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.
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Carnival Corporation (CCL) Revenue
Carnival Corporation's revenue for fiscal 2025 was $26.6B, up 6.40% from $25.0B in fiscal 2024. Over the twelve months to 31 August 2026 it was $27.6B. Over the past ten years it has ranged from $1.9B (fiscal 2021) to $26.6B (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 4 consecutive fiscal years. Carnival Corporation ranks 2nd of 17 Travel Services companies by revenue.
Revenue, annual
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Annual newest first
| Period | Revenue | Change |
|---|---|---|
| FY2025 | $26.6B | 6.40% |
| FY2024 | $25.0B | 15.88% |
| FY2023 | $21.6B | 77.46% |
| FY2022 | $12.2B | 537.74% |
| FY2021 | $1.9B | (65.90%) |
| FY2020 | $5.6B | (73.13%) |
| FY2019 | $20.8B | 10.30% |
| FY2018 | $18.9B | 7.83% |
| FY2017 | $17.5B | 6.84% |
| FY2016 | $16.4B | 4.30% |
Quarterly newest first
| Period | Revenue | Change |
|---|---|---|
| Aug 2026 | $8.4B | 26.59% |
| May 2026 | $6.7B | 8.08% |
| Feb 2026 | $6.2B | (2.62%) |
| Nov 2025 | $6.3B | (22.35%) |
| 43 more quarters | Free account |
Against its own ten years
Revenue against peers
| Company | Revenue |
|---|---|
| BKNG Booking Holdings Inc. compare | $28.2B |
| CCL Carnival Corporation | $27.6B |
| RCL Royal Caribbean Cruises Ltd. compare | $18.7B |
| EXPE Expedia Group, Inc. compare | $15.7B |
| ABNB Airbnb, Inc. compare | $13.2B |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | $10.2B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $9.6B |
| VIK Viking Holdings Ltd. compare | $7.0B |
| MMYT MakeMyTrip Limited compare | $1.1B |
What Revenue is
Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.
Reported line item
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- Net income
- EPS (diluted)
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- P/E ratio
- P/S ratio
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- 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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