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 growth
Carnival Corporation's revenue growth over the twelve months to 31 August 2026 was 5.20%, down 1.2 percentage points from fiscal 2025 (6.40%). Over the past ten years it has ranged from −73.1% (fiscal 2020) to 537.7% (fiscal 2022); the current reading is higher than 45% of that period. That is below the Travel Services industry median of 12.9% and above the Consumer Cyclical sector median of 4.55%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 6.40% | (9.48) |
| FY2024 | 15.9% | (61.58) |
| FY2023 | 77.5% | (460.28) |
| FY2022 | 537.7% | 603.64 |
| FY2021 | −65.9% | 7.23 |
| FY2020 | −73.1% | (83.43) |
| FY2019 | 10.3% | 2.47 |
| FY2018 | 7.83% | 0.99 |
| FY2017 | 6.84% | 2.54 |
| FY2016 | 4.30% | 5.37 |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Aug 2026 | 3.46% | (1.83) |
| May 2026 | 5.29% | (0.82) |
| Feb 2026 | 6.11% | (0.51) |
| Nov 2025 | 6.62% | 3.37 |
| 43 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| TCOM Trip.com Group Limited Sponsored ADR compare | 22.0% |
| VIK Viking Holdings Ltd. compare | 20.0% |
| ABNB Airbnb, Inc. compare | 13.6% |
| BKNG Booking Holdings Inc. compare | 12.9% |
| EXPE Expedia Group, Inc. compare | 12.0% |
| RCL Royal Caribbean Cruises Ltd. compare | 8.72% |
| MMYT MakeMyTrip Limited compare | 6.86% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 6.21% |
| CCL Carnival Corporation | 5.20% |
| Travel Services industry median | 12.9% |
| Consumer Cyclical sector median | 4.55% |
| Market median | 7.41% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
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