Carnival Corporation (CCL)

NYSE Consumer Discretionary Hotels, Resorts & Cruise Lines S&P 500

$29.58

-0.01 (-0.03%)

Close of Nov 06, 2026 · end-of-day data

Source: Carnival Corporation's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$16.39B	$17.51B	$18.88B	$20.82B	$5.59B	$1.91B	$12.17B	$21.59B	$25.02B	$26.62B
Cost of revenue	$9.38B	$10.50B	$11.09B	$12.91B	—	$4.66B	$11.76B	$14.32B	$15.64B	—
Gross profit	$7.01B	$7.01B	$7.79B	$7.92B	—	-$2.75B	$411.00M	$7.28B	$9.38B	—
Selling, general & admin	$2.20B	$2.27B	$2.45B	$2.48B	$1.88B	$1.89B	$2.52B	$2.95B	$3.25B	$3.40B
Operating income	$3.07B	$2.81B	$3.33B	$3.28B	-$8.87B	-$7.09B	-$4.38B	$1.96B	$3.57B	$4.48B
Interest expense	$223.00M	$198.00M	$194.00M	$206.00M	$895.00M	$1.60B	$1.61B	$2.07B	$1.75B	$1.35B
Pre-tax income	$2.83B	$2.67B	$3.21B	$3.06B	-$10.25B	-$9.52B	-$6.08B	-$62.00M	$1.92B	$2.77B
Income tax	-$49.00M	$60.00M	$54.00M	$71.00M	-$17.00M	-$21.00M	$14.00M	$13.00M	-$1.00M	$12.00M
Net income	$2.78B	$2.61B	$3.15B	$2.99B	-$10.24B	-$9.50B	-$6.09B	-$74.00M	$1.92B	$2.76B
EBITDA	$4.81B	$4.66B	$5.34B	$5.44B	-$6.62B	-$4.86B	-$2.10B	$4.33B	$6.13B	$7.27B
EPS (basic)	$3.73	$3.61	$4.45	$4.34	$-13.20	$-8.46	$-5.16	$-0.06	$1.50	$2.10
EPS (diluted)	$3.72	$3.59	$4.44	$4.32	$-13.20	$-8.46	$-5.16	$-0.06	$1.44	$2.02
Diluted shares	747.00M	725.00M	710.00M	692.00M	775.00M	1.12B	1.18B	1.26B	1.40B	1.40B
Gross margin	42.7%	40.0%	41.3%	38.0%	—	-144.0%	3.4%	33.7%	37.5%	—
Operating margin	18.7%	16.0%	17.6%	15.7%	-158.4%	-371.5%	-36.0%	9.1%	14.3%	16.8%
Net margin	17.0%	14.9%	16.7%	14.4%	-182.9%	-498.0%	-50.1%	-0.3%	7.7%	10.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$603.00M	$395.00M	$982.00M	$518.00M	$9.51B	$8.94B	$4.03B	$2.42B	$1.21B	$1.93B
Short-term investments	—	—	—	—	$0	$200.00M	$0	—	—	—
Receivables	$298.00M	$312.00M	$358.00M	$444.00M	$273.00M	$246.00M	$395.00M	$556.00M	$590.00M	$678.00M
Inventory	$322.00M	$387.00M	$450.00M	$427.00M	$335.00M	$356.00M	$428.00M	$528.00M	$507.00M	$505.00M
Total current assets	$1.69B	$1.60B	$2.23B	$2.06B	$10.56B	$10.13B	$7.49B	$5.27B	$3.38B	$4.22B
Goodwill	$2.91B	$2.97B	$2.92B	$2.91B	$807.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M
Total assets	$38.88B	$40.78B	$42.40B	$45.06B	$53.59B	$53.34B	$51.70B	$49.12B	$49.06B	$51.69B
Total current liabilities	$7.07B	$8.80B	$9.20B	$9.13B	$8.69B	$10.41B	$10.61B	$11.48B	$11.62B	$13.09B
Short-term debt	$640.00M	$1.72B	$1.58B	$1.60B	$1.74B	$1.93B	$2.39B	$2.09B	$1.54B	$2.60B
Long-term debt	$8.30B	$6.99B	$7.90B	$9.68B	$22.13B	$28.51B	$31.95B	$28.48B	$25.94B	$24.04B
Total debt	$8.94B	$8.71B	$9.47B	$11.27B	$23.87B	$30.44B	$34.35B	$30.57B	$27.47B	$26.64B
Total liabilities	$16.28B	$16.56B	$17.96B	$19.69B	$33.04B	$41.20B	$44.64B	$42.24B	$39.81B	$39.42B
Shareholders' equity	$22.60B	$24.22B	$24.44B	$25.36B	$20.55B	$12.14B	$7.07B	$6.88B	$9.25B	$12.27B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$5.13B	$5.32B	$5.55B	$5.47B	-$6.30B	-$4.11B	-$1.67B	$4.28B	$5.92B	$6.22B
Capital expenditures	$3.06B	$2.94B	$3.75B	$5.43B	$3.62B	$3.61B	$4.94B	$3.28B	$4.63B	$3.61B
Free cash flow	$2.07B	$2.38B	$1.80B	$46.00M	-$9.92B	-$7.72B	-$6.61B	$997.00M	$1.30B	$2.61B
Investing cash flow	-$3.32B	-$3.12B	-$3.51B	-$5.28B	-$3.24B	-$3.54B	-$4.77B	-$2.81B	-$4.54B	-$3.32B
Financing cash flow	-$2.59B	-$2.45B	-$1.46B	-$655.00M	$18.65B	$6.95B	$3.58B	-$5.09B	-$2.58B	-$2.19B
Dividends paid	$977.00M	$1.09B	$1.35B	$1.39B	$689.00M	$0	$0	—	—	—
Share buybacks	$2.34B	$552.00M	$1.47B	$603.00M	$12.00M	$0	$0	—	—	—
Stock-based compensation	$55.00M	$63.00M	$65.00M	$46.00M	$105.00M	$121.00M	$101.00M	$53.00M	$62.00M	$98.00M
Depreciation & amortization	$1.74B	$1.85B	$2.02B	$2.16B	$2.24B	$2.23B	$2.27B	$2.37B	$2.56B	$2.79B

