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
DateValue
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