Carnival (CCL) Exchange Rate Effect (2009 - 2026)
Carnival's (CCL) quarterly Exchange Rate Effect came in at -$3.0 million in Q2 2026, down 110.0% on a YoY basis from $30.0 million in Q2 2025, and down 50.0% quarter-over-quarter from -$2.0 million in Q1 2026.
Analysis
Carnival (CCL) Exchange Rate Effect (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Exchange Rate Effect for 18 consecutive years, with -$3.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Exchange Rate Effect fell 110.0% year-over-year to -$3.0 million; the trailing twelve-month figure through May 2026 stood at -$10.0 million (down 145.45% YoY), and the FY2025 full-year result was $19.0 million, up 337.5% from the prior year.
- Exchange Rate Effect eased to -$3.0 million in Q2 2026 per CCL's latest filing, from -$2.0 million in the prior quarter.
- Across five years, Exchange Rate Effect topped out at $30.0 million in Q2 2025 and bottomed 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.
- The sharpest annual moves came in 2022 and 2025: Exchange Rate Effect tumbled 640.0% in 2022, then jumped 1100.0% in 2025.
- Over 5 years, Exchange Rate Effect stood at -$12.0 million in 2022, then soared by 33.33% to -$8.0 million in 2023, then sank by 125.0% to -$18.0 million in 2024, then jumped by 38.89% to -$11.0 million in 2025, then surged by 72.73% to -$3.0 million in 2026.
- According to Business Quant data, Exchange Rate Effect over the past three periods registered -$3.0 million, -$2.0 million, and -$11.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Exchange Rate Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | - |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 1.95 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | -3.00 Mn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | - |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -3.00 Mn |
| Feb 28, 2026 | -2.00 Mn |
| Nov 30, 2025 | -11.00 Mn |
| Aug 31, 2025 | 6.00 Mn |
| May 31, 2025 | 30.00 Mn |
| Feb 28, 2025 | -6.00 Mn |
| Nov 30, 2024 | -18.00 Mn |
| Aug 31, 2024 | 16.00 Mn |
| May 31, 2024 | -3.00 Mn |
| Feb 29, 2024 | -3.00 Mn |
| Nov 30, 2023 | -8.00 Mn |
| Aug 31, 2023 | 19.00 Mn |
| May 31, 2023 | 8.00 Mn |
| Feb 28, 2023 | -2.00 Mn |
| Nov 30, 2022 | -12.00 Mn |
| Aug 31, 2022 | -32.00 Mn |
| May 31, 2022 | -27.00 Mn |
| Feb 28, 2022 | -8.00 Mn |
| Nov 30, 2021 | -26.00 Mn |
| Aug 31, 2021 | -6.00 Mn |