Carnival (CCL) Net Cash Flow (2009 - 2026)
Carnival's (CCL) quarterly Net Cash Flow came in at $808.0 million in Q2 2026, down 37.12% YoY from $1.3 billion in Q2 2025, and up 261.6% on a QoQ basis from -$500.0 million in Q1 2026.
Carnival (CCL) Net Cash Flow (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of Net Cash Flow data on file, last reported at $808.0 million in Q2 2026.
- Quarterly Net Cash Flow fell 37.12% year-over-year to $808.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $101.0 million (down 78.91% YoY) and the FY2025 annual result came in at $708.0 million, up 159.2% from the prior year.
- Net Cash Flow rose to $808.0 million in Q2 2026, from -$500.0 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $1.3 billion in Q2 2025 to a low of -$2.5 billion in Q1 2022.
- A 5-year average of -$369.9 million and a median of -$377.5 million in 2025 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2023 — Net Cash Flow plunged 3412.0% — and 2025, when it jumped 313.46%.
- Tracing CCL's Net Cash Flow over 5 years: stood at -$1.1 billion in 2022, then soared by 59.7% to -$426.0 million in 2023, then jumped by 30.99% to -$294.0 million in 2024, then surged by 160.54% to $178.0 million in 2025, then soared by 353.93% to $808.0 million in 2026.
- The last three Net Cash Flow figures came in at $808.0 million (Q2 2026), -$500.0 million (Q1 2026), and $178.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 1.44 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 1.49 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 363.00 Mn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 765.47 Mn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 808.00 Mn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 1.30 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 33.05 Mn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | -50.79 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 74.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 808.00 Mn |
| May 31, 2026 | 808.00 Mn |
| Feb 28, 2026 | -500.00 Mn |
| Feb 28, 2026 | -500.00 Mn |
| Nov 30, 2025 | 178.00 Mn |
| Nov 30, 2025 | 178.00 Mn |
| Aug 31, 2025 | -385.00 Mn |
| Aug 31, 2025 | -385.00 Mn |
| May 31, 2025 | 1.29 Bn |
| May 31, 2025 | 1.29 Bn |
| Feb 28, 2025 | -370.00 Mn |
| Feb 28, 2025 | -370.00 Mn |
| Nov 30, 2024 | -294.00 Mn |
| Nov 30, 2024 | -294.00 Mn |
| Aug 31, 2024 | -142.00 Mn |
| Aug 31, 2024 | -142.00 Mn |
| May 31, 2024 | -602.00 Mn |
| May 31, 2024 | -602.00 Mn |
| Feb 29, 2024 | -158.00 Mn |
| Feb 29, 2024 | -158.00 Mn |