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Carnival Corp

NYSE: CCL · USD

Carnival Corp financials

6 charts

Revenue

USD millions

$6,663M
Carnival Corp Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2009 Q3$4,139M; Change unavailable vs FY 2009 Q2
FY 2009 Q4$3,206M; −22.5% vs FY 2009 Q3
FY 2010 Q1$3,095M; −3.5% vs FY 2009 Q4
FY 2010 Q2$3,195M; +3.2% vs FY 2010 Q1
FY 2016 Q3$5,097M; Change unavailable vs FY 2016 Q2
FY 2016 Q4$3,935M; −22.8% vs FY 2016 Q3
FY 2017 Q1$3,791M; −3.7% vs FY 2016 Q4
FY 2017 Q2$3,945M; +4.1% vs FY 2017 Q1
FY 2017 Q3$5,515M; +39.8% vs FY 2017 Q2
FY 2017 Q4$4,259M; −22.8% vs FY 2017 Q3
FY 2018 Q1$4,232M; −0.6% vs FY 2017 Q4
FY 2018 Q2$4,357M; +3.0% vs FY 2018 Q1
FY 2018 Q3$5,836M; +33.9% vs FY 2018 Q2
FY 2018 Q4$4,456M; −23.6% vs FY 2018 Q3
FY 2019 Q1$4,673M; +4.9% vs FY 2018 Q4
FY 2019 Q2$4,838M; +3.5% vs FY 2019 Q1
FY 2019 Q3$6,533M; +35.0% vs FY 2019 Q2
FY 2019 Q4$4,782M; −26.8% vs FY 2019 Q3
FY 2020 Q1$4,789M; +0.1% vs FY 2019 Q4
FY 2020 Q2$740M; −84.5% vs FY 2020 Q1
FY 2020 Q3$31M; −95.8% vs FY 2020 Q2
FY 2020 Q4$34M; +9.7% vs FY 2020 Q3
FY 2021 Q1$26M; −23.5% vs FY 2020 Q4
FY 2021 Q2$50M; +92.3% vs FY 2021 Q1
FY 2021 Q3$546M; +992.0% vs FY 2021 Q2
FY 2021 Q4$1,287M; +135.7% vs FY 2021 Q3
FY 2022 Q1$1,623M; +26.1% vs FY 2021 Q4
FY 2022 Q2$2,401M; +47.9% vs FY 2022 Q1
FY 2022 Q3$4,305M; +79.3% vs FY 2022 Q2
FY 2022 Q4$3,839M; −10.8% vs FY 2022 Q3
FY 2023 Q1$4,432M; +15.4% vs FY 2022 Q4
FY 2023 Q2$4,911M; +10.8% vs FY 2023 Q1
FY 2023 Q3$6,854M; +39.6% vs FY 2023 Q2
FY 2023 Q4$5,396M; −21.3% vs FY 2023 Q3
FY 2024 Q1$5,406M; +0.2% vs FY 2023 Q4
FY 2024 Q2$5,781M; +6.9% vs FY 2024 Q1
FY 2024 Q3$7,896M; +36.6% vs FY 2024 Q2
FY 2024 Q4$5,938M; −24.8% vs FY 2024 Q3
FY 2025 Q1$5,810M; −2.2% vs FY 2024 Q4
FY 2025 Q2$6,328M; +8.9% vs FY 2025 Q1
FY 2025 Q3$8,153M; +28.8% vs FY 2025 Q2
FY 2025 Q4$6,330M; −22.4% vs FY 2025 Q3
FY 2026 Q1$6,165M; −2.6% vs FY 2025 Q4
FY 2026 Q2$6,663M; +8.1% vs FY 2026 Q1
Aug 31, 2009 through Sep 25, 2026

