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Delta Air Lines DAL Q2 2025 earnings

Reported July 10, 2025 · Before market open

Revenue$16.6BBeat by $1.2B
EPS$2.10Beat by $0.04
Revenue estimate$15.5B
EPS estimate$2.06

Next report

Oct 9, 2026 (In 6 days)
Revenue estimate$17.6B
EPS estimate$1.88

Financials

Q2 2025

Income statement

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Revenue$16.6B-0.1%
Operating income$2.1B-7.3%
Net income$2.1B+63.2%
EPS (diluted)$3.27+62.7%

Balance sheet

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Cash & equivalents$3.5B-21.7%
Total debt$20.6B-12.7%
Total equity$17.4B+40.8%
Total assets$78.4B+4.3%

Cash flow

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Operating cash flow$1.9B-24.2%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$32.36B+6.6%
Enterprise value$49.44B-0.1%
P/E7.2×+0.4×
P/S0.5×0.0×

Profitability

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Operating margin9.3%-0.9pp
Net margin7.2%-0.2pp

Returns & leverage

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Return on equity30.1%-13.7pp
Debt / equity1.2×-0.7×
Current ratio0.4×0.0×

Segments

By product

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Refinery$1.1B-8.8%
Loyalty and related$1.1B+34.8%
MRO$239.0M+12.2%
Miscellaneous$62.0M-80.5%

By segment

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Airline$15.5B+0.6%
Refinery$1.7B-16.1%

FAQ

When did Delta Air Lines report Q2 2025 earnings?
Delta Air Lines (DAL) reported Q2 2025 earnings on July 10, 2025 before market open.
What were Delta Air Lines's Q2 2025 revenue and EPS?
Delta Air Lines reported revenue of $16.6B and eps of $2.10 for Q2 2025.
Did Delta Air Lines beat estimates in Q2 2025?
Revenue beat the consensus estimate of $15.5B by $1.2B. EPS beat the consensus estimate of $2.06 by $0.04.
How did Delta Air Lines's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.1% from $16.7B a year earlier and eps declined 11.0% from $2.36.
Where can I find Delta Air Lines's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001683168-25-005002) and the 10-Q periodic report (0000027904-25-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.