Carnival (CCL) Interest Expenses (2009 - 2026)
Carnival (CCL) posted Interest Expenses of $681.0 million for Q2 2026, down 4.49% on a QoQ basis from $713.0 million in Q1 2026, and up 99.71% year-over-year from $341.0 million in Q2 2025.
Carnival (CCL) Interest Expenses (2009 - 2026) Analysis & Trends
Carnival's Interest Expenses history runs 18 years deep, the most recent figure standing at $681.0 million for Q2 2026.
- Quarterly Interest Expenses rose 99.71% year-over-year to $681.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $681.0 million (down 57.09% YoY) and the FY2025 annual result came in at $1.3 billion, down 23.13% from the prior year.
- Interest Expenses was $681.0 million for Q2 2026 at Carnival, down from $713.0 million in the prior quarter.
- Across five years, Interest Expenses topped out at $828.0 million in Q1 2023 and bottomed at $315.0 million in Q4 2025.
- A 5-year average of $598.6 million and a median of $694.0 million in 2025 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2023 — Interest Expenses soared 125.0% — and 2025, when it sank 58.41%.
- Carnival's Interest Expenses stood at $448.0 million in 2022, then advanced by 4.02% to $466.0 million in 2023, then retreated by 13.52% to $403.0 million in 2024, then dropped by 21.84% to $315.0 million in 2025, then jumped by 116.19% to $681.0 million in 2026.
- Business Quant data shows CCL's Interest Expenses at $681.0 million in Q2 2026, $713.0 million in Q1 2026, and $315.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 272.00 Mn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 320.00 Mn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 166.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -471,000.00 |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -84.94 Mn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 681.00 Mn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 198.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.05 Mn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 16.59 Mn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 27.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 681.00 Mn |
| May 31, 2026 | 681.00 Mn |
| Feb 28, 2026 | 713.00 Mn |
| Feb 28, 2026 | 713.00 Mn |
| Nov 30, 2025 | 315.00 Mn |
| Nov 30, 2025 | 315.00 Mn |
| Aug 31, 2025 | 707.00 Mn |
| Aug 31, 2025 | 707.00 Mn |
| May 31, 2025 | 341.00 Mn |
| May 31, 2025 | 341.00 Mn |
| Feb 28, 2025 | 377.00 Mn |
| Feb 28, 2025 | 377.00 Mn |
| Nov 30, 2024 | 403.00 Mn |
| Nov 30, 2024 | 403.00 Mn |
| Aug 31, 2024 | 788.00 Mn |
| Aug 31, 2024 | 788.00 Mn |
| May 31, 2024 | 820.00 Mn |
| May 31, 2024 | 820.00 Mn |
| Feb 29, 2024 | 813.00 Mn |
| Feb 29, 2024 | 813.00 Mn |