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
Download Data
Historic 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% |