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
DateValue
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