Free cash flow

USD millions

$1,755M
Carnival Corp Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2009 Q3$743M; Change unavailable vs FY 2009 Q2
FY 2009 Q4$-266M; −135.8% vs FY 2009 Q3
FY 2010 Q1$-773M; −190.6% vs FY 2009 Q4
FY 2010 Q2$399M; +151.6% vs FY 2010 Q1
FY 2016 Q3$979M; Change unavailable vs FY 2016 Q2
FY 2016 Q4$378M; −61.4% vs FY 2016 Q3
FY 2017 Q1$520M; +37.6% vs FY 2016 Q4
FY 2017 Q2$470M; −9.6% vs FY 2017 Q1
FY 2017 Q3$1,012M; +115.3% vs FY 2017 Q2
FY 2017 Q4$376M; −62.8% vs FY 2017 Q3
FY 2018 Q1$490M; +30.3% vs FY 2017 Q4
FY 2018 Q2$396M; −19.2% vs FY 2018 Q1
FY 2018 Q3$766M; +93.4% vs FY 2018 Q2
FY 2018 Q4$148M; −80.7% vs FY 2018 Q3
FY 2019 Q1$-1,013M; −784.5% vs FY 2018 Q4
FY 2019 Q2$1,161M; +214.6% vs FY 2019 Q1
FY 2019 Q3$818M; −29.5% vs FY 2019 Q2
FY 2019 Q4$-920M; −212.5% vs FY 2019 Q3
FY 2020 Q1$-410M; +55.4% vs FY 2019 Q4
FY 2020 Q2$-3,062M; −646.8% vs FY 2020 Q1
FY 2020 Q3$-3,076M; −0.5% vs FY 2020 Q2
FY 2020 Q4$-3,373M; −9.7% vs FY 2020 Q3
FY 2021 Q1$-3,277M; +2.8% vs FY 2020 Q4
FY 2021 Q2$-1,742M; +46.8% vs FY 2021 Q1
FY 2021 Q3$-1,842M; −5.7% vs FY 2021 Q2
FY 2021 Q4$-855M; +53.6% vs FY 2021 Q3
FY 2022 Q1$-3,942M; −361.1% vs FY 2021 Q4
FY 2022 Q2$-488M; +87.6% vs FY 2022 Q1
FY 2022 Q3$-882M; −80.7% vs FY 2022 Q2
FY 2022 Q4$-1,298M; −47.2% vs FY 2022 Q3
FY 2023 Q1$-687M; +47.1% vs FY 2022 Q4
FY 2023 Q2$440M; +164.0% vs FY 2023 Q1
FY 2023 Q3$997M; +126.6% vs FY 2023 Q2
FY 2023 Q4$247M; −75.2% vs FY 2023 Q3
FY 2024 Q1$-370M; −249.8% vs FY 2023 Q4
FY 2024 Q2$720M; +294.6% vs FY 2024 Q1
FY 2024 Q3$628M; −12.8% vs FY 2024 Q2
FY 2024 Q4$319M; −49.2% vs FY 2024 Q3
FY 2025 Q1$318M; −0.3% vs FY 2024 Q4
FY 2025 Q2$1,541M; +384.6% vs FY 2025 Q1
FY 2025 Q3$736M; −52.2% vs FY 2025 Q2
FY 2025 Q4$12M; −98.4% vs FY 2025 Q3
FY 2026 Q1$697M; +5708.3% vs FY 2025 Q4
FY 2026 Q2$1,755M; +151.8% vs FY 2026 Q1

Net margin

%

8.06%
Carnival Corp Net margin. Reported fiscal history.
Fiscal period%
FY 2009 Q325.92%
FY 2009 Q46.02%
FY 2010 Q15.65%
FY 2010 Q27.89%
FY 2016 Q327.94%
FY 2016 Q415.45%
FY 2017 Q19.29%
FY 2017 Q29.61%
FY 2017 Q324.1%
FY 2017 Q412.82%
FY 2018 Q19.24%
FY 2018 Q212.88%
FY 2018 Q329.25%
FY 2018 Q411.06%
FY 2019 Q17.19%
FY 2019 Q29.32%
FY 2019 Q327.25%
FY 2019 Q48.85%
FY 2020 Q1-16.31%
FY 2020 Q2-591.08%
FY 2020 Q3-9,219.35%
FY 2020 Q4-6,535.29%
FY 2021 Q1-7,588.46%
FY 2021 Q2-4,144%
FY 2021 Q3-519.41%
FY 2021 Q4-203.57%
FY 2022 Q1-116.51%
FY 2022 Q2-76.38%
FY 2022 Q3-17.89%
FY 2022 Q4-41.63%
FY 2023 Q1-15.64%
FY 2023 Q2-8.29%
FY 2023 Q315.67%
FY 2023 Q4-0.89%
FY 2024 Q1-3.96%
FY 2024 Q21.59%
FY 2024 Q321.97%
FY 2024 Q45.1%
FY 2025 Q1-1.34%
FY 2025 Q28.93%
FY 2025 Q322.72%
FY 2025 Q46.67%
FY 2026 Q14.18%
FY 2026 Q28.06%

