Carnival (CCL) Invested Capital (2009 - 2026)
Carnival (CCL) reported Invested Capital of $39.1 billion for Q1 2026, up 5.85% on a YoY basis from $36.9 billion in Q1 2025, and down 1.55% quarter-over-quarter from $39.7 billion in Q4 2025.
Carnival (CCL) Invested Capital (2009 - 2026) Analysis & Trends
Carnival has reported Invested Capital for 18 years, with the latest figure at $39.1 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 5.85% year-over-year to $39.1 billion; the trailing twelve-month figure through Feb 2026 stood at $39.1 billion (up 5.85% YoY), and the FY2025 full-year result was $39.7 billion, up 282.78% from the prior year.
- Invested Capital for Q1 2026 stood at $39.1 billion, down from $39.7 billion in the prior quarter.
- The five-year high for Invested Capital was $46.0 billion in Q1 2022, with the low at $8.4 billion in Q4 2023.
- Historically, Invested Capital has averaged $34.6 billion across 5 years, with a median of $39.1 billion in 2023.
- Annual changes were most pronounced in 2022 — Invested Capital tumbled 33.11% — and 2025, when it soared 282.78%.
- Carnival's Invested Capital stood at $8.4 billion in 2022, then retreated by 0.37% to $8.4 billion in 2023, then gained by 23.19% to $10.4 billion in 2024, then soared by 282.78% to $39.7 billion in 2025, then decreased by 1.55% to $39.1 billion in 2026.
- The last three Invested Capital figures came in at $39.1 billion (Q1 2026), $39.7 billion (Q4 2025), and $39.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 8.18 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.11 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 9.82 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 39.05 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 6.31 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 18.04 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 3.13 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.63 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 24.09 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 1.40 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 39.05 Bn |
| Nov 30, 2025 | 39.67 Bn |
| Aug 31, 2025 | 39.12 Bn |
| May 31, 2025 | 37.97 Bn |
| Feb 28, 2025 | 36.89 Bn |
| Nov 30, 2024 | 10.36 Bn |
| Aug 31, 2024 | 38.24 Bn |
| May 31, 2024 | 36.97 Bn |
| Feb 29, 2024 | 38.23 Bn |
| Nov 30, 2023 | 8.41 Bn |
| Aug 31, 2023 | 39.05 Bn |
| May 31, 2023 | 40.38 Bn |
| Feb 28, 2023 | 42.13 Bn |
| Nov 30, 2022 | 8.44 Bn |
| Aug 31, 2022 | 43.19 Bn |
| May 31, 2022 | 44.19 Bn |
| Feb 28, 2022 | 46.03 Bn |
| Nov 30, 2021 | 12.62 Bn |
| Aug 31, 2021 | 46.83 Bn |
| May 31, 2021 | 49.35 Bn |