Carnival (CCL) Interest Expenses (2009 - 2026)
Carnival (CCL) reported Interest Expenses of $291.0 million for Q1 2026, down 22.81% on a YoY basis from $377.0 million in Q1 2025, and down 7.62% quarter-over-quarter from $315.0 million in Q4 2025.
Carnival (CCL) Interest Expenses (2009 - 2026) Analysis & Trends
Carnival has reported Interest Expenses for 18 years, with the latest figure at $291.0 million in Q1 2026.
- For the quarter ending Q1 2026, Interest Expenses fell 22.81% year-over-year to $291.0 million; the trailing twelve-month figure through Feb 2026 stood at $1.3 billion (down 23.9% YoY), and the FY2025 full-year result was $1.3 billion, down 23.13% from the prior year.
- Interest Expenses for Q1 2026 stood at $291.0 million, down from $315.0 million in the prior quarter.
- The five-year high for Interest Expenses was $542.0 million in Q2 2023, with the low at $291.0 million in Q1 2026.
- Historically, Interest Expenses has averaged $415.8 million across 5 years, with a median of $422.0 million in 2022.
- Annual changes were most pronounced in 2023 — Interest Expenses soared 46.49% — and 2025, when it fell 26.45%.
- Carnival's Interest Expenses stood at $448.0 million in 2022, then rose by 4.02% to $466.0 million in 2023, then declined by 13.52% to $403.0 million in 2024, then decreased by 21.84% to $315.0 million in 2025, then dropped by 7.62% to $291.0 million in 2026.
- The last three Interest Expenses figures came in at $291.0 million (Q1 2026), $315.0 million (Q4 2025), and $317.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 253.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | - |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 278.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 291.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 111.00 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 | 27.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 33.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -16.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 16.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 291.00 Mn |
| Feb 28, 2026 | 291.00 Mn |
| Nov 30, 2025 | 315.00 Mn |
| Nov 30, 2025 | 315.00 Mn |
| Aug 31, 2025 | 317.00 Mn |
| Aug 31, 2025 | 317.00 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 | 431.00 Mn |
| Aug 31, 2024 | 431.00 Mn |
| May 31, 2024 | 450.00 Mn |
| May 31, 2024 | 450.00 Mn |
| Feb 29, 2024 | 471.00 Mn |
| Feb 29, 2024 | 471.00 Mn |
| Nov 30, 2023 | 466.00 Mn |
| Nov 30, 2023 | 466.00 Mn |