P/E

× · TTM · Daily

10.06×
Carnival Corp P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2011-07-2915.85×2010-05-31
2011-08-3115.72×2010-05-31
2011-09-3014.43×2010-05-31
2011-10-3116.76×2010-05-31
2011-11-3015.81×2010-05-31
2011-12-3015.54×2010-05-31
2012-01-3114.38×2010-05-31
2012-02-2914.42×2010-05-31
2012-03-3015.27×2010-05-31
2012-04-3015.47×2010-05-31
2012-05-3115.28×2010-05-31
2012-06-2916.32×2010-05-31
2012-07-3115.84×2010-05-31
2012-08-3116.51×2010-05-31
2012-09-2817.34×2010-05-31
2012-10-3118.03×2010-05-31
2012-11-3018.41×2010-05-31
2012-12-3117.51×2010-05-31
2013-01-3118.43×2010-05-31
2013-02-2817.03×2010-05-31
2013-03-2816.33×2010-05-31
2013-04-3016.43×2010-05-31
2013-05-3115.76×2010-05-31
2013-06-2816.32×2010-05-31
2013-07-3117.63×2010-05-31
2013-08-3017.18×2010-05-31
2013-09-3015.54×2010-05-31
2013-10-3116.5×2010-05-31
2013-11-2917.19×2010-05-31
2013-12-3119.12×2010-05-31
2014-01-3118.66×2010-05-31
2014-02-2818.88×2010-05-31
2014-03-3118.02×2010-05-31
2014-04-3018.71×2010-05-31
2014-05-3019.06×2010-05-31
2014-06-3017.92×2010-05-31
2014-07-3117.24×2010-05-31
2014-08-2918.03×2010-05-31
2014-09-3019.12×2010-05-31
2014-10-3119.11×2010-05-31
2014-11-2821.02×2010-05-31
2014-12-3121.58×2010-05-31
2015-01-3020.93×2010-05-31
2015-02-2720.94×2010-05-31
2015-03-3122.78×2010-05-31
2015-04-3020.93×2010-05-31
2015-05-2922.06×2010-05-31
2015-06-3023.51×2010-05-31
2015-07-3125.37×2010-05-31
2015-08-3123.44×2010-05-31
2015-09-3023.66×2010-05-31
2015-10-3025.75×2010-05-31
2015-11-3024.06×2010-05-31
2015-12-3125.94×2010-05-31
2016-01-2922.91×2010-05-31
2016-02-2922.83×2010-05-31
2016-03-3125.12×2010-05-31
2016-04-2923.35×2010-05-31
2016-05-3122.73×2010-05-31
2016-06-3021.04×2010-05-31
2016-07-2922.24×2010-05-31
2016-08-3122.76×2010-05-31
2016-09-3023.24×2010-05-31
2016-10-3123.38×2010-05-31
2016-11-3024.48×2010-05-31
2016-12-3024.78×2010-05-31
2017-01-3114.46×2016-11-30
2017-02-2814.61×2016-11-30
2017-03-3115.39×2016-11-30
2017-04-2816.13×2016-11-30
2017-05-3116.73×2016-11-30
2017-06-3017.13×2016-11-30
2017-07-3117.57×2017-05-31
2017-08-3118.28×2017-05-31
2017-09-2916.99×2017-05-31
2017-10-3118.07×2017-08-31
2017-11-3017.86×2017-08-31
2017-12-2918.06×2017-08-31
2018-01-3119.76×2017-11-30
2018-02-2818.46×2017-11-30
2018-03-2917.83×2018-02-28
2018-04-3017.14×2018-02-28
2018-05-3116.93×2018-02-28
2018-06-2914.49×2018-05-31
2018-07-3114.98×2018-05-31
2018-08-3115.55×2018-05-31
