652M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.44 | 1.86 | 2.17 | 3.26 | 0.37 | 1.29 | 1.97 | 2.01 | 0.06 | 3.16 | 1.72 | 2.85 | -0.57 | 1.29 | 1.08 | 1.15 | -1.48 | -0.64 | 1.89 | 1.02 |
| EPS Growth % | -218.92% | 44.19% | 10.15% | 62.19% | 544.6% | -59.18% | 14.53% | -29.47% | 110.07% | 144.96% | 59.26% | 147.83% | 61.49% | 301.56% | -42.86% | 12.75% | 20% | 46.22% | 122.31% | 111.33% |
| EPS (Basic) | -0.44 | 1.88 | 2.19 | 3.29 | 0.37 | 1.29 | 1.98 | 2.04 | 0.06 | 3.19 | 1.73 | 2.86 | -0.57 | 1.30 | 1.09 | 1.15 | -1.48 | -0.64 | 1.90 | 1.02 |
| Diluted Shares Outstanding | 652M | 656M | 653M | 652M | 652M | 652M | 647M | 648M | 645M | 644M | 644M | 642M | 639M | 641M | 641M | 641M | 637M | 637M | 641M | 642M |
| Basic Shares Outstanding | 652M | 649M | 648M | 647M | 644M | 652M | 641M | 641M | 640M | 639M | 639M | 639M | 639M | 638M | 638M | 638M | 635.14M | 636M | 637M | 637M |
| Dividend Payout Ratio | - | 10.01% | 8.61% | 4.55% | 41.25% | 11.39% | 7.63% | 4.9% | 172.97% | 3.14% | 5.78% | - | - | - | - | - | - | - | - | - |