Delta Air Lines (DAL) EBT Margin (2009 - 2026)
Delta Air Lines (DAL) reported EBT Margin of 5.32% for Q3 2026, down 5.34 percentage points from 10.66% a year earlier and down 4.85 percentage points from the prior quarter.
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Analysis
Delta Air Lines (DAL) EBT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Delta Air Lines' EBT Margin came in at 6.10%, down 3.23 percentage points year-over-year; for FY2025, it came in at 9.76%, up 2.20 percentage points from FY2024.
- EBT Margin has a five-year change of +100.94 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 7.56% in FY2024 (-2.10 pp), 9.66% in FY2023 (+5.88 pp), 3.78% in FY2022 (+2.45 pp) and 1.33% in FY2021 (+92.51 pp).
- Five-year quarterly EBT Margin spans a low of -12.84% in Q1 2022 and a high of 16.00% in Q4 2023.
- Year over year, EBT Margin has now declined in each of the last three quarters, with an average year-over-year change of -1.74 percentage points over the last eight quarters.
- The high point for year-over-year EBT Margin in five years was Q4 2021 (a gain of 23.72 percentage points); the low point was Q3 2022 (a drop of 9.85 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 10.17% (Q2 2026), -1.35% (Q1 2026) and 9.45% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.80 Bn | 165.33 Bn | - | 37.22% |
| 2 | Csx | 89.17 Bn | 85.38 Bn | - | 33.55% |
| 3 | United Parcel Service | 83.81 Bn | 60.70 Bn | - | 3.33% |
| 4 | Canadian Pacific Kansas City | 77.31 Bn | 76.33 Bn | - | 32.64% |
| 5 | Norfolk Southern | 73.23 Bn | 67.87 Bn | - | 27.68% |
| 6 | Fedex | 70.82 Bn | 36.77 Bn | - | 8.43% |
| 7 | Delta Air Lines | 50.27 Bn | 32.46 Bn | - | 5.32% |
| 8 | Old Dominion Freight Line | 39.09 Bn | 38.36 Bn | - | 30.08% |
| 9 | United Airlines Holdings | 31.83 Bn | -24.55 Bn | - | 5.81% |
| 10 | Ryanair Holdings | 28.53 Bn | 12.18 Bn | - | 13.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.32% |
| Jun 30, 2026 | 10.17% |
| Mar 31, 2026 | -1.35% |
| Dec 31, 2025 | 9.45% |
| Sep 30, 2025 | 10.66% |
| Jun 30, 2025 | 15.46% |
| Mar 31, 2025 | 2.28% |
| Dec 31, 2024 | 7.73% |
| Sep 30, 2024 | 9.96% |
| Jun 30, 2024 | 10.64% |
| Mar 31, 2024 | 0.89% |
| Dec 31, 2023 | 16.00% |
| Sep 30, 2023 | 9.82% |
| Jun 30, 2023 | 14.87% |
| Mar 31, 2023 | -3.97% |
| Dec 31, 2022 | 8.34% |
| Sep 30, 2022 | 6.88% |
| Jun 30, 2022 | 7.47% |
| Mar 31, 2022 | -12.84% |
| Dec 31, 2021 | -4.17% |
API Access
Delta Air Lines EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "DAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();