Carnival (CCL) Net Margin (2009 - 2026)
Carnival (CCL) reported Net Margin of 4.27% for Q1 2026, up 556.0% on a YoY basis from 0.65% in Q1 2025, and down 36.01% quarter-over-quarter from 6.67% in Q4 2025.
Carnival (CCL) Net Margin (2009 - 2026) Analysis & Trends
Carnival has reported Net Margin for 18 years, with the latest figure at 4.27% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 556.0% year-over-year to 4.27%; the trailing twelve-month figure through Feb 2026 stood at 11.5% (up 342.0% YoY), and the FY2025 full-year result was 10.37%, up 271.0% from the prior year.
- Net Margin for Q1 2026 stood at 4.27%, down from 6.67% in the prior quarter.
- The five-year high for Net Margin was 22.7% in Q3 2025, with the low at 116.51% in Q1 2022.
- Historically, Net Margin has averaged 11.51% across 5 years, with a median of 0.91% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin jumped 747195 bps — and 2025, when it jumped 73 bps.
- Carnival's Net Margin stood at 41.65% in 2022, then soared by 98 bps to 0.91% in 2023, then surged by 662 bps to 5.1% in 2024, then jumped by 31 bps to 6.67% in 2025, then slumped by 36 bps to 4.27% in 2026.
- The last three Net Margin figures came in at 4.27% (Q1 2026), 6.67% (Q4 2025), and 22.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 9.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 4.27% |
| Nov 30, 2025 | 6.67% |
| Aug 31, 2025 | 22.70% |
| May 31, 2025 | 8.93% |
| Feb 28, 2025 | -1.29% |
| Nov 30, 2024 | 5.10% |
| Aug 31, 2024 | 21.97% |
| May 31, 2024 | 1.57% |
| Feb 29, 2024 | -3.96% |
| Nov 30, 2023 | -0.91% |
| Aug 31, 2023 | 15.67% |
| May 31, 2023 | -8.29% |
| Feb 28, 2023 | -15.64% |
| Nov 30, 2022 | -41.65% |
| Aug 31, 2022 | -17.89% |
| May 31, 2022 | -76.38% |
| Feb 28, 2022 | -116.51% |
| Nov 30, 2021 | -203.57% |
| Aug 31, 2021 | -519.41% |
| May 31, 2021 | -4,144.00% |