2018-09-2814.07×2018-08-31
2018-10-3112.36×2018-08-31
2018-11-3013.3×2018-08-31
2018-12-3110.88×2018-08-31
2019-01-3112.75×2018-11-30
2019-02-2812.79×2018-11-30
2019-03-2911.23×2018-11-30
2019-04-3012.31×2019-02-28
2019-05-3111.49×2019-02-28
2019-06-2810.8×2019-05-31
2019-07-3110.96×2019-05-31
2019-08-3010.23×2019-05-31
2019-09-309.87×2019-08-31
2019-10-319.69×2019-08-31
2019-11-2910.18×2019-08-31
2019-12-3111.48×2019-08-31
2020-01-3110.03×2019-11-30
2020-02-287.71×2019-11-30
2020-03-313.03×2019-11-30
2020-04-305.81×2020-02-29
2020-05-295.75×2020-02-29
2020-06-306×2020-02-29
2020-07-31—2020-05-31
2020-08-31—2020-05-31
2020-09-30—2020-05-31
2020-10-30—2020-08-31
2020-11-30—2020-08-31
2020-12-31—2020-08-31
2021-01-29—2020-11-30
2021-02-26—2020-11-30
2021-03-31—2020-11-30
2021-04-30—2021-02-28
2021-05-28—2021-02-28
2021-06-30—2021-05-31
2021-07-30—2021-05-31
2021-08-31—2021-05-31
2021-09-30—2021-05-31
2021-10-29—2021-08-31
2021-11-30—2021-08-31
2021-12-31—2021-08-31
2022-01-31—2021-11-30
2022-02-28—2021-11-30
2022-03-31—2022-02-28
2022-04-29—2022-02-28
2022-05-31—2022-02-28
2022-06-30—2022-05-31
2022-07-29—2022-05-31
2022-08-31—2022-05-31
2022-09-30—2022-05-31
2022-10-31—2022-08-31
2022-11-30—2022-08-31
2022-12-30—2022-08-31
2023-01-31—2022-11-30
2023-02-28—2022-11-30
2023-03-31—2022-11-30
2023-04-28—2022-11-30
2023-05-31—2022-11-30
2023-06-30—2022-11-30
2023-07-31—2022-11-30
2023-08-31—2022-11-30
2023-09-29—2022-11-30
2023-10-31—2023-08-31
2023-11-30—2023-08-31
2023-12-29—2023-08-31
2024-01-31—2023-11-30
2024-02-29—2023-11-30
2024-03-2851×2024-02-29
2024-04-3046.25×2024-02-29
2024-05-3147.06×2024-02-29
2024-06-2826.32×2024-05-31
2024-07-3123.42×2024-05-31
2024-08-3023.2×2024-05-31
2024-09-3025.98×2024-05-31
2024-10-3119.67×2024-08-31
2024-11-2922.73×2024-08-31
2024-12-3122.28×2024-08-31
2025-01-3120.19×2024-11-30
2025-02-2817.46×2024-11-30
2025-03-3112.46×2025-02-28
2025-04-3011.7×2025-02-28
2025-05-3014.81×2025-02-28
2025-06-3015.59×2025-05-31
2025-07-3116.51×2025-05-31
2025-08-2917.68×2025-05-31
2025-09-3015.34×2025-08-31
2025-10-3115.3×2025-08-31
2025-11-2813.68×2025-08-31
2025-12-3116.21×2025-08-31
2026-01-3015.28×2025-11-30
2026-02-2716.06×2025-11-30
2026-03-3111.63×2026-02-28
2026-04-3011.92×2026-02-28
2026-05-2912.61×2026-02-28
2026-06-3012.92×2026-05-31
2026-07-3112.58×2026-05-31
2026-08-3110.8×2026-05-31
2026-09-2510.06×2026-05-31
Mean 17.62×Median 17.11×41% below median

