stockrowCarnival Corporation
CCLConsumer Cyclical Travel Services
Carnival Corporation’s revenue for fiscal 2025 (year ended November 2025) was $26.6 billion, up 6.40% from fiscal 2024.
- Revenue
- +3.46%
- EPS
- 0.00%
- Free cash flow
- −3.26%
- Total debt
- −9.70%
Quarter to August 2026, against a year earlier
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Carnival Corporation (CCL) Operating margin
Carnival Corporation's operating margin over the twelve months to 31 August 2026 was 16.0%, down 0.9 percentage points from fiscal 2025 (16.8%). Over the past ten years it has ranged from −371.6% (fiscal 2021) to 18.7% (fiscal 2016); the current reading is higher than 82% of that period. That is in line with the Travel Services industry median of 15.6% and above the Consumer Cyclical sector median of 4.21%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 16.8% | 2.56 |
| FY2024 | 14.3% | 5.22 |
| FY2023 | 9.06% | 45.05 |
| FY2022 | −36.0% | 335.60 |
| FY2021 | −371.6% | (213.14) |
| FY2020 | −158.5% | (174.19) |
| FY2019 | 15.7% | (1.86) |
| FY2018 | 17.6% | 1.56 |
| FY2017 | 16.0% | (2.70) |
| FY2016 | 18.7% | 2.36 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Aug 2026 | 26.3% | 13.52 |
| May 2026 | 12.8% | 2.96 |
| Feb 2026 | 9.83% | (1.78) |
| Nov 2025 | 11.6% | (16.26) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| BKNG Booking Holdings Inc. compare | 32.8% |
| RCL Royal Caribbean Cruises Ltd. compare | 27.6% |
| VIK Viking Holdings Ltd. compare | 23.3% |
| ABNB Airbnb, Inc. compare | 22.5% |
| EXPE Expedia Group, Inc. compare | 17.2% |
| TCOM Trip.com Group Limited Sponsored ADR compare | 16.1% |
| CCL Carnival Corporation | 16.0% |
| MMYT MakeMyTrip Limited compare | 15.2% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 13.9% |
| Travel Services industry median | 15.6% |
| Consumer Cyclical sector median | 4.21% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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
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- Current ratio
- Total debt
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- Piotroski F-score
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