Delta Air Lines (DAL) Shares Outstanding (Diluted) (2009 - 2026)
Delta Air Lines' Shares Outstanding (Diluted) was 658 million in Q2 2026, up 0.9% from 652 million a year earlier and up 0.9% from the prior quarter.
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Analysis
Delta Air Lines (DAL) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Diluted) at Delta Air Lines came in at 654 million, up 0.9% from FY2024.
- Shares Outstanding (Diluted) has now increased for three consecutive years, with a five-year compound annual growth rate of 0.6% (FY2020 to FY2025).
- In earlier years, Shares Outstanding (Diluted) was 648 million in FY2024 (+0.8%), 643 million in FY2023 (+0.3%), 641 million in FY2022 (unchanged) and 641 million in FY2021 (+0.8%).
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Diluted) since Q1 2019.
- Compared with a year earlier, Shares Outstanding (Diluted) was higher in seven of the last eight quarters, with growth averaging 0.7%.
- The best year-over-year quarter for Shares Outstanding (Diluted) over five years was Q1 2025 (growth of 1.1%); the worst was Q2 2022 (a decline of 0.2%).
- Per Business Quant data, DAL's Shares Outstanding (Diluted) in the three quarters before Q2 2026 was 652 million (Q1 2026), 654 million (Q4 2025) and 654 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 167.50 Bn | 162.03 Bn | - | 594.00 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 | - | 887.10 Mn |
| 5 | Norfolk Southern | 72.12 Bn | 66.76 Bn | - | 225.00 Mn |
| 6 | Fedex | 68.77 Bn | 34.71 Bn | - | 239.00 Mn |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 659.00 Mn |
| 8 | Old Dominion Freight Line | 38.02 Bn | 37.28 Bn | - | 208.72 Mn |
| 9 | United Airlines Holdings | 33.53 Bn | -22.84 Bn | - | 326.60 Mn |
| 10 | Ryanair Holdings | 27.89 Bn | 11.53 Bn | - | 532.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 659.00 Mn |
| Jun 30, 2026 | 658.00 Mn |
| Mar 31, 2026 | 652.00 Mn |
| Dec 31, 2025 | 654.00 Mn |
| Sep 30, 2025 | 654.00 Mn |
| Jun 30, 2025 | 652.00 Mn |
| Mar 31, 2025 | 652.00 Mn |
| Dec 31, 2024 | 648.00 Mn |
| Sep 30, 2024 | 647.00 Mn |
| Jun 30, 2024 | 648.00 Mn |
| Mar 31, 2024 | 645.00 Mn |
| Dec 31, 2023 | 643.00 Mn |
| Sep 30, 2023 | 644.00 Mn |
| Jun 30, 2023 | 642.00 Mn |
| Mar 31, 2023 | 639.00 Mn |
| Dec 31, 2022 | 641.00 Mn |
| Sep 30, 2022 | 641.00 Mn |
| Jun 30, 2022 | 641.00 Mn |
| Mar 31, 2022 | 637.00 Mn |
| Dec 31, 2021 | 641.00 Mn |
API Access
Delta Air Lines Shares Outstanding (Diluted) 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-diluted&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();