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
DateValue
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