Carnival Corp. logo

Carnival Corp.(NYSE) CCL

Market Cap$33.61BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1987)+1,231%
5 Year+2%
1 Year-13%
1 Month+1%
Premium Feature
Moneyball Superscore
72/100
$24.60
-2.05%
-0.52Today
After hours$24.65+$0.06 (+0.22%)
Carnival Corp. last closing stock price
MetricPriceDate
Last closeUSD 25.112026-09-29
Carnival Corp. stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+12.7%USD 22.282026-09-22
1 month+1.41%USD 24.762026-08-28
3 month-11.5%USD 28.372026-07-01
Year to date-16.46%USD 30.062025-12-31
1 year-13.22%USD 28.942025-09-29
3 year+85.96%USD 13.502023-09-29
5 year+2.01%USD 24.612021-09-30
Since inception+1,230.96%USD 1.891987-07-24

Carnival Corp. Financials at a Glance

Market Cap

$33.61BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$27.59B

Net Income (TTM)

$3.14B

EPS (TTM)

$2.29

P/E Ratio

10.72

Dividend

$0.45

Beta (Volatility)

1.95 (High)

Price

$24.60

Volume

36,023,660.697

Open

$25.39

Previous Close

$24.54

Daily Range

$24.54 - $25.48

52-Week Range

$21.45 - $34.03

Estimated Earnings Date

Dec 18, 2026

CCL News

carnival cruise line ship at sunset with lights on Image source Carnival.jpg

Fuel Costs Jumped 36% and Carnival Still Posted Record Attributable Net Income. Here's What That Says About the Cruise Boom.

Eric VolkmanSep 30, 2026
STOCK-MARKET-DAILY-ONLY-BullBear-Blue-Orange.png

Stock Market Today, Sept. 29: Carnival Surges 13% on Record Bookings, Raised Guidance

Josh Kohn-LindquistSep 29, 2026
Business person giving a thumbs up Getty Images.jpg

3 Absurdly Cheap Growth Stocks That Are Trading Below $100

David Jagielski, CPASep 29, 2026
Carnival Festivale Rendering

Why Carnival Stock Popped Today

Jeremy BowmanSep 29, 2026
Gettyman-and-woman-relaxing-in-lounge-chairs-on-a-beach-in-the-maldives

3 Reasons for Carnival Investors to Worry About Next Week

Rick MunarrizSep 25, 2026
GettyImages-487190592

Why Is Carnival Stock Down 26% This Year?

Rick MunarrizSep 15, 2026
TMF-Wall-Street-Sign-Green-StockVStock.png

Carnival vs. Uber Technologies: Which Consumer Stock Is a Better Buy in 2026?

Sara AppinoSep 15, 2026
IMK6aKu4lOhtw

Carnival Cruise Stock is an Interesting Situation With Significant Upside

Parkev Tatevosian, CFAAug 31, 2026
Page 1

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About Carnival Corp.

Carnival Corporation Ltd. helps people take vacations on cruise ships. Its vessels travel to hundreds of ports around the world. The company also runs hotels and tours for its guests.

Floating Hotels and Private Islands

  • Passenger Tickets: Cabin stays and transport to global destinations; accounts for 65% of revenue in the nine months ended Aug. 31, 2026.
  • Onboard Services: Sales of drinks, spa treatments, and casino games; represents 35% of revenue in the nine months ended Aug. 31, 2026.
  • Tour Operations: Hotel stays and railcar trips in Alaska and Canada; operates primarily through Holland America Princess Alaska Tours.
  • Port Facilities: Management of docking locations and exclusive island destinations for cruise guests.

How the Business Grows

  • Entered the EU Emissions Trading System on Jan. 1, 2024, to manage carbon emission costs.
  • Expanded the fleet through an ongoing shipbuilding program to increase passenger capacity.
  • Divested two ships during the nine months ended Aug. 31, 2025, to optimize the current fleet.
  • Developed a portfolio of exclusive island destinations for cruise guests.

Why Carnival Stays Afloat

Carnival manages a multi-brand fleet of 87 ships reaching nearly 700 ports across the globe. Its business model relies on collecting guest deposits months before sailing to fund operations and service debt.

