Carnival (CCL) EBITDA Margin (2009 - 2026)
Carnival (CCL) recorded EBITDA Margin of 23.62% in fiscal Q2 2026 (quarter ended May 31, 2026), down 2.07 percentage points from 25.70% a year earlier but up 2.49 percentage points from the prior quarter.
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Analysis
Carnival (CCL) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Carnival's EBITDA Margin came in at 26.82% as of May 31, 2026, up 0.37 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 27.32%, up 2.82 percentage points from FY2024.
- Annual EBITDA Margin has increased for four straight fiscal years, with a five-year change of +145.71 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, EBITDA Margin came in at 24.50% in FY2024 (+4.47 pp), 20.03% in FY2023 (+37.33 pp), -17.29% in FY2022 (+237.22 pp) and -254.51% in FY2021 (-136.12 pp).
- Quarterly EBITDA Margin has ranged from -273.81% in fiscal Q3 2021 to 36.65% in fiscal Q3 2025 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in seven of the last eight quarters, with an average year-over-year change of +2.10 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 5474.58 percentage points in fiscal Q3 2021, against a drop of 2.07 percentage points in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 21.14% (Q1 2026), 23.08% (Q4 2025) and 36.65% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 20.52% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 27.66% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 36.65% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 33.23% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 23.62% |
| 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 | -67.85% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 35.47% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 23.62% |
| Feb 28, 2026 | 21.14% |
| Nov 30, 2025 | 23.08% |
| Aug 31, 2025 | 36.65% |
| May 31, 2025 | 25.70% |
| Feb 28, 2025 | 20.60% |
| Nov 30, 2024 | 20.55% |
| Aug 31, 2024 | 35.83% |
| May 31, 2024 | 20.65% |
| Feb 29, 2024 | 16.44% |
| Nov 30, 2023 | 18.16% |
| Aug 31, 2023 | 32.39% |
| May 31, 2023 | 14.60% |
| Feb 28, 2023 | 9.25% |
| Nov 30, 2022 | -14.77% |
| Aug 31, 2022 | 7.02% |
| May 31, 2022 | -37.53% |
| Feb 28, 2022 | -57.73% |
| Nov 30, 2021 | -104.20% |
| Aug 31, 2021 | -273.81% |
API Access
Carnival EBITDA Margin 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-margin&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();