Carnival (CCL) EBT Margin (2009 - 2026)
Carnival's (CCL) quarterly EBT Margin came in at 8.33% in Q2 2026, down 92.0% on a YoY basis from 104.12% in Q2 2025, and up 83.4% quarter-over-quarter from 4.54% in Q1 2026.
Analysis
Carnival (CCL) EBT Margin (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported EBT Margin for 18 consecutive years, with 8.33% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT Margin fell 92.0% year-over-year to 8.33%; the trailing twelve-month figure through May 2026 stood at 11.34% (up 152.0% YoY), and the FY2025 full-year result was 10.41%, up 276.0% from the prior year.
- EBT Margin advanced to 8.33% in Q2 2026 per CCL's latest filing, from 4.54% in the prior quarter.
- Across five years, EBT Margin topped out at 22.78% in Q3 2025 and bottomed at 116.33% in Q1 2022.
- Historically, EBT Margin has averaged 10.34% across 5 years, with a median of 0.47% in 2023.
- The sharpest annual moves came in 2022 and 2026: EBT Margin soared 749521 bps in 2022, then plunged 92 bps in 2026.
- Over 5 years, EBT Margin stood at 41.73% in 2022, then jumped by 98 bps to 0.72% in 2023, then soared by 773 bps to 4.87% in 2024, then surged by 31 bps to 6.38% in 2025, then soared by 31 bps to 8.33% in 2026.
- According to Business Quant data, EBT Margin over the past three periods registered 8.33%, 4.54%, and 6.38% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 23.80% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 27.14% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 8.33% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 8.56% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 0.55% |
Historic Data
Download Data
Historic 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% |