A Look at the Numbers

  • Passenger ticket revenue reached $13.8 billion in the nine months ended Aug. 31, 2026, up 3.4% year over year.
  • Onboard and other revenue grew to $7.4 billion in the nine months ended Aug. 31, 2026, up 7.4% year over year.
  • Net income reached $2.7 billion in the nine months ended Aug. 31, 2026, up from $2.3 billion in the same period in 2025.
  • Total liquidity was $5.7 billion as of Aug. 31, 2026, including $1.2 billion in cash.
  • Long-term debt repayments totaled $2.2 billion during the nine months ended Aug. 31, 2026.

The Big Picture

Carnival has transitioned its fleet toward newer, more efficient vessels while expanding its portfolio of private destinations. The company maintains a high-occupancy model that uses advance customer deposits to support its significant capital requirements.

AI Generated • Sep 30, 2026

Industry

Hotels, Restaurants and Leisure

Sector

Consumer Discretionary

CEO

Josh Weinstein

Website

www.carnivalcorp.com

Headquarters

Miami, FL 33178-2428, US

CCL Financials

Key Financial Metrics (TTM)

Gross Margin

34.22%

Operating Margin

15.99%

Net Income Margin

11.37%

Return on Equity

23.91%

Return on Capital

11.13%

Return on Assets

6.30%

Earnings Yield

9.33%

Dividend Yield

1.83%

Payout Ratio

19.70%

Stock Overview

Market Cap

$33.61BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

1.37B

Volume

36.02M

Avg. Volume

20.81M

Financials (TTM)

Gross Profit

$9.44B

Operating Income

$4.41B

EBITDA

$7.27B

Operating Cash Flow

$6.82B

Capital Expenditure

-$3.65B

Free Cash Flow

$3.18B

Cash & ST Invst.

$1.22B

Total Debt

$25.16B

Carnival Corp. Performance Analysis

Carnival Corp. annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-11-30USD 12,168,000,000537.7%
20232023-11-30USD 21,593,000,00077.5%
20242024-11-30USD 25,021,000,00015.9%
20252025-11-30USD 26,622,000,0006.4%
Carnival Corp. sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-11-30-22.4%
Q12026-02-28-2.6%
Q22026-05-318.1%
Q32026-08-3126.6%
Carnival Corp. annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-11-30USD -5.16-39.0%
20232023-11-30USD -0.06-98.9%
20242024-11-30USD 1.44N/A
20252025-11-30USD 2.0240.5%
Carnival Corp. sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-11-30-76.7%
Q12026-02-28-38.7%
Q22026-05-31105.3%
Q32026-08-31259.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$8.44B

+3.5%

Gross Profit

$3.81B

+1.0%

Gross Margin

45.13%

N/A

Market Cap

$33.61BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$210.07K

N/A

Employees

160,000

N/A

Net Income

$1.92B

+3.7%

EBITDA

$2.98B

+3.8%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$1.22B

-30.8%

Total Debt

$25.16B

-9.7%

Accounts Receivable

$670.00M

+2.9%

Inventory

$528.00M

+11.2%

Long Term Debt

$22.96B

-12.6%

Short Term Debt

$2.20B

+38.2%

Return on Assets

6.30%

N/A

Return on Invested Capital

11.82%

N/A

Free Cash Flow

$712.00M

-3.3%

Operating Cash Flow

$1.41B

+2.0%

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Questions About CCL

What is the current price of Carnival Corp.?

Carnival Corp. is trading at $24.54 per share.

What is the 52-week range for Carnival Corp.?

Over the past 52 weeks, Carnival Corp. has traded between $21.45 and $34.03.

How much debt does Carnival Corp. have?

As of the most recent reporting period, Carnival Corp. reported total debt of $25.16B.

How much cash does Carnival Corp. have on hand?

Carnival Corp. reported $1.22B in cash and cash equivalents in its most recent financial results.

What is Carnival Corp.’s dividend yield?

Carnival Corp. currently has a dividend yield of 1.83%.

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