KPIs & Operating Metrics(New)
Growth Metrics

Delta Air Lines (DAL) Gross Margin (2016 - 2025)

Delta Air Lines (DAL) has disclosed Gross Margin for 17 consecutive years, with 96.12% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 10.0% year-over-year to 96.12%, compared with a TTM value of 96.08% through Dec 2025, up 368.0%, and an annual FY2025 reading of 96.08%, up 11.0% over the prior year.
  • Gross Margin was 96.12% for Q4 2025 at Delta Air Lines, roughly flat from 96.53% in the prior quarter.
  • Across five years, Gross Margin topped out at 150.18% in Q4 2022 and bottomed at 75.49% in Q1 2021.
  • Average Gross Margin over 5 years is 96.26%, with a median of 96.09% recorded in 2023.
  • The sharpest move saw Gross Margin surged 3737bps in 2022, then tumbled -5348bps in 2023.
  • Year by year, Gross Margin stood at 112.81% in 2021, then soared by 33bps to 150.18% in 2022, then plummeted by -36bps to 96.7% in 2023, then dropped by -1bps to 96.02% in 2024, then rose by 0bps to 96.12% in 2025.
  • Business Quant data shows Gross Margin for DAL at 96.12% in Q4 2025, 96.53% in Q3 2025, and 96.17% in Q2 2025.