Carnival (CCL) Net Margin (2009 - 2026)
Carnival's (CCL) quarterly Net Margin came in at 8.07% in Q2 2026, down 90.0% YoY from 80.74% in Q2 2025, and up 89.27% on a QoQ basis from 4.27% in Q1 2026.
Carnival (CCL) Net Margin (2009 - 2026) Analysis & Trends
Carnival (CCL) has 18 years of Net Margin data on file, last reported at 8.07% in Q2 2026.
- Quarterly Net Margin fell 90.0% year-over-year to 8.07% in Q2 2026, while the trailing twelve-month figure through May 2026 was 11.26% (up 151.0% YoY) and the FY2025 annual result came in at 10.37%, up 271.0% from the prior year.
- Net Margin climbed to 8.07% in Q2 2026, from 4.27% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 22.7% in Q3 2025 to a low of 116.51% in Q1 2022.
- A 5-year average of 10.42% and a median of 0.33% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin jumped 747195 bps — and 2026, when it plunged 90 bps.
- Tracing CCL's Net Margin over 5 years: 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 rose by 21 bps to 8.07% in 2026.
- The last three Net Margin figures came in at 8.07% (Q2 2026), 4.27% (Q1 2026), and 6.67% (Q4 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 | 159.34 Bn | 142.12 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.99% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.07% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 20.28% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 8.07% |
| Feb 28, 2026 | 4.27% |
| Nov 30, 2025 | 6.67% |
| Aug 31, 2025 | 22.70% |
| May 31, 2025 | 8.98% |
| 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% |