Carnival (CCL) Capital Expenditures (2009 - 2026)
Carnival's Capital Expenditures was $698 million in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 7.9% from $647 million a year earlier but down 20.2% from the prior quarter.
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Analysis
Carnival (CCL) Capital Expenditures (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carnival's Capital Expenditures was $3.65 billion through Aug 31, 2026, up 35.2% year-over-year; for FY2025 (ended Nov 30, 2025), it was $3.61 billion, down 21.9% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 0.0% (FY2020 to FY2025).
- In earlier fiscal years, Capital Expenditures was $4.63 billion in FY2024 (+40.9%), $3.28 billion in FY2023 (-33.5%), $4.94 billion in FY2022 (+37.0%) and $3.61 billion in FY2021 (-0.4%).
- Quarterly Capital Expenditures has moved between $487 million (fiscal Q4 2021) and $2.73 billion (fiscal Q1 2022) over five years.
- Compared with a year earlier, Capital Expenditures was higher in four of the last eight quarters, with growth averaging 6.4%.
- The best year-over-year quarter for Capital Expenditures over five years was fiscal Q4 2025 (growth of 154.4%); the worst was fiscal Q4 2021 (a decline of 71.7%).
- Per Business Quant data, CCL's Capital Expenditures in the three fiscal quarters before Q3 2026 was $875 million (Q2 2026), $566 million (Q1 2026) and $1.51 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 152.00 Mn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 12.00 Mn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 2.74 Bn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 1.80 Bn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 698.00 Mn |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | 22.00 Mn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | -25.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 457.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 698.00 Mn |
| May 31, 2026 | 875.00 Mn |
| Feb 28, 2026 | 566.00 Mn |
| Nov 30, 2025 | 1.51 Bn |
| Aug 31, 2025 | 647.00 Mn |
| May 31, 2025 | 851.00 Mn |
| Feb 28, 2025 | 607.00 Mn |
| Nov 30, 2024 | 592.00 Mn |
| Aug 31, 2024 | 577.00 Mn |
| May 31, 2024 | 1.32 Bn |
| Feb 29, 2024 | 2.14 Bn |
| Nov 30, 2023 | 675.00 Mn |
| Aug 31, 2023 | 837.00 Mn |
| May 31, 2023 | 697.00 Mn |
| Feb 28, 2023 | 1.08 Bn |
| Nov 30, 2022 | 1.18 Bn |
| Aug 31, 2022 | 538.00 Mn |
| May 31, 2022 | 491.00 Mn |
| Feb 28, 2022 | 2.73 Bn |
| Nov 30, 2021 | 487.00 Mn |
API Access
Carnival Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();