Carnival (CCL) Free Cash Flow (2009 - 2026)

Carnival has reported Free Cash Flow for 18 years, with the latest figure at $697.0 million in Q1 2026.

• For the quarter ending Q1 2026, Free Cash Flow rose 119.18% year-over-year to $697.0 million; the trailing twelve-month figure through Feb 2026 stood at $3.0 billion (up 50.43% YoY), and the FY2025 full-year result was $2.6 billion, up 101.0% from the prior year.
• Free Cash Flow for Q1 2026 stood at $697.0 million, up from $12.0 million in the prior quarter.
• The five-year high for Free Cash Flow was $1.5 billion in Q2 2025, with the low at -$3.9 billion in Q1 2022.
• Historically, Free Cash Flow has averaged -$59.5 million across 5 years, with a median of $318.0 million in 2025.
• Annual changes were most pronounced in 2023 — Free Cash Flow surged 213.04% — and 2025, when it slumped 96.24%.
• Carnival's Free Cash Flow stood at -$1.3 billion in 2022, then surged by 119.03% to $247.0 million in 2023, then increased by 29.15% to $319.0 million in 2024, then tumbled by 96.24% to $12.0 million in 2025, then soared by 5708.33% to $697.0 million in 2026.
• The last three Free Cash Flow figures came in at $697.0 million (Q1 2026), $12.0 million (Q4 2025), and $736.0 million (Q3 2025), per Business Quant data.