Skip to main content
CCL logo

CCL

Carnival Corp Ltd.
$26.68 -0.83 (-3.02%) At close · Jul 7
Market Cap
$36.54B
Shares
1,369,649,119

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue
$26.62B +6.4%
FY2025 Revenue FY2009–FY2025
Net Income
$2.76B +44.1%
FY2025 Net Income FY2009–FY2025
Gross Margin
37.5% +3.8pp
FY2024 Gross Margin FY2009–FY2024
Operating Margin
16.84% +2.6pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
$2.02 +40.3%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
$6.22B +5%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$27.31B $26.62B $25.02B $21.59B $12.17B $1.91B $5.6B $20.83B $18.88B $17.51B $16.39B $13.16B
$15.87B $15.64B $14.32B $12.91B $11.09B $10.5B $9.38B $9.45B $10.4B $10.62B $10.32B $10.3B $9.09B $8.1B
$10.36B $9.38B $7.28B $7.92B $7.79B $7.01B $7.01B $5.05B
37.5% 33.7% 38.01% 41.27% 40.03% 42.75% 38.41%
$3.53B $3.4B $3.25B $2.95B $2.52B $1.89B $1.88B $2.48B $2.45B $2.27B $2.2B $2.07B $2.05B $1.88B $1.72B $1.72B $1.61B $1.59B
$4M
$2.86B $2.79B $2.56B $2.37B $2.28B $2.23B $2.24B $2.16B $2.02B $1.85B $1.74B $1.63B $1.64B $1.59B $1.53B $1.52B $1.42B $1.31B
$13M
$21.76B $21.45B $19.64B $16.55B $9B $14.46B $17.55B $15.56B $14.7B $13.32B $13.14B $14.09B $14.1B $13.74B $13.54B $12.12B $11B
$4.46B $4.48B $3.57B $1.96B -$4.38B -$7.09B -$8.87B $3.28B $3.33B $2.81B $3.07B $2.57B $1.79B $1.35B $1.64B $2.26B $2.35B $2.15B
16.84% 14.28% 9.06% -35.99% -371.54% -158.45% 15.73% 17.61% 16.04% 18.74% 16.37%
$7.33B $7.27B $6.13B $4.33B -$2.1B -$4.86B -$6.62B $5.44B $5.34B $4.66B $4.81B $4.2B $3.43B $2.94B $3.17B $3.78B $3.76B $3.46B
$1.21B $1.35B $1.76B $2.07B $1.61B $1.6B $895M $206M $194M $198M $223M $217M $288M $319M $336M $365M $378M $380M
$56M $51M $93M $233M $74M $12M $18M $23M $14M $9M $6M $8M $8M $11M $10M $11M $12M $14M
-$70M -$4M -$1.66B -$2.02B -$1.7B -$2.43B -$1.39B -$215M -$118M -$143M -$243M -$775M -$547M -$280M -$340M -$343M -$368M -$348M
$9M -$13M -$38M -$129M
$3.09B $2.77B $1.92B -$62M -$6.08B -$9.52B -$10.25B $3.06B $3.21B $2.67B $2.83B $1.8B $1.25B $1.07B $1.3B $1.91B $1.98B $1.81B
$22M $12M -$1M $13M $14M -$21M -$17M $71M $54M $60M $49M $42M $9M -$6M $4M $1M $1M $16M
$3.07B $2.76B $1.92B -$74M -$6.09B -$9.5B -$10.24B $2.99B $3.15B $2.61B $2.78B $1.76B $1.24B $1.08B $1.3B $1.91B $1.98B $1.79B
10.37% 7.66% -0.34% -50.07% -497.96% -182.95% 14.36% 16.69% 14.88% 16.96% 13.6%
-$74M -$6.09B
$3.08B $2.93B $1.88B -$30M -$6.57B -$9.57B -$9.61B $2.87B $2.99B $3.28B $2.07B $632M $459M $1.45B $1.3B $1.96B $1.26B $2.88B
USD/shares $2.10 $1.50 -$0.06 -$5.16 -$8.46 -$13.20 $4.34 $4.45 $3.61 $3.73 $2.26 $1.59 $1.39 $1.67 $2.43 $2.51 $2.27
USD/shares $2.02 $1.44 -$0.06 -$5.16 -$8.46 -$13.20 $4.32 $4.44 $3.59 $3.72 $2.26 $1.59 $1.39 $1.67 $2.42 $2.47 $2.24
shares 1.31B 1.27B 1.26B 1.18B 1.12B 775M 690M 709M 722M 745M 777M 776M 775M 778M 787M 788M
shares 1.4B 1.4B 1.26B 1.18B 1.12B 775M 692M 710M 725M 747M 779M 778M 777M 779M 789M 805M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2022: $6.9B in buybacks, $10.25B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
EV/EBIT
P/E (TTM)
11.91×
Travel Services median 22.95×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30
North America Segment $17,604,000,000 $16,802,000,000 $14,588,000,000
Europe Segment $8,467,000,000 $7,710,000,000 $6,535,000,000 $3,531,000,000 $712,000,000
Cruise $309,000,000 $255,000,000 $206,000,000 $171,000,000 $42,000,000 $68,000,000 $173,000,000 $129,000,000
Tour and Other $241,000,000 $255,000,000 $265,000,000 $185,000,000 $46,000,000 $110,000,000 $390,000,000 $272,000,000
Europeand Asia $1,790,000,000 $6,650,000,000 $6,243,000,000
North Americaand Australia $3,627,000,000 $13,612,000,000 $12,236,000,000
North America and Australia $8,281,000,000 $1,108,000,000

