Carnival (CCL) EBIT Margin (2009 - 2026)
Carnival's (CCL) quarterly EBIT Margin came in at 12.77% in Q2 2026, down 199.0% on a YoY basis from 12.9% in Q2 2025, and up 29.72% quarter-over-quarter from 9.85% in Q1 2026.
Analysis
Carnival (CCL) EBIT Margin (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported EBIT Margin for 18 consecutive years, with 12.77% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT Margin fell 199.0% year-over-year to 12.77%; the trailing twelve-month figure through May 2026 stood at 16.35% (up 11.0% YoY), and the FY2025 full-year result was 16.84%, up 256.0% from the prior year.
- EBIT Margin advanced to 12.77% in Q2 2026 per CCL's latest filing, from 9.85% in the prior quarter.
- Across five years, EBIT Margin topped out at 27.85% in Q3 2025 and bottomed at 91.87% in Q1 2022.
- Historically, EBIT Margin has averaged 1.22% across 5 years, with a median of 9.4% in 2024.
- The sharpest annual moves came in 2022 and 2026: EBIT Margin soared 576967 bps in 2022, then sank 199 bps in 2026.
- Over 5 years, EBIT Margin stood at 29.56% in 2022, then jumped by 124 bps to 7.12% in 2023, then jumped by 33 bps to 9.45% in 2024, then gained by 23 bps to 11.61% in 2025, then rose by 10 bps to 12.77% in 2026.
- According to Business Quant data, EBIT Margin over the past three periods registered 12.77%, 9.85%, and 11.61% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 27.05% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 29.40% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 12.77% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 13.76% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 6.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 12.77% |
| 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% |