Delta Air Lines reported EPS of $0.64 for the quarter reported on April 8, 2026, up 39.1% from $0.46 a year earlier. Revenue grew 12.9% year over year.
Correction, 18 September 2026: an earlier version of this post described April 8, 2026 as the end of the quarter. It is the date the results were reported.
What changed
$DAL reported earnings on April 8, 2026. EPS came in at $0.64, up from $0.46 in the same period a year earlier — a 39.1% year-over-year increase. Quarterly revenue grew 12.9% year over year. We don't have guidance commentary from the report to share at this time.
The stock carries a trailing P/E of 12.7 and a forward P/E of 16.1, which puts the market pricing in continued earnings growth while still leaving the multiple well below many large-cap peers. At $88.77, $DAL trades at a meaningful discount to the six-model fair value of $106.35 — a gap of 19.8% — according to ACCE's valuation framework.
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What it means
$DAL's ACCE score sits at 79/100, with a particularly strong Momentum reading of 97 and a Value score of 83. Growth scores 76, while Quality comes in at 61 — the softer component worth watching as the airline sector navigates fuel costs and capacity decisions.
On the quality metrics, ROE stands at 25.0%, net margin at 6.9%, and FCF yield at 6.6%, with earnings quality flagged as strong. For an airline — a capital-heavy, cyclically sensitive business — those figures are notable. The stock has returned 75.1% over the past year, and the analyst consensus target sits at $98.84.
The 39.1% EPS growth rate is the headline number here. Moving from $0.46 to $0.64 in a single year reflects both revenue expansion and what appears to be meaningful operating leverage. Revenue growing at 12.9% while earnings grow at more than three times that rate suggests the company converted incremental revenue into profit at an above-average rate during the period.
The dividend yield is 0.9%, modest but present — a signal that management is comfortable returning some cash while the balance sheet supports growth investment.
For current price and full data, visit acceinvestments.com/stocks/DAL.
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