Carnival Corporation
CCL Consumer Cyclical Travel Services
Carnival Corporation’s revenue for fiscal 2025 (year ended November 2025) was $26.6 billion, up 6.40% from fiscal 2024. In the quarter to August 2026, revenue grew 3.46%, EPS was flat, free cash flow fell 3.26% and total debt fell 9.70%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for five.
Follow CCL
Carnival Corporation (CCL) Operating cash flow
Carnival Corporation's operating cash flow for fiscal 2025 was $6.2B, unchanged from fiscal 2024. Over the twelve months to 31 August 2026 it was $6.8B. Over the past ten years it has ranged from −$6.3B (fiscal 2020) to $6.2B (fiscal 2025) — the current reading is the highest in ten years. Operating cash flow has risen for 5 consecutive fiscal years. Carnival Corporation ranks 3rd of 18 Travel Services companies by operating cash flow.
Operating cash flow, annual
Embed this chart
Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $6.2B | 4.98% |
| FY2024 | $5.9B | 38.36% |
| FY2023 | $4.3B | — |
| FY2022 | −$1.7B | — |
| FY2021 | −$4.1B | — |
| FY2020 | −$6.3B | — |
| FY2019 | $5.5B | (1.33%) |
| FY2018 | $5.5B | 4.27% |
| FY2017 | $5.3B | 3.66% |
| FY2016 | $5.1B | 12.96% |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Aug 2026 | $1.4B | (46.39%) |
| May 2026 | $2.6B | 108.23% |
| Feb 2026 | $1.3B | (16.80%) |
| Nov 2025 | $1.5B | 9.76% |
| 43 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| BKNG Booking Holdings Inc. compare | $9.9B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $8.2B |
| CCL Carnival Corporation | $6.8B |
| RCL Royal Caribbean Cruises Ltd. compare | $6.8B |
| EXPE Expedia Group, Inc. compare | $5.2B |
| ABNB Airbnb, Inc. compare | $4.9B |
| VIK Viking Holdings Ltd. compare | $2.6B |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | $2.1B |
| MMYT MakeMyTrip Limited compare | $167.4M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
More on CCL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement