Carnival (CCL) FCF Payout Ratio (2009 - 2026)

Carnival (CCL) posted FCF Payout Ratio of 0.12 for Q2 2026, down 60.67% on a QoQ basis from 0.3 in Q1 2026.

Carnival (CCL) FCF Payout Ratio (2009 - 2026) Analysis & Trends

Carnival's FCF Payout Ratio history runs 13 years deep, the most recent figure standing at 0.12 for Q2 2026.

Quarterly FCF Payout Ratio changed N/A year-over-year to 0.12 in Q2 2026, while the trailing twelve-month figure through May 2026 was 0.13 (changed N/A YoY) and the FY2020 annual result came in at 0.07, down 100.23% from the prior year.
FCF Payout Ratio was 0.12 for Q2 2026 at Carnival, down from 0.3 in the prior quarter.
Across five years, FCF Payout Ratio topped out at 0.3 in Q1 2026 and bottomed at 0.12 in Q2 2026.

Peer Comparison

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Cover (Qtr)
1	Booking Holdings	136.54 Bn	120.51 Bn	3.46 Bn	0.11
2	Royal Caribbean Cruises	86.11 Bn	85.59 Bn	2.21 Bn	0.20
3	Airbnb	82.27 Bn	70.26 Bn	2.10 Bn	-
4	Yatra Online	55.46 Bn	55.47 Bn	10.44 Mn	-
5	Viking Holdings	44.18 Bn	40.37 Bn	713.43 Mn	-
6	Carnival	34.61 Bn	32.38 Bn	-	0.12
7	Expedia	31.38 Bn	28.88 Bn	3.05 Bn	0.02
8	Norwegian Cruise Line Holdings	8.54 Bn	8.35 Bn	953.34 Mn	-
9	MakeMyTrip	5.02 Bn	4.60 Bn	199.14 Mn	-
10	Global Business Travel	4.83 Bn	4.43 Bn	490.00 Mn	-

Historic Data

Download Data

Date	Value
May 31, 2026	0.12
Feb 28, 2026	0.30
May 31, 2020	-0.11
Feb 29, 2020	-0.84
Nov 30, 2019	-0.38
Aug 31, 2019	0.42
May 31, 2019	0.30
Feb 28, 2019	-0.34
Nov 30, 2018	2.38
Aug 31, 2018	0.47
May 31, 2018	0.82
Feb 28, 2018	0.66
Nov 30, 2017	0.77
Aug 31, 2017	0.29
May 31, 2017	0.54
Feb 28, 2017	0.49
Nov 30, 2016	0.68
Aug 31, 2016	0.27
May 31, 2016	0.92
Feb 29, 2016	0.50