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
DateValue
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