Income statement

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Revenue	$5.40B	$5.41B	$5.78B	$7.90B	$5.94B	$5.81B	$6.33B	$8.15B	$6.33B	$6.17B	$6.66B	$8.44B
Cost of revenue	$3.63B	$3.71B	$3.80B	$4.30B	$3.83B	$3.77B	$3.89B	$4.38B	—	—	—	—
Gross profit	$1.77B	$1.70B	$1.98B	$3.59B	$2.10B	$2.04B	$2.44B	$3.77B	—	—	—	—
Selling, general & admin	$788.00M	$813.00M	$789.00M	$763.00M	$886.00M	$848.00M	$816.00M	$779.00M	$960.00M	$924.00M	$863.00M	$834.00M
Operating income	$384.00M	$276.00M	$560.00M	$2.18B	$561.00M	$543.00M	$934.00M	$2.27B	$735.00M	$607.00M	$851.00M	$2.22B
Interest expense	$466.00M	$471.00M	$450.00M	$431.00M	$403.00M	$377.00M	$341.00M	$317.00M	$315.00M	$291.00M	$285.00M	$285.00M
Pre-tax income	-$39.00M	-$214.00M	$96.00M	$1.74B	$289.00M	-$68.00M	$585.00M	$1.86B	$395.00M	$280.00M	$555.00M	$1.94B
Income tax	$10.00M	$0	$5.00M	$8.00M	-$14.00M	$7.00M	$17.00M	$6.00M	-$18.00M	$17.00M	$17.00M	$16.00M
Net income	-$48.00M	-$214.00M	$92.00M	$1.74B	$303.00M	-$78.00M	$565.00M	$1.85B	$422.00M	$258.00M	$537.00M	$1.92B
EBITDA	$980.00M	$889.00M	$1.19B	$2.83B	$1.22B	$1.20B	$1.63B	$2.99B	$1.46B	$1.30B	$1.57B	$2.97B
EPS (basic)	$-0.04	$-0.17	$0.07	$1.37	$0.23	$-0.06	$0.43	$1.41	$0.32	$0.19	$0.39	$1.41
EPS (diluted)	$-0.04	$-0.17	$0.07	$1.26	$0.23	$-0.06	$0.42	$1.33	$0.31	$0.19	$0.39	$1.40
Diluted shares	0	1.26B	1.27B	1.40B	0	1.31B	1.40B	1.40B	1.00M	1.39B	1.39B	1.37B
Gross margin	32.7%	31.5%	34.3%	45.5%	35.4%	35.2%	38.6%	46.2%	—	—	—	—
Operating margin	7.1%	5.1%	9.7%	27.6%	9.4%	9.3%	14.8%	27.9%	11.6%	9.8%	12.8%	26.3%
Net margin	-0.9%	-4.0%	1.6%	22.0%	5.1%	-1.3%	8.9%	22.7%	6.7%	4.2%	8.1%	22.8%

