Delta Air Lines, Inc.
Financial Performance
Delta Air Lines Revenue & Financials
Revenue
$63.4B (FY2025)
Market Cap
$52.4B
Employees
103,000
What is Delta Air Lines's revenue?
Delta Air Lines had $63.4B in revenue for fiscal year 2025, up 2.8% from 2024.
- Latest revenue
- $63.4B (FY2025)
- Year-over-year
- +2.8%
- Growth rate (CAGR)
- 5.4% over 9 years
- Peak revenue
- $63.4B (FY2025)
- Years of data
- 10
- Employees
- 103,000
- What is Delta Air Lines's operating income?
- Delta Air Lines reported operating income of $5.8B for fiscal year 2025. sec.gov
- How many employees does Delta Air Lines have?
- Delta Air Lines has about 103,000 employees.
Financial Analysis
Delta reported FY2025 GAAP operating revenue of $63.364B, operating income of $5.822B, and net income of $5.005B. On an adjusted basis, which excludes third-party refinery sales, revenue was a record $58.3B with about a 10% operating margin, $5B in pre-tax profit, and record free cash flow of $4.6B, which Delta used to cut debt by $2.6B. American Express remuneration rose 11% to $8.2B. In Q2 2026 GAAP revenue rose 19% to $19.76B and adjusted revenue rose 14% to a record $17.67B; adjusted EPS was $1.56 as Delta absorbed the highest quarterly fuel bill in its history. Delta expects about $9B from American Express in 2026 and has a long-term target of $10B. Delta Air Lines is one of the world's largest and most profitable legacy carriers, maintaining a market valuation generally above $30 billion.
Revenue Trend Analysis
YoY Change
+2.8%
9-Year CAGR
+5.4%
Peak Year
2025
Trend
Consistent Growth
Delta Air Lines, Inc. has 10 full fiscal year figures on this page, compounding at +5.4% annually over 9 years. The most recent year saw a 2.8% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $63.4B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $63.4B | $5.8Bfiling | — | +2.8% | sec.gov Delta reported $63.364B in GAAP operating revenue for FY2025 (adjusted operating revenue, excluding third-party refinery sales, was a record $58.3B). |
| FY2024 | $61.6B | $6Bfiling | — | +6.2% | sec.gov Delta reported $61.643B in operating revenue for FY2024. |
| FY2023 | $58B | $5.5Bfiling | — | +14.8% | sec.gov Revenue continued to recover as domestic and international demand strengthened. |
| FY2022 | $50.6B | $3.7Bfiling | — | +69.2% | sec.gov Post-pandemic demand recovery lifted Delta revenue above $50B. |
| FY2021 | $29.9B | $1.9B | $280M | +74.9% | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-12) Fiscal year ended 2021-12-31. |
| FY2020 | $17.1B | -$12.5B | -$12.4B | -63.6% | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2023-02-10) Fiscal year ended 2020-12-31. |
| FY2019 | $47B | $6.6B | $4.8B | +5.8% | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2022-02-11) Fiscal year ended 2019-12-31. |
| FY2018 | $44.4B | $5.3B | $3.9B | +8.0% | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2021-02-12) Fiscal year ended 2018-12-31. |
| FY2017 | $41.1B | $6B | $3.2B | +4.3% | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2020-02-13) Fiscal year ended 2017-12-31. |
| FY2016 | $39.5B | $7B | $4.2B | — | Delta Air Lines, Inc. annual report (Form 10-K, SEC EDGAR, filed 2019-02-15) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Delta Air Lines, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Shareholders' equity | Source |
|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $8.3B | $81.3B | $20.9B | Form 10-K |
| FY2024ended Dec 31, 2024 | $8B | $75.4B | $15.3B | Form 10-K |
| FY2023ended Dec 31, 2023 | $6.5B | $73.6B | $11.1B | Form 10-K |
| FY2022ended Dec 31, 2022 | $6.4B | $72.3B | $6.6B | Form 10-K |
| FY2021ended Dec 31, 2021 | $3.3B | $72.5B | $3.9B | Form 10-K |
| FY2020ended Dec 31, 2020 | -$3.8B | $72B | $1.5B | Form 10-K |
| FY2019ended Dec 31, 2019 | $8.4B | $64.5B | $15.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $7B | $60.3B | $13.7B | Form 10-K |
| FY2017ended Dec 31, 2017 | $5B | $53.7B | $12.5B | Form 10-K |
| FY2016ended Dec 31, 2016 | $7.2B | $51.9B | $11.3B | Form 10-K |
Keep researching Delta Air Lines
Delta Air Lines Revenue and Financial FAQ
What was Delta Air Lines' revenue in 2025?
Delta reported FY2025 GAAP operating revenue of $63.364B, up from $61.643B in 2024. Adjusted operating revenue, which excludes third-party refinery sales, was a record $58.3B.
Is Delta Air Lines profitable?
Yes. Delta earned $5.005B of net income and $5.822B of operating income in FY2025, with about $5B of pre-tax profit and a roughly 10% adjusted operating margin. In Q2 2026 it earned $1.4B of pre-tax profit despite record fuel costs.
How much free cash flow does Delta generate?
Delta generated a record $4.6B of free cash flow in 2025 and used it to cut debt by $2.6B, ending the year at about 2.4x gross leverage.
How much revenue does Delta get from American Express?
American Express remuneration was $8.2B in 2025, up 11%. In Q2 2026 it rose 16% to $2.4B, and Delta expects about $9B for full-year 2026.
What were Delta's Q2 2026 results?
For the June 2026 quarter Delta reported GAAP operating revenue of $19.76B, up 19%, and record adjusted revenue of $17.67B, up 14%. Adjusted EPS was $1.56, down from $2.10 a year earlier because of higher fuel costs. Delta reinstated full-year guidance.
How does Delta's profit sharing work?
Delta pays employees 10% of the first $2.5B of pre-tax profit and 20% of profit above that. It paid about $1.4B in February 2024 for 2023 results, the largest profit-sharing payout in the industry.
Does Delta pay a dividend?
Yes. Delta reinstated its dividend in 2023 and currently pays $0.215 per share each quarter; the next payment is due November 5, 2026 to shareholders of record on October 15, 2026.
What is Delta Air Lines' market cap?
Delta's market capitalization was about $52B in September 2026, with shares around $80. Delta reports Q3 2026 results on October 9, 2026.
Did Delta ever go bankrupt?
Yes, in 2005, crushed by massive fuel costs and legacy union contracts, Delta filed for Chapter 11 bankruptcy. However, they aggressively restructured, slashed costs, and emerged to become the most financially dominant and consistently profitable airline in America.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Delta Air Lines Revenue & Financials." CorpDigest, https://corpdigest.com/company/delta-airlines/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Delta Air Lines reported $63.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/delta-airlines/financials" target="_blank" rel="noopener">CorpDigest — Delta Air Lines financials</a></div>Related Financial Audits
Compare revenue, net income, and market cap scale
Explore Delta Air Lines
Core profile pages, founders and related research hubs for this company.