Carnival CCL
NYSE CCL
$23.18 -0.33 (-1.40%)
As of: Sep 8, 2026 · 3:59 PM EDT

Carnival (CCL) Net Margin (2009 - 2026)

Carnival's (CCL) quarterly Net Margin came in at 8.07% in Q2 2026, down 90.0% on a YoY basis from 80.74% in Q2 2025, and up 89.27% quarter-over-quarter from 4.27% in Q1 2026.

Analysis

Carnival (CCL) Net Margin (2009 - 2026) Analysis & Trends

Carnival (CCL) has reported Net Margin for 18 consecutive years, with 8.07% the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Net Margin fell 90.0% year-over-year to 8.07%; the trailing twelve-month figure through May 2026 stood at 11.26% (up 151.0% YoY), and the FY2025 full-year result was 10.37%, up 271.0% from the prior year.
  • Net Margin grew to 8.07% in Q2 2026 per CCL's latest filing, from 4.27% in the prior quarter.
  • Across five years, Net Margin topped out at 22.7% in Q3 2025 and bottomed at 116.51% in Q1 2022.
  • Historically, Net Margin has averaged 10.42% across 5 years, with a median of 0.33% in 2023.
  • The sharpest annual moves came in 2022 and 2026: Net Margin surged 747195 bps in 2022, then sank 90 bps in 2026.
  • Over 5 years, Net Margin stood at 41.65% in 2022, then surged by 98 bps to 0.91% in 2023, then jumped by 662 bps to 5.1% in 2024, then soared by 31 bps to 6.67% in 2025, then advanced by 21 bps to 8.07% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 8.07%, 4.27%, and 6.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 23.51%
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn 26.82%
3 Carnival 32.12 Bn 29.88 Bn - 8.07%
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 8.43%
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn -0.71%
Historic Data

Historic Data

Download Data
DateValue
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%