Carnival (CCL) EBIT Margin (2009 - 2026)
Carnival (CCL) reported EBIT Margin of 9.85% for Q1 2026, up 50.0% on a YoY basis from 6.56% in Q1 2025, and down 15.2% quarter-over-quarter from 11.61% in Q4 2025.
Carnival (CCL) EBIT Margin (2009 - 2026) Analysis & Trends
Carnival has reported EBIT Margin for 18 years, with the latest figure at 9.85% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 50.0% year-over-year to 9.85%; the trailing twelve-month figure through Feb 2026 stood at 16.86% (up 174.0% YoY), and the FY2025 full-year result was 16.84%, up 256.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 9.85%, down from 11.61% in the prior quarter.
- The five-year high for EBIT Margin was 27.85% in Q3 2025, with the low at 91.87% in Q1 2022.
- Historically, EBIT Margin has averaged 2.04% across 5 years, with a median of 9.35% in 2025.
- Annual changes were most pronounced in 2022 — EBIT Margin surged 576967 bps — and 2025, when it increased 27 bps.
- Carnival's EBIT Margin stood at 29.56% in 2022, then surged by 124 bps to 7.12% in 2023, then surged by 33 bps to 9.45% in 2024, then increased by 23 bps to 11.61% in 2025, then dropped by 15 bps to 9.85% in 2026.
- The last three EBIT Margin figures came in at 9.85% (Q1 2026), 11.61% (Q4 2025), and 27.85% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.98% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 3.21% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 26.10% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 9.85% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 7.33% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 9.99% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 0.36% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 16.55% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 16.49% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 16.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 9.85% |
| Nov 30, 2025 | 11.61% |
| Aug 31, 2025 | 27.85% |
| May 31, 2025 | 14.76% |
| Feb 28, 2025 | 9.35% |
| Nov 30, 2024 | 9.45% |
| Aug 31, 2024 | 27.58% |
| May 31, 2024 | 9.69% |
| Feb 29, 2024 | 5.11% |
| Nov 30, 2023 | 7.12% |
| Aug 31, 2023 | 23.69% |
| May 31, 2023 | 2.44% |
| Feb 28, 2023 | -3.88% |
| Nov 30, 2022 | -29.56% |
| Aug 31, 2022 | -6.48% |
| May 31, 2022 | -61.35% |
| Feb 28, 2022 | -91.87% |
| Nov 30, 2021 | -147.09% |
| Aug 31, 2021 | -376.74% |
| May 31, 2021 | -3,232.00% |