Carnival (CCL) EBT Margin (2009 - 2026)
Carnival (CCL) reported EBT Margin of 22.99% for fiscal Q3 2026 (quarter ended Aug 31, 2026), up 0.17 percentage points from 22.81% a year earlier and up 14.66 percentage points from the prior quarter.
Carnival (CCL) EBT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Carnival's EBT Margin came in at 11.48%, up 1.32 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 10.41%, up 2.76 percentage points from FY2024.
- EBT Margin has increased for four consecutive fiscal years, with a five-year change of +193.67 percentage points (FY2020 to FY2025).
- By fiscal year, EBT Margin came in at 7.65% in FY2024 (+7.94 pp), -0.29% in FY2023 (+49.68 pp), -49.97% in FY2022 (+449.09 pp) and -499.06% in FY2021 (-315.80 pp).
- The fiscal Q3 2026 figure ranks as the highest quarterly EBT Margin since fiscal Q3 2019.
- Year over year, EBT Margin gained in seven of the last eight quarters, with an average year-over-year change of +2.88 percentage points.
- The high point for year-over-year EBT Margin in five years was fiscal Q1 2022 (a gain of 7495.21 percentage points); the low point was fiscal Q2 2026 (a drop of 0.92 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 8.33% (Q2 2026), 4.54% (Q1 2026) and 6.24% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 14.76% |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 20.35% |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 27.14% |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 22.99% |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | -14.17% |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | 9.95% |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | 31.43% |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 8.56% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 22.99% |
| May 31, 2026 | 8.33% |
| Feb 28, 2026 | 4.54% |
| Nov 30, 2025 | 6.24% |
| Aug 31, 2025 | 22.81% |
| 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% |
Carnival EBT 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=ebt-margin&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();