Carnival Corporation & plc (CCL)CCLCarnival Corporation & plc

Income Statement

Revenue, expenses, and profitability analysis

Quarterly Income Statement (USD)

Quarterly Report	TTM	05/31/2026	02/28/2026	11/30/2025	08/31/2025	05/31/2025	02/28/2025	11/30/2024	08/31/2024
Revenue	27.311B	6.663B	6.165B	6.330B	8.153B	6.328B	5.810B	5.938B	7.896B
Cost of Goods Sold	17.909B	4.948B	3.939B	4.637B	4.385B	3.886B	3.766B	3.833B	4.303B
Gross Profit	9.402B	1.715B	2.226B	1.693B	3.768B	2.442B	2.044B	2.105B	3.593B
Gross Profit Margin	25.7%	25.7%	36.1%	26.7%	46.2%	38.6%	35.2%	35.4%	45.5%
Total Operating Expenses	4.938B	863.000M	1.619B	959.000M	1.497B	1.508B	1.501B	1.544B	1.415B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.525B	863.000M	924.000M	959.000M	779.000M	816.000M	848.000M	886.000M	763.000M
Operating Income (EBIT)	4.463B	851.000M	607.000M	734.000M	2.271B	934.000M	543.000M	561.000M	2.178B
Operating Margin	12.8%	12.8%	9.8%	11.6%	27.9%	14.8%	9.3%	9.4%	27.6%
Income Before Tax (EBT)	3.096B	555.000M	280.000M	404.000M	1.857B	582.000M	-71.000M	289.000M	1.743B
Interest Income	56.000M	12.000M	12.000M	17.000M	15.000M	12.000M	7.000M	16.000M	19.000M
Interest Expense	1.187B	285.000M	291.000M	315.000M	296.000M	341.000M	377.000M	403.000M	431.000M
Other Income/Expense	-1.368B	-296.000M	-327.000M	-331.000M	-414.000M	-352.000M	-614.000M	-272.000M	-435.000M
Net Income	3.069B	537.000M	258.000M	422.000M	1.852B	565.000M	-78.000M	303.000M	1.735B
Income Tax Expense	-12.000M	-17.000M	17.000M	-18.000M	6.000M	17.000M	7.000M	-14.000M	8.000M
Net Profit Margin	8.1%	8.1%	4.2%	6.7%	22.7%	8.9%	-1.3%	5.1%	22.0%
EBITDA	7.326B	1.574B	1.303B	1.461B	2.988B	1.626B	1.197B	1.220B	2.829B
EBITDA Margin	23.6%	23.6%	21.1%	23.1%	36.6%	25.7%	20.6%	20.5%	35.8%
Depreciation & Amortization	2.863B	723.000M	696.000M	727.000M	717.000M	692.000M	654.000M	659.000M	651.000M
EPS Basic	2.31	0.39	0.19	0.32	1.41	0.43	-0.06	0.17	1.37
EPS Diluted	2.22	0.39	0.19	0.31	1.33	0.42	-0.06	0.17	1.26
Shares Outstanding	1.382B	1.382B	1.379B	1.313B	1.313B	1.312B	1.309B	1.300B	1.267B
Diluted Shares Outstanding	1.388B	1.388B	1.392B	1.403B	1.402B	1.400B	1.309B	1.399B	1.399B

Annual Income Statement (USD)

Annual Report	11/30/2025	11/30/2024	11/30/2023	11/30/2022	11/30/2021	11/30/2020	11/30/2019	11/30/2018
Revenue	26.622B	25.021B	21.593B	12.169B	1.908B	5.594B	20.825B	18.880B
Cost of Goods Sold	18.737B	15.638B	14.317B	11.757B	4.655B	8.245B	12.909B	11.089B
Gross Profit	7.885B	9.383B	7.276B	412.000M	-2.747B	-2.651B	7.916B	7.791B
Gross Profit Margin	29.6%	37.5%	33.7%	3.4%	-144.0%	-47.4%	38.0%	41.3%
Total Operating Expenses	3.402B	5.809B	5.320B	4.791B	4.342B	6.214B	4.640B	4.466B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	3.402B	3.252B	2.950B	2.515B	1.885B	1.878B	2.480B	2.450B
Operating Income (EBIT)	4.483B	3.574B	1.956B	-4.379B	-7.089B	-8.865B	3.276B	3.325B
Operating Margin	16.8%	14.3%	9.1%	-36.0%	-371.5%	-158.5%	15.7%	17.6%
Income Before Tax (EBT)	2.772B	1.915B	-62.000M	-6.080B	-9.522B	-10.253B	3.060B	3.207B
Interest Income	51.000M	93.000M	233.000M	74.000M	12.000M	18.000M	23.000M	14.000M
Interest Expense	1.349B	1.755B	2.066B	1.609B	1.601B	895.000M	206.000M	194.000M
Other Income/Expense	-1.711B	-1.659B	-2.018B	-1.701B	-2.433B	-1.388B	-216.000M	-118.000M
Net Income	2.760B	1.916B	-74.000M	-6.093B	-9.501B	-10.236B	2.990B	3.152B
Income Tax Expense	12.000M	-1.000M	13.000M	14.000M	-21.000M	-17.000M	71.000M	54.000M
Net Profit Margin	10.4%	7.7%	-0.3%	-50.1%	-498.0%	-183.0%	14.4%	16.7%
EBITDA	7.273B	6.131B	4.326B	-2.104B	-4.856B	-6.624B	5.436B	5.342B
EBITDA Margin	27.3%	24.5%	20.0%	-17.3%	-254.5%	-118.4%	26.1%	28.3%
Depreciation & Amortization	2.790B	2.557B	2.370B	2.275B	2.233B	2.241B	2.160B	2.017B
EPS Basic	2.10	1.50	-0.06	-5.16	-8.46	-13.20	4.34	4.45
EPS Diluted	2.02	1.44	-0.06	-5.16	-8.46	-13.20	4.32	4.44
Shares Outstanding	1.312B	1.274B	1.262B	1.180B	1.123B	775.000M	690.000M	709.000M
Diluted Shares Outstanding	1.402B	1.398B	1.262B	1.180B	1.123B	775.000M	692.000M	710.000M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Carnival Corporation & plc

Carnival Corporation & plc operates as a prominent global entity in the leisure travel sector. Its extensive fleet of vessels navigates to nearly 700 different ports globally, sailing under a diverse portfolio of acclaimed brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard. Beyond its core cruise operations, the company also provides port services and other related offerings. Its holdings include and it manages hotels, lodges, unique glass-domed railcars, and motor coaches. Customers primarily book their cruises through a network of travel agencies, tour operators, vacation planners, and direct online channels. The corporation maintains a broad international presence, with operations spanning the United States, Canada, continental Europe, the United Kingdom, Australia, New Zealand, Asia, and other global markets. It commands a significant fleet of 87 ships, collectively providing capacity for 223,000 passengers in lower berths. Carnival Corporation & plc was established in 1972 and has its headquarters situated in Miami, Florida.

Miami, FL

160,000 employees

www.carnivalcorp.com

Consumer Cyclical / Leisure

Sector: Consumer Cyclical
Industry: Leisure
CEO: Joshua Ian Weinstein

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