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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $19.76B | $15.85B | $16.00B | $16.67B | $16.65B | $14.04B | $15.56B | $15.68B |
| Cost of revenue | $489.00M | $428.00M | $458.00M | $485.00M | $482.00M | $430.00M | $449.00M | $463.00M |
| Gross profit | $19.27B | $15.43B | $15.55B | $16.19B | $16.17B | $13.61B | $15.11B | $15.21B |
| Gross margin | 97.5% | 97.3% | 97.1% | 97.1% | 97.1% | 96.9% | 97.1% | 97.0% |
| Selling, general and administrative | $5.49B | $5.13B | $5.21B | $5.09B | $5.08B | $4.64B | $4.75B | $4.87B |
| Operating expenses | $17.40B | $14.93B | $14.08B | $14.50B | $14.06B | $13.04B | $13.39B | $13.82B |
| Operating income | $1.86B | $501.00M | $1.47B | $1.68B | $2.10B | $569.00M | $1.72B | $1.40B |
| Operating margin | 9.4% | 3.2% | 9.2% | 10.1% | 12.6% | 4.1% | 11.0% | 8.9% |
| EBITDA | $1.86B | $501.00M | $5.51B | $3.41B | $2.10B | $569.00M | $5.56B | $2.65B |
| Interest income | $0 | −$151.00M | −$158.00M | −$171.00M | $0 | −$179.00M | −$180.00M | −$173.00M |
| Interest expense | −$144.00M | $0 | $0 | — | −$172.00M | $0 | $0 | — |
| Income before taxes | $2.01B | −$214.00M | $1.51B | $1.78B | $2.57B | $320.00M | $1.20B | $1.56B |
| Income taxes | $405.00M | $75.00M | $294.00M | $360.00M | $444.00M | $80.00M | $359.00M | $289.00M |
| Net income | $1.60B | −$289.00M | $1.22B | $1.42B | $2.13B | $240.00M | $843.00M | $1.27B |
| Net margin | 8.1% | -1.8% | 7.6% | 8.5% | 12.8% | 1.7% | 5.4% | 8.1% |
| EPS, basic | $2.45 | −$0.44 | $1.88 | $2.18 | $3.28 | $0.37 | $1.31 | $1.98 |
| EPS, diluted | $2.44 | −$0.44 | $1.85 | $2.17 | $3.27 | $0.37 | $1.29 | $1.97 |
| Diluted shares | 658.00M | 652.00M | 658.00M | 654.00M | 652.00M | 652.00M | 652.00M | 647.00M |
Figures describe Delta Air Lines shares, not any token. As of Jul 10, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.