Delta Air Lines (DAL) Shares Outstanding (2009 - 2026)
Delta Air Lines (DAL) reported Shares Outstanding of 654 million for Q2 2026, up 0.8% from 649 million a year earlier and up 0.3% from the prior quarter.
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Analysis
Delta Air Lines (DAL) Shares Outstanding (2009 - 2026) Analysis & Trends
For FY2025, Delta Air Lines posted Shares Outstanding of 648 million, up 1.1% from FY2024.
- Shares Outstanding has increased for four consecutive years, with a five-year compound annual growth rate of 0.4% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 641 million in FY2024 (+0.3%), 639 million in FY2023 (+0.2%), 638 million in FY2022 (+0.3%) and 636 million in FY2021 (unchanged).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding since Q1 2019.
- Year over year, Shares Outstanding has now increased in each of the last 18 quarters, with growth averaging 0.9% over the last eight quarters.
- Across the past five years, year-over-year growth in Shares Outstanding ran from 0.0% in Q4 2021 to 1.2% in Q3 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at 652 million (Q1 2026), 648 million (Q4 2025) and 649 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 593.40 Mn |
| 2 | Csx | 88.57 Bn | 84.77 Bn | - | 1.86 Bn |
| 3 | United Parcel Service | 80.55 Bn | 57.44 Bn | - | 851.00 Mn |
| 4 | Canadian Pacific Kansas City | 75.98 Bn | 75.00 Bn | - | 886.40 Mn |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 224.60 Mn |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 237.00 Mn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 655.00 Mn |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 207.66 Mn |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 324.60 Mn |
| 10 | Ryanair Holdings | 27.89 Bn | 11.53 Bn | - | 527.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 655.00 Mn |
| Jun 30, 2026 | 654.00 Mn |
| Mar 31, 2026 | 652.00 Mn |
| Dec 31, 2025 | 648.00 Mn |
| Sep 30, 2025 | 649.00 Mn |
| Jun 30, 2025 | 649.00 Mn |
| Mar 31, 2025 | 644.00 Mn |
| Dec 31, 2024 | 641.00 Mn |
| Sep 30, 2024 | 641.00 Mn |
| Jun 30, 2024 | 641.00 Mn |
| Mar 31, 2024 | 640.00 Mn |
| Dec 31, 2023 | 639.00 Mn |
| Sep 30, 2023 | 639.00 Mn |
| Jun 30, 2023 | 639.00 Mn |
| Mar 31, 2023 | 639.00 Mn |
| Dec 31, 2022 | 638.00 Mn |
| Sep 30, 2022 | 638.00 Mn |
| Jun 30, 2022 | 638.00 Mn |
| Mar 31, 2022 | 637.00 Mn |
| Dec 31, 2021 | 636.00 Mn |
API Access
Delta Air Lines Shares Outstanding 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=shares-outstanding&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();