Carnival (CCL) Capital Expenditures (2009 - 2026)

Carnival (CCL) reported Capital Expenditures of $566.0 million for Q1 2026, down 6.75% on a YoY basis from $607.0 million in Q1 2025, and down 62.42% quarter-over-quarter from $1.5 billion in Q4 2025.

Carnival (CCL) Capital Expenditures (2009 - 2026) Analysis & Trends

Carnival has reported Capital Expenditures for 18 years, with the latest figure at $566.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Capital Expenditures fell 6.75% year-over-year to $566.0 million; the trailing twelve-month figure through Feb 2026 stood at $3.6 billion (up 15.35% YoY), and the FY2025 full-year result was $3.6 billion, down 21.94% from the prior year.
  • Capital Expenditures for Q1 2026 stood at $566.0 million, down from $1.5 billion in the prior quarter.
  • The five-year high for Capital Expenditures was $2.7 billion in Q1 2022, with the low at $491.0 million in Q2 2022.
  • Historically, Capital Expenditures has averaged $1.0 billion across 5 years, with a median of $697.0 million in 2023.
  • The largest YoY upside for Capital Expenditures was 154.39% in 2025 against a maximum downside of 71.61% in 2025.
  • Carnival's Capital Expenditures stood at $1.2 billion in 2022, then slumped by 42.85% to $675.0 million in 2023, then slipped by 12.3% to $592.0 million in 2024, then jumped by 154.39% to $1.5 billion in 2025, then tumbled by 62.42% to $566.0 million in 2026.
  • The last three Capital Expenditures figures came in at $566.0 million (Q1 2026), $1.5 billion (Q4 2025), and $647.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 107.00 Mn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 145.00 Mn
4 Carnival 37.80 Bn 36.39 Bn - 566.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 184.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 1.44 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 37.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 19.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Feb 28, 2026 566.00 Mn
Feb 28, 2026 566.00 Mn
Nov 30, 2025 1.51 Bn
Nov 30, 2025 1.51 Bn
Aug 31, 2025 647.00 Mn
Aug 31, 2025 647.00 Mn
May 31, 2025 851.00 Mn
May 31, 2025 851.00 Mn
Feb 28, 2025 607.00 Mn
Feb 28, 2025 607.00 Mn
Nov 30, 2024 592.00 Mn
Nov 30, 2024 592.00 Mn
Aug 31, 2024 577.00 Mn
Aug 31, 2024 577.00 Mn
May 31, 2024 1.32 Bn
May 31, 2024 1.32 Bn
Feb 29, 2024 2.14 Bn
Feb 29, 2024 2.14 Bn
Nov 30, 2023 675.00 Mn
Nov 30, 2023 675.00 Mn