Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
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. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2007–FY2022: $7.33B in buybacks, $12.5B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance on the date hereof of $1,250,000,000 aggregate principal amount of its 5.125% Senior Unsecured Notes due 2029 (the “Original Notes”) and any additional senior unsecured notes (the “Additional Notes”) that may be issued after the Issue Date in compliance with this Indenture.
Issuer evidence: INDENTURE, dated as of October 15, 2025, among Carnival Corporation, a Panamanian corporation (the “Issuer”), Carnival plc, a company incorporated and registered under the laws of England and Wales (“Carnival plc”), the other Guarantors party hereto and U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”), as Principal Paying Agent, as Transfer Agent and as Registrar.
Supporting evidence: The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance on the date hereof of $1,250,000,000 aggregate principal amount of its 5.125% Senior Unsecured Notes due 2029 (the “Original Notes”) and any additional senior unsecured notes (the “Additional Notes”) that may be issued after the Issue Date in compliance with this Indenture.
Supporting evidence: The Issuer has duly authorized the execution and delivery of this Indenture to provide for the issuance on the date hereof of $1,250,000,000 aggregate principal amount of its 5.125% Senior Unsecured Notes due 2029 (the “Original Notes”) and any additional senior unsecured notes (the “Additional Notes”) that may be issued after the Issue Date in compliance with this Indenture.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
2.11×
Peer median 3.26×
EV/EBIT
13.20×
Peer median 13.68×
P/E (TTM)
11.45×
Peer median 17.95×
Peer medians compare against the 7 similar-size Travel Services companies (of 12 listed).
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
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
North America Segment
$17,604,000,000
$16,802,000,000
$14,588,000,000
$8,281,000,000
$1,108,000,000
$3,627,000,000
$13,612,000,000
$12,236,000,000
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
Europe and Asia
—
—
—
—
—
$1,790,000,000
$6,650,000,000
$6,243,000,000
By Geography (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
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
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
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.