By Geography (USD)

Component 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30
United States $14,847,000,000 $14,061,000,000 $12,253,000,000
All Other Geographic Areas $5,374,000,000 $5,157,000,000 $4,406,000,000 $132,000,000 $31,000,000 $180,000,000 $373,000,000 $327,000,000
Germany $3,348,000,000 $3,063,000,000 $2,651,000,000
United Kingdom $3,054,000,000 $2,740,000,000 $2,284,000,000
Australia And Asia $687,000,000 $2,632,000,000 $2,530,000,000
Australia $252,000,000 $0
Europe $3,918,000,000 $811,000,000 $1,643,000,000 $6,318,000,000 $5,957,000,000
North America $7,866,000,000 $1,066,000,000 $3,084,000,000 $11,502,000,000 $10,066,000,000

By Product & Service (USD)

Component 2025-11-30 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30
Cruise Passenger Ticket $17,419,000,000 $16,463,000,000 $14,067,000,000 $7,022,000,000 $1,000,000,000 $3,684,000,000 $14,104,000,000 $13,930,000,000
Cruise Onboard and Other $9,202,000,000 $8,558,000,000 $7,526,000,000 $5,147,000,000 $908,000,000 $1,910,000,000 $6,721,000,000 $4,950,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30
North America and Australia $2,631,000,000 $1,752,000,000 -$2,170,000,000 -$3,928,000,000
Europe Segment $1,340,000,000 $593,000,000 -$1,830,000,000 -$2,617,000,000
Tour and Other $18,000,000 $11,000,000 -$64,000,000 -$67,000,000 -$29,000,000 $56,000,000 $26,000,000
Cruise -$414,000,000 -$399,000,000 -$315,000,000 -$477,000,000 -$313,000,000 -$347,000,000 -$296,000,000
Europeand Asia -$2,729,000,000 $1,115,000,000 $1,205,000,000
North Americaand Australia -$5,794,000,000 $2,451,000,000 $2,389,000,000

Operating Margin by Segment (%)

Component 2024-11-30 2023-11-30 2022-11-30 2021-11-30 2020-11-30 2019-11-30 2018-11-30
Europe Segment 17.4% 9.1% -51.8% -367.6%
Cruise -162.4% -193.7% -184.2% -1135.7% -460.3% -200.6% -229.5%
Tour and Other 7.1% 4.2% -34.6% -145.7% -26.4% 14.4% 9.6%
Europeand Asia -152.5% 16.8% 19.3%
North Americaand Australia -159.7% 18% 19.5%
North America and Australia -26.2% -354.5%
Key facts CIK 815097 CUSIP G2004J103 13F (30d) 61 filings 22 filers Visit website Investor relations