ROIC

% · Annual / TTM

—
Carnival Corp ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2009 Q3—
FY 2009 Q4—
FY 2010 Q1—
FY 2010 Q2—
FY 2016 Q3—
FY 2016 Q4—
FY 2017 Q1—
FY 2017 Q2—
FY 2017 Q38.67%
FY 2017 Q48.52%
FY 2018 Q18.64%
FY 2018 Q28.87%
FY 2018 Q39.81%
FY 2018 Q49.79%
FY 2019 Q19.42%
FY 2019 Q29.53%
FY 2019 Q39.52%
FY 2019 Q49.13%
FY 2020 Q15.87%
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q4—
FY 2022 Q1—
FY 2022 Q2—
FY 2022 Q3—
FY 2022 Q4—
FY 2023 Q1—
FY 2023 Q2—
FY 2023 Q3—
FY 2023 Q4—
FY 2024 Q16.67%
FY 2024 Q28.12%
FY 2024 Q39.39%
FY 2024 Q4—
FY 2025 Q110.86%
FY 2025 Q212.03%
FY 2025 Q311.8%
FY 2025 Q412.31%
FY 2026 Q1—
FY 2026 Q2—

Capital allocation

% of tracked cash uses

$1,081M
Carnival Corp capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2009 Q391.21% · $446MUnavailable8.79% · $43M0% · $0MUnavailable100% · $489M
FY 2009 Q487.79% · $978MUnavailable12.21% · $136M0% · $0MUnavailable100% · $1,114M
FY 2010 Q195.2% · $1,169MUnavailable4.8% · $59M0% · $0MUnavailable100% · $1,228M
FY 2010 Q275.45% · $999MUnavailable18.58% · $246M5.97% · $79MUnavailable100% · $1,324M
FY 2016 Q331.67% · $450MUnavailable49.89% · $709M18.44% · $262MUnavailable100% · $1,421M
FY 2016 Q457.07% · $646MUnavailable20.32% · $230M22.61% · $256MUnavailable100% · $1,132M
FY 2017 Q156.05% · $412MUnavailable9.39% · $69M34.56% · $254MUnavailable100% · $735M
FY 2017 Q281.16% · $1,447MUnavailable4.66% · $83M14.19% · $253MUnavailable100% · $1,783M
FY 2017 Q349.66% · $437MUnavailable17.39% · $153M32.95% · $290MUnavailable100% · $880M
FY 2017 Q454.68% · $648MUnavailable20.84% · $247M24.47% · $290MUnavailable100% · $1,185M
FY 2018 Q151.48% · $574MUnavailable19.55% · $218M28.97% · $323MUnavailable100% · $1,115M
FY 2018 Q272.47% · $1,627MUnavailable13.14% · $295M14.39% · $323MUnavailable100% · $2,245M
FY 2018 Q335.72% · $583MUnavailable42.4% · $692M21.88% · $357MUnavailable100% · $1,632M
FY 2018 Q461.08% · $965MUnavailable16.65% · $263M22.28% · $352MUnavailable100% · $1,580M
FY 2019 Q177.39% · $2,129MUnavailable9.96% · $274M12.65% · $348MUnavailable100% · $2,751M
FY 2019 Q269.69% · $892MUnavailable3.28% · $42M27.03% · $346MUnavailable100% · $1,280M
FY 2019 Q345.91% · $427MUnavailable16.77% · $156M37.31% · $347MUnavailable100% · $930M
FY 2019 Q480.59% · $1,981MUnavailable5.33% · $131M14.08% · $346MUnavailable100% · $2,458M
FY 2020 Q178.83% · $1,326MUnavailable0.71% · $12M20.45% · $344MUnavailable100% · $1,682M
FY 2020 Q249.78% · $342MUnavailable0% · $0M50.22% · $345MUnavailable100% · $687M
FY 2020 Q3100% · $231MUnavailable0% · $0M0% · $0MUnavailable100% · $231M
FY 2020 Q4100% · $1,721MUnavailable0% · $0M0% · $0MUnavailable100% · $1,721M
FY 2021 Q1100% · $1,774MUnavailable0% · $0M0% · $0MUnavailable100% · $1,774M
FY 2021 Q2100% · $383MUnavailable0% · $0M0% · $0MUnavailable100% · $383M
FY 2021 Q391.11% · $963MUnavailable8.89% · $94M0% · $0MUnavailable100% · $1,057M
FY 2021 Q4100% · $487MUnavailableUnavailable0% · $0MUnavailable100% · $487M
FY 2022 Q1100% · $2,730MUnavailableUnavailableUnavailableUnavailable100% · $2,730M
FY 2022 Q2100% · $491MUnavailableUnavailableUnavailableUnavailable100% · $491M
FY 2022 Q3100% · $538MUnavailableUnavailableUnavailableUnavailable100% · $538M
FY 2022 Q4100% · $1,181MUnavailableUnavailableUnavailableUnavailable100% · $1,181M
FY 2023 Q1100% · $1,075MUnavailableUnavailableUnavailableUnavailable100% · $1,075M
FY 2023 Q2100% · $697MUnavailableUnavailableUnavailableUnavailable100% · $697M
FY 2023 Q3100% · $837MUnavailableUnavailableUnavailableUnavailable100% · $837M
FY 2023 Q4100% · $675MUnavailableUnavailableUnavailableUnavailable100% · $675M
FY 2024 Q1100% · $2,138MUnavailableUnavailableUnavailableUnavailable100% · $2,138M
FY 2024 Q2100% · $1,319MUnavailableUnavailableUnavailableUnavailable100% · $1,319M
FY 2024 Q3100% · $577MUnavailableUnavailableUnavailableUnavailable100% · $577M
FY 2024 Q4100% · $592MUnavailableUnavailableUnavailableUnavailable100% · $592M
FY 2025 Q1100% · $607MUnavailableUnavailable0% · $0MUnavailable100% · $607M
FY 2025 Q2100% · $851MUnavailableUnavailable0% · $0MUnavailable100% · $851M
FY 2025 Q3100% · $647MUnavailableUnavailableUnavailableUnavailable100% · $647M
FY 2025 Q4100% · $1,506MUnavailableUnavailableUnavailableUnavailable100% · $1,506M
FY 2026 Q173.13% · $566MUnavailableUnavailable26.87% · $208MUnavailable100% · $774M
FY 2026 Q280.94% · $875MUnavailableUnavailable19.06% · $206MUnavailable100% · $1,081M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Carnival Corp.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources