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) Total debt
Carnival Corporation's total debt at the end of fiscal 2025 was $26.6B, unchanged from fiscal 2024. At the end of the quarter to 31 August 2026 it was $23.9B. Over the past ten years it has ranged from $8.7B (fiscal 2017) to $34.3B (fiscal 2022); the current reading is higher than 64% of that period. Carnival Corporation ranks 1st of 17 Travel Services companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $26.6B | (3.04%) |
| FY2024 | $27.5B | (10.13%) |
| FY2023 | $30.6B | (10.99%) |
| FY2022 | $34.3B | 12.85% |
| FY2021 | $30.4B | 27.50% |
| FY2020 | $23.9B | 111.80% |
| FY2019 | $11.3B | 18.96% |
| FY2018 | $9.5B | 8.78% |
| FY2017 | $8.7B | (2.59%) |
| FY2016 | $8.9B | 2.11% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Aug 2026 | $23.9B | (3.93%) |
| May 2026 | $24.9B | (1.59%) |
| Feb 2026 | $25.3B | (5.07%) |
| Nov 2025 | $26.6B | 0.60% |
| 43 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| CCL Carnival Corporation | $23.9B |
| RCL Royal Caribbean Cruises Ltd. compare | $22.8B |
| BKNG Booking Holdings Inc. compare | $20.2B |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | $15.0B |
| VIK Viking Holdings Ltd. compare | $6.2B |
| EXPE Expedia Group, Inc. compare | $5.5B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $3.9B |
| ABNB Airbnb, Inc. compare | $2.5B |
| MMYT MakeMyTrip Limited compare | $1.4B |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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