Carnival (CCL) EBITDA (2009 - 2026)
Carnival (CCL) posted EBITDA of $851.0 million for Q2 2026, up 40.2% on a QoQ basis from $607.0 million in Q1 2026, and down 8.89% year-over-year from $934.0 million in Q2 2025.
Carnival (CCL) EBITDA (2009 - 2026) Analysis & Trends
Carnival's EBITDA history runs 18 years deep, the most recent figure standing at $851.0 million for Q2 2026.
- Quarterly EBITDA fell 8.89% year-over-year to $851.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $4.5 billion (up 5.88% YoY) and the FY2025 annual result came in at $4.5 billion, up 25.43% from the prior year.
- EBITDA was $851.0 million for Q2 2026 at Carnival, up from $607.0 million in the prior quarter.
- Across five years, EBITDA topped out at $2.3 billion in Q3 2025 and bottomed at -$1.5 billion in Q1 2022.
- A 5-year average of $394.1 million and a median of $551.5 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2023 — EBITDA soared 682.08% — and 2026, when it retreated 8.89%.
- Carnival's EBITDA stood at -$1.1 billion in 2022, then surged by 133.83% to $384.0 million in 2023, then soared by 46.09% to $561.0 million in 2024, then surged by 31.02% to $735.0 million in 2025, then advanced by 15.78% to $851.0 million in 2026.
- Business Quant data shows CCL's EBITDA at $851.0 million in Q2 2026, $607.0 million in Q1 2026, and $735.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 1.27 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 1.16 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 86.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | 502,337.17 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 462,760.00 |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 851.00 Mn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 251.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 232.94 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 40.29 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 3.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 851.00 Mn |
| Feb 28, 2026 | 607.00 Mn |
| Nov 30, 2025 | 735.00 Mn |
| Aug 31, 2025 | 2.27 Bn |
| May 31, 2025 | 934.00 Mn |
| Feb 28, 2025 | 543.00 Mn |
| Nov 30, 2024 | 561.00 Mn |
| Aug 31, 2024 | 2.18 Bn |
| May 31, 2024 | 560.00 Mn |
| Feb 29, 2024 | 276.00 Mn |
| Nov 30, 2023 | 384.00 Mn |
| Aug 31, 2023 | 1.62 Bn |
| May 31, 2023 | 120.00 Mn |
| Feb 28, 2023 | -172.00 Mn |
| Nov 30, 2022 | -1.14 Bn |
| Aug 31, 2022 | -279.00 Mn |
| May 31, 2022 | -1.47 Bn |
| Feb 28, 2022 | -1.49 Bn |
| Nov 30, 2021 | -1.89 Bn |
| Aug 31, 2021 | -2.06 Bn |