Carnival (CCL) EBITDA (2009 - 2026)
Carnival (CCL) recorded EBITDA of $1.57 billion in fiscal Q2 2026 (quarter ended May 31, 2026), down 3.2% from $1.63 billion a year earlier but up 20.8% from the prior quarter.
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Analysis
Carnival (CCL) EBITDA (2009 - 2026) Analysis & Trends
On a TTM basis, Carnival's EBITDA came in at $7.33 billion as of May 31, 2026, up 6.6% year-over-year; for FY2025 (ended Nov 30, 2025), it was $7.27 billion, up 18.6% from FY2024.
- Across earlier fiscal years, EBITDA came in at $6.13 billion in FY2024 (+41.7%), $4.33 billion in FY2023, -$2.1 billion in FY2022 and -$4.86 billion in FY2021.
- Quarterly EBITDA has ranged from -$1.5 billion in fiscal Q3 2021 to $2.99 billion in fiscal Q3 2025 over the past five years.
- On a year-over-year basis, EBITDA rose in seven of the last eight quarters, with growth averaging 19.2%.
- Peak year-over-year performance for EBITDA in the last five years was growth of 635.1% in fiscal Q3 2023, against a decline of 3.2% in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.3 billion (Q1 2026), $1.46 billion (Q4 2025) and $2.99 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 1.45 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 924.00 Mn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 1.77 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 727.95 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 1.57 Bn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -1.24 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 372.44 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.57 Bn |
| Feb 28, 2026 | 1.30 Bn |
| Nov 30, 2025 | 1.46 Bn |
| Aug 31, 2025 | 2.99 Bn |
| May 31, 2025 | 1.63 Bn |
| Feb 28, 2025 | 1.20 Bn |
| Nov 30, 2024 | 1.22 Bn |
| Aug 31, 2024 | 2.83 Bn |
| May 31, 2024 | 1.19 Bn |
| Feb 29, 2024 | 889.00 Mn |
| Nov 30, 2023 | 980.00 Mn |
| Aug 31, 2023 | 2.22 Bn |
| May 31, 2023 | 717.00 Mn |
| Feb 28, 2023 | 410.00 Mn |
| Nov 30, 2022 | -567.00 Mn |
| Aug 31, 2022 | 302.00 Mn |
| May 31, 2022 | -901.00 Mn |
| Feb 28, 2022 | -937.00 Mn |
| Nov 30, 2021 | -1.34 Bn |
| Aug 31, 2021 | -1.50 Bn |
API Access
Carnival EBITDA 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=ebitda&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();