Balance sheet

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Cash & equivalents	$2.42B	$2.24B	$1.65B	$1.52B	$1.21B	$833.00M	$2.15B	$1.76B	$1.93B	$1.42B	$2.24B	$1.22B
Receivables	$556.00M	$644.00M	$494.00M	$632.00M	$590.00M	$543.00M	$569.00M	$651.00M	$678.00M	$663.00M	$633.00M	$670.00M
Inventory	$528.00M	$531.00M	$509.00M	$492.00M	$507.00M	$518.00M	$476.00M	$475.00M	$505.00M	$510.00M	$552.00M	$528.00M
Total current assets	$5.27B	$4.48B	$3.77B	$3.63B	$3.38B	$2.98B	$4.35B	$3.87B	$4.22B	$3.72B	$4.49B	$3.42B
Goodwill	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M	$579.00M
Total assets	$49.12B	$49.76B	$49.60B	$49.80B	$49.06B	$48.53B	$51.16B	$50.83B	$51.69B	$51.57B	$52.23B	$50.97B
Total current liabilities	$11.48B	$12.40B	$13.38B	$12.27B	$11.62B	$11.58B	$12.92B	$11.44B	$13.09B	$12.42B	$13.43B	$12.47B
Short-term debt	$2.09B	$2.19B	$2.18B	$2.21B	$1.54B	$1.53B	$1.39B	$1.42B	$2.60B	$1.50B	$1.47B	$2.04B
Long-term debt	$28.48B	$28.54B	$27.15B	$26.64B	$25.94B	$25.49B	$25.86B	$25.06B	$24.04B	$23.79B	$23.42B	$21.88B
Total debt	$30.57B	$30.74B	$29.34B	$28.86B	$27.47B	$27.02B	$27.25B	$26.48B	$26.64B	$25.29B	$24.89B	$23.91B
Total liabilities	$42.24B	$43.08B	$42.79B	$41.21B	$39.81B	$39.35B	$41.16B	$38.90B	$39.42B	$38.54B	$39.26B	$36.78B
Shareholders' equity	$6.88B	$6.68B	$6.81B	$8.60B	$9.25B	$9.18B	$10.01B	$11.93B	$12.27B	$13.03B	$12.97B	$14.19B

Cash flow

quarters · USD

Quarter ended	Nov 2023	Feb 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Operating cash flow	$922.00M	$1.77B	$2.04B	$1.21B	$911.00M	$925.00M	$2.39B	$1.38B	$1.52B	$1.26B	$2.63B	$1.41B
Capital expenditures	$675.00M	$2.14B	$1.32B	$577.00M	$592.00M	$607.00M	$851.00M	$647.00M	$1.51B	$566.00M	$875.00M	$698.00M
Free cash flow	$247.00M	-$370.00M	$720.00M	$628.00M	$319.00M	$318.00M	$1.54B	$736.00M	$12.00M	$697.00M	$1.75B	$712.00M
Investing cash flow	-$488.00M	-$2.16B	-$1.22B	-$577.00M	-$574.00M	-$605.00M	-$586.00M	-$624.00M	-$1.51B	-$597.00M	-$884.00M	-$702.00M
Financing cash flow	-$860.00M	$237.00M	-$1.42B	-$770.00M	-$631.00M	-$690.00M	-$521.00M	-$1.14B	$166.00M	-$1.17B	-$938.00M	-$1.73B
Dividends paid	—	—	—	—	—	$0	$0	$0	—	$208.00M	$206.00M	$204.00M
Share buybacks	—	—	—	—	—	—	—	$0	—	—	—	$548.00M
Stock-based compensation	$10.00M	$11.00M	$19.00M	$17.00M	$15.00M	$18.00M	$27.00M	$25.00M	$28.00M	$28.00M	$22.00M	$23.00M
Depreciation & amortization	$596.00M	$613.00M	$634.00M	$651.00M	$659.00M	$654.00M	$692.00M	$717.00M	$726.00M	$696.00M	$723.00M	$754.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.