Delta Air Lines › Financials
Delta Air Lines financials
DALTen years from Delta Air Lines’ own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Sep 2026 | Latest quarterSep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.45B | $41.14B | $44.44B | $47.01B | $17.09B | $29.90B | $50.58B | $58.05B | $61.64B | $63.36B | $71.80B | — |
| Operating income | $7.00B | $5.97B | $5.26B | $6.62B | −$12.47B | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B | $5.29B | — |
| Net income | $4.20B | $3.21B | $3.94B | $4.77B | −$12.38B | $280.0M | $1.32B | $4.61B | $3.46B | $5.00B | $3.29B | — |
| Earnings per share, diluted | $5.55 | $4.43 | $5.67 | $7.30 | −$19.49 | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Sep 2026 | Latest quarterSep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.76B | $1.81B | $1.56B | $2.88B | $8.31B | $7.93B | $3.27B | $2.74B | $3.07B | $4.31B | — | $3.79B |
| Total assets | $51.26B | $53.29B | $60.27B | $64.53B | $72.00B | $72.46B | $72.29B | $73.64B | $75.37B | $81.32B | — | $86.05B |
| Debt | $7.01B | $8.44B | $9.37B | $10.11B | $27.97B | $25.08B | $21.38B | $18.61B | $15.35B | $13.31B | — | $12.11B |
| Total liabilities | $38.97B | $39.38B | $46.58B | $49.17B | $70.46B | $68.57B | $65.71B | $62.54B | $60.08B | $60.46B | — | $63.53B |
| Shareholders' equity | $12.29B | $13.91B | $13.69B | $15.36B | $1.53B | $3.89B | $6.58B | $11.11B | $15.29B | $20.85B | — | $22.51B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Sep 2026 | Latest quarterSep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.21B | $5.02B | $7.01B | $8.43B | −$3.79B | $3.26B | $6.36B | $6.46B | $8.03B | $8.34B | $8.00B | — |
| Capital spending | $3.39B | $3.89B | $5.17B | $4.94B | $1.90B | $3.25B | $6.37B | $5.32B | $5.14B | $4.50B | — | — |
| Free cash flow | $3.82B | $1.13B | $1.85B | $3.49B | −$5.69B | $17.0M | −$3.0M | $1.14B | $2.88B | $3.84B | — | — |
| Buybacks | $2.60B | $1.68B | $1.57B | $2.03B | $344.0M | $0 | $0 | — | — | — | — | — |
| Dividends | $509.0M | $731.0M | $909.0M | $980.0M | $260.0M | $0 | $0 | $128.0M | $321.0M | $440.0M | $515.0M | — |
| Returned to shareholders | $3.11B | $2.41B | $2.48B | $3.01B | $604.0M | $0 | $0 | $128.0M | $321.0M | $440.0M | $515.0M | — |
| Stock-based pay | $154.0M | $169.0M | $159.0M | $161.0M | $119.0M | $149.0M | $150.0M | $180.0M | $236.0M | $313.0M | — | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Delta Air Lines financials, answered
What is Delta Air Lines' market cap?
$49.59B at $75.37 a share, with 657,912,380 shares outstanding as of Sep 30, 2026, from the cover of its latest SEC filing.
How much does Delta Air Lines earn?
Revenue of $71.80B and net income of $3.29B in the last 12 months to Sep 2026.
How much debt does Delta Air Lines have?
Delta Air Lines reported $12.11B of debt and $3.79B of cash and equivalents on its balance sheet in Sep 2026.
Does Delta Air Lines make free cash flow?
Yes. Operating cash flow minus capital spending was $3.84B in the fiscal 2025.
How much cash does Delta Air Lines return to shareholders?
$440.0M in buybacks and dividends in fiscal 2025, from the cash flow statement.