Carnival (CCL) Equity Income (2021 - 2025)

Carnival (CCL) reported Equity Income of $8.0 million for Q3 2025, down 20.0% on a YoY basis from $10.0 million in Q3 2024, and up 900.0% quarter-over-quarter from -$1.0 million in Q2 2025.

Carnival (CCL) Equity Income (2021 - 2025) Analysis & Trends

Carnival has reported Equity Income for 5 years, with the latest figure at $8.0 million in Q3 2025.

  • For the quarter ending Q3 2025, Equity Income fell 20.0% year-over-year to $8.0 million; the trailing twelve-month figure through Aug 2025 stood at $11.0 million (up 83.33% YoY), and the FY2024 full-year result was $9.0 million, up 169.23% from the prior year.
  • Equity Income for Q3 2025 stood at $8.0 million, up from -$1.0 million in the prior quarter.
  • The five-year high for Equity Income was $15.0 million in Q2 2022, with the low at -$38.0 million in Q4 2022.
  • Historically, Equity Income has averaged -$2.8 million across 5 years, with a median of -$2.5 million in 2024.
  • The largest YoY upside for Equity Income was 375.0% in 2023 against a maximum downside of 206.67% in 2023.
  • Carnival's Equity Income stood at -$8.0 million in 2021, then plunged by 375.0% to -$38.0 million in 2022, then soared by 107.89% to $3.0 million in 2023, then surged by 100.0% to $6.0 million in 2024, then jumped by 33.33% to $8.0 million in 2025.
  • The last three Equity Income figures came in at $8.0 million (Q3 2025), -$1.0 million (Q2 2025), and -$2.0 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Income (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 84.00 Mn
4 Carnival 37.80 Bn 36.39 Bn - -
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn -
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 1.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -4.00 Mn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 49,000.00

Historic Data

Download Data
DateValue
Aug 31, 2025 8.00 Mn
May 31, 2025 -1.00 Mn
Feb 28, 2025 -2.00 Mn
Nov 30, 2024 6.00 Mn
Aug 31, 2024 10.00 Mn
May 31, 2024 -4.00 Mn
Feb 29, 2024 -3.00 Mn
Nov 30, 2023 3.00 Mn
Aug 31, 2023 11.00 Mn
May 31, 2023 -16.00 Mn
Feb 28, 2023 -11.00 Mn
Nov 30, 2022 -38.00 Mn
Aug 31, 2022 -4.00 Mn
May 31, 2022 15.00 Mn
Feb 28, 2022 -11.00 Mn
Feb 28, 2021 -8.00 Mn