Delta Air Lines

DAL Industrials Market cap $52.5B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 10, 2026

Revenue$19.76B +19% year over year

Gross profit$2.59B 13% margin

Operating profit$1.86B 9% margin

Net profit$1.60B 8% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	19.76	100%	+19%
Passenger air traffic	13.77	70%	+12%
Refinery	2.09	11%	+83%
Loyalty program	1.34	7%
Loyalty travel awards	1.25	6%	+14%
Passenger travel related	0.59	3%	+11%
Ancillary businesses	0.32	2%
Cargo & freight	0.29	1%	+39%
Miscellaneous	0.11	0%
Cost of revenue	−17.17	87%
Gross profit	2.59	13% margin	−4pp
Sales & marketing	−0.73	4%	+0pp
Operating profit	1.86	9% margin	−3pp
Other income, net	0.15
Tax	−0.41
Net profit	1.60	8% margin	−5pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	15.85	100%	+13%
Passenger air traffic	10.77	68%	+7%
Refinery	1.65	10%	+56%
Loyalty program	1.22	8%	+13%
Loyalty travel awards	1.03	7%	+9%
Passenger travel related	0.51	3%	+7%
Ancillary businesses	0.38	2%	+152%
Cargo & freight	0.23	1%	+9%
Miscellaneous	0.07	1%	+25%
Cost of revenue	−14.76	93%
Gross profit	1.09	7% margin	−1pp
Sales & marketing	−0.59	4%	+0pp
Operating profit	0.50	3% margin	−1pp
Interest & other costs	−0.72
Tax	−0.08
Net profit	−0.29	−2% margin	−4pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.00	100%	+3%
Passenger air traffic	11.32	71%	+0%
Refinery	1.40	9%	+25%
Loyalty travel awards	1.10	7%	+5%
Loyalty program	0.85	5%	+1%
Passenger travel related	0.50	3%	+0%
Miscellaneous	0.36	2%	+17%
Cargo & freight	0.25	2%	−1%
Ancillary businesses	0.23	1%	+4%
Cost of revenue	−13.92	87%
Gross profit	2.08	13% margin	−2pp
Sales & marketing	−0.62	4%	+0pp
Operating profit	1.47	9% margin	−2pp
Tax	−0.25
Net profit	1.22	8% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.67	100%	+6%
Passenger air traffic	11.86	71%	+2%
Refinery	1.48	9%	+36%
Loyalty travel awards	1.11	7%	+13%
Loyalty program	0.85	5%	+3%
Passenger travel related	0.54	3%	+11%
Miscellaneous	0.36	2%	+15%
Ancillary businesses	0.26	2%	+59%
Cargo & freight	0.23	1%	+19%
Cost of revenue	−14.34	86%
Gross profit	2.33	14% margin	+1pp
Sales & marketing	−0.65	4%	+0pp
Operating profit	1.68	10% margin	+1pp
Other income, net	0.09
Tax	−0.36
Net profit	1.42	8% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	16.65	100%	+0%
Passenger air traffic	12.25	73%	−1%
Refinery	1.14	7%	−9%
Loyalty travel awards	1.09	7%	+12%
Loyalty program	0.86	5%	+2%
Passenger travel related	0.53	3%	+2%
Miscellaneous	0.31	2%	−3%
Ancillary businesses	0.26	2%	+24%
Cargo & freight	0.21	1%	+7%
Cost of revenue	−13.87	83%
Gross profit	2.78	17% margin	−1pp
Sales & marketing	−0.67	4%	+0pp
Operating profit	2.10	13% margin	−1pp
Other income, net	0.47
Tax	−0.44
Net profit	2.13	13% margin	+5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 10, 2026 Operating margin 9% Net profit $1.60B	Apr 1 – Jun 30, 2026	Jul 10, 2026	$19.8B	+19%	9%	$1.60B	8%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 8, 2026 Operating margin 3% Net profit −$0.29B	Jan 1 – Mar 31, 2026	Apr 8, 2026	$15.9B	+13%	3%	−$0.29B	−2%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 11, 2026 Operating margin 9% Net profit $1.22B	Oct 1 – Dec 31, 2025	Feb 11, 2026	$16.0B	+3%	9%	$1.22B	8%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 9, 2025 Operating margin 10% Net profit $1.42B	Jul 1 – Sep 30, 2025	Oct 9, 2025	$16.7B	+6%	10%	$1.42B	8%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 10, 2025 Operating margin 13% Net profit $2.13B	Apr 1 – Jun 30, 2025	Jul 10, 2025	$16.6B	+0%	13%	$2.13B	13%