Delta Air Lines (DAL) Net Margin (2009 - 2026)
Delta Air Lines (DAL) posted Net Margin of 3.75% for Q3 2026, down 4.75 percentage points from 8.50% a year earlier and down 4.37 percentage points from the prior quarter.
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Analysis
Delta Air Lines (DAL) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at Delta Air Lines was 4.58%, down 2.78 percentage points year-over-year; for FY2025, it came in at 7.90%, up 2.29 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +80.35 percentage points (FY2020 to FY2025).
- In prior years, Delta Air Lines' Net Margin was 5.61% in FY2024 (-2.33 pp), 7.94% in FY2023 (+5.33 pp), 2.61% in FY2022 (+1.67 pp) and 0.94% in FY2021 (+73.38 pp).
- Quarterly Net Margin has run from a low of -10.06% in Q1 2022 to a high of 14.32% in Q4 2023 over five years.
- On a year-over-year basis, Net Margin has declined in each of the last three quarters, with an average year-over-year change of -1.61 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2022, with a gain of 18.31 percentage points; the weakest was Q4 2024, with a drop of 8.90 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 8.12% (Q2 2026), -1.82% (Q1 2026) and 7.62% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 170.65 Bn | 165.18 Bn | - | 29.04% |
| 2 | Csx | 89.70 Bn | 85.91 Bn | - | 25.46% |
| 3 | United Parcel Service | 84.71 Bn | 61.60 Bn | - | 2.65% |
| 4 | Canadian Pacific Kansas City | 78.00 Bn | 77.02 Bn | - | 24.59% |
| 5 | Norfolk Southern | 73.24 Bn | 67.88 Bn | - | 21.18% |
| 6 | Fedex | 70.67 Bn | 36.62 Bn | - | 6.39% |
| 7 | Delta Air Lines | 50.97 Bn | 33.15 Bn | - | 3.75% |
| 8 | Old Dominion Freight Line | 39.24 Bn | 38.51 Bn | - | 22.56% |
| 9 | United Airlines Holdings | 32.98 Bn | -23.39 Bn | - | 4.56% |
| 10 | Ryanair Holdings | 28.60 Bn | 12.25 Bn | - | 14.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.75% |
| Jun 30, 2026 | 8.12% |
| Mar 31, 2026 | -1.82% |
| Dec 31, 2025 | 7.62% |
| Sep 30, 2025 | 8.50% |
| Jun 30, 2025 | 12.79% |
| Mar 31, 2025 | 1.71% |
| Dec 31, 2024 | 5.42% |
| Sep 30, 2024 | 8.11% |
| Jun 30, 2024 | 7.83% |
| Mar 31, 2024 | 0.27% |
| Dec 31, 2023 | 14.32% |
| Sep 30, 2023 | 7.15% |
| Jun 30, 2023 | 11.73% |
| Mar 31, 2023 | -2.85% |
| Dec 31, 2022 | 6.17% |
| Sep 30, 2022 | 4.97% |
| Jun 30, 2022 | 5.32% |
| Mar 31, 2022 | -10.06% |
| Dec 31, 2021 | -4.31% |
API Access
Delta Air Lines Net 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=net-margin&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();