Carnival (CCL) Cash from Operations (2009 - 2026)
Carnival's Cash from Operations was $1.41 billion in fiscal Q3 2026 (quarter ended Aug 31, 2026), up 2.0% from $1.38 billion a year earlier but down 46.4% from the prior quarter.
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Analysis
Carnival (CCL) Cash from Operations (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Carnival's Cash from Operations was $6.82 billion through Aug 31, 2026, up 21.6% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $6.22 billion, up 5.0% from FY2024.
- In earlier fiscal years, Cash from Operations was $5.92 billion in FY2024 (+38.4%), $4.28 billion in FY2023, -$1.67 billion in FY2022 and -$4.11 billion in FY2021.
- Quarterly Cash from Operations has moved between -$1.21 billion (fiscal Q1 2022) and $2.63 billion (fiscal Q2 2026) over five years.
- Compared with a year earlier, Cash from Operations has increased for six straight quarters, with growth averaging 12.3% over the last eight quarters.
- The best year-over-year quarter for Cash from Operations over five years was fiscal Q1 2024 (growth of 355.7%); the worst was fiscal Q1 2025 (a decline of 47.7%).
- Per Business Quant data, CCL's Cash from Operations in the three fiscal quarters before Q3 2026 was $2.63 billion (Q2 2026), $1.26 billion (Q1 2026) and $1.52 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 948.00 Mn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 472.00 Mn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 1.86 Bn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 389.13 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 1.41 Bn |
| 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 | 50.00 Mn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | 503.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 602.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 1.41 Bn |
| May 31, 2026 | 2.63 Bn |
| Feb 28, 2026 | 1.26 Bn |
| Nov 30, 2025 | 1.52 Bn |
| Aug 31, 2025 | 1.38 Bn |
| May 31, 2025 | 2.39 Bn |
| Feb 28, 2025 | 925.00 Mn |
| Nov 30, 2024 | 911.00 Mn |
| Aug 31, 2024 | 1.21 Bn |
| May 31, 2024 | 2.04 Bn |
| Feb 29, 2024 | 1.77 Bn |
| Nov 30, 2023 | 922.00 Mn |
| Aug 31, 2023 | 1.83 Bn |
| May 31, 2023 | 1.14 Bn |
| Feb 28, 2023 | 388.00 Mn |
| Nov 30, 2022 | -117.00 Mn |
| Aug 31, 2022 | -344.00 Mn |
| May 31, 2022 | 3.00 Mn |
| Feb 28, 2022 | -1.21 Bn |
| Nov 30, 2021 | -368.00 Mn |
API Access
Carnival Cash from Operations 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=cash-from-operations&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();