Carnival (CCL) EBT Margin (2009 - 2026)
Carnival's (CCL) quarterly EBT Margin came in at 8.33% in Q2 2026, down 92.0% YoY from 104.12% in Q2 2025, and up 83.4% on a QoQ basis from 4.54% in Q1 2026.
Carnival (CCL) EBT Margin (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of EBT Margin data on file, last reported at 8.33% in Q2 2026.
- Quarterly EBT Margin fell 92.0% year-over-year to 8.33% in Q2 2026, while the trailing twelve-month figure through May 2026 was 11.34% (up 152.0% YoY) and the FY2025 annual result came in at 10.41%, up 276.0% from the prior year.
- EBT Margin improved to 8.33% in Q2 2026, from 4.54% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 22.78% in Q3 2025 to a low of 116.33% in Q1 2022.
- A 5-year average of 10.34% and a median of 0.47% in 2023 frame the typical range for EBT Margin.
- Annual changes were most pronounced in 2022 — EBT Margin surged 749521 bps — and 2026, when it tumbled 92 bps.
- Tracing CCL's EBT Margin over 5 years: stood at 41.73% in 2022, then surged by 98 bps to 0.72% in 2023, then jumped by 773 bps to 4.87% in 2024, then soared by 31 bps to 6.38% in 2025, then jumped by 31 bps to 8.33% in 2026.
- The last three EBT Margin figures came in at 8.33% (Q2 2026), 4.54% (Q1 2026), and 6.38% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 34.82% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 24.86% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.70% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.33% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 23.80% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 28.21% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.56% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 5.41% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 8.33% |
| Feb 28, 2026 | 4.54% |
| Nov 30, 2025 | 6.38% |
| Aug 31, 2025 | 22.78% |
| May 31, 2025 | 9.24% |
| Feb 28, 2025 | -1.17% |
| Nov 30, 2024 | 4.87% |
| Aug 31, 2024 | 22.07% |
| May 31, 2024 | 1.66% |
| Feb 29, 2024 | -3.96% |
| Nov 30, 2023 | -0.72% |
| Aug 31, 2023 | 15.54% |
| May 31, 2023 | -8.19% |
| Feb 28, 2023 | -15.48% |
| Nov 30, 2022 | -41.73% |
| Aug 31, 2022 | -17.63% |
| May 31, 2022 | -76.26% |
| Feb 28, 2022 | -116.33% |
| Nov 30, 2021 | -203.89% |
| Aug 31, 2021 | -523.63% |