Carnival (CCL) Exchange Rate Effect (2009 - 2026)
Carnival (CCL) reported Exchange Rate Effect of -$2.0 million for Q1 2026, up 66.67% on a YoY basis from -$1.2 million in Q1 2025, and up 81.82% quarter-over-quarter from -$11.0 million in Q4 2025.
Carnival (CCL) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Carnival has reported Exchange Rate Effect for 18 years, with the latest figure at -$2.0 million in Q1 2026.
- For the quarter ending Q1 2026, Exchange Rate Effect rose 66.67% year-over-year to -$2.0 million; the trailing twelve-month figure through Feb 2026 stood at $23.0 million (up 309.09% YoY), and the FY2025 full-year result was $19.0 million, up 337.5% from the prior year.
- Exchange Rate Effect for Q1 2026 stood at -$2.0 million, up from -$11.0 million in the prior quarter.
- The five-year high for Exchange Rate Effect was $30.0 million in Q2 2025, with the low at -$32.0 million in Q3 2022.
- Historically, Exchange Rate Effect has averaged -$3.1 million across 5 years, with a median of -$3.0 million in 2024.
- Annual changes were most pronounced in 2022 — Exchange Rate Effect slumped 640.0% — and 2025, when it soared 1100.0%.
- Carnival's Exchange Rate Effect stood at -$12.0 million in 2022, then jumped by 33.33% to -$8.0 million in 2023, then tumbled by 125.0% to -$18.0 million in 2024, then surged by 38.89% to -$11.0 million in 2025, then jumped by 81.82% to -$2.0 million in 2026.
- The last three Exchange Rate Effect figures came in at -$2.0 million (Q1 2026), -$11.0 million (Q4 2025), and $6.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | -168.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -118.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -1.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -2.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -28.00 Mn |
| 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 | -6.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 3.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -15.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -2.00 Mn |
| Feb 28, 2026 | -2.00 Mn |
| Nov 30, 2025 | -11.00 Mn |
| Nov 30, 2025 | -11.00 Mn |
| Aug 31, 2025 | 6.00 Mn |
| Aug 31, 2025 | 6.00 Mn |
| May 31, 2025 | 30.00 Mn |
| May 31, 2025 | 30.00 Mn |
| Feb 28, 2025 | -6.00 Mn |
| Feb 28, 2025 | -6.00 Mn |
| Nov 30, 2024 | -18.00 Mn |
| Nov 30, 2024 | -18.00 Mn |
| Aug 31, 2024 | 16.00 Mn |
| Aug 31, 2024 | 16.00 Mn |
| May 31, 2024 | -3.00 Mn |
| May 31, 2024 | -3.00 Mn |
| Feb 29, 2024 | -3.00 Mn |
| Feb 29, 2024 | -3.00 Mn |
| Nov 30, 2023 | -8.00 Mn |
| Nov 30, 2023 | -8.00 Mn |