Carnival (CCL) Net Margin (2009 - 2026)
Carnival's Net Margin came in at 22.76% for fiscal Q3 2026 (quarter ended Aug 31, 2026), up 0.05 percentage points from 22.72% a year earlier and up 14.70 percentage points from the prior quarter.
Carnival (CCL) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 31, 2026, Carnival reported Net Margin of 11.37%, up 1.30 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it was 10.37%, up 2.71 percentage points from FY2024.
- Net Margin has increased in each of the last four fiscal years, with a five-year change of +193.32 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Net Margin was 7.66% in FY2024 (+8.00 pp), -0.34% in FY2023 (+49.73 pp), -50.07% in FY2022 (+447.88 pp) and -497.96% in FY2021 (-315.01 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Net Margin since fiscal Q3 2019.
- Year-over-year, Net Margin increased in seven of the last eight quarters, with an average year-over-year change of +2.87 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q1 2022 (a gain of 7471.95 percentage points), and the weakest in fiscal Q2 2026 (a drop of 0.87 percentage points).
- Business Quant data shows CCL's Net Margin at 8.06% (Q2 2026), 4.18% (Q1 2026) and 6.67% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 10.83% |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 14.43% |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 23.34% |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 26.82% |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 22.76% |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | -15.57% |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | 6.01% |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | 22.06% |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 8.43% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 22.76% |
| May 31, 2026 | 8.06% |
| Feb 28, 2026 | 4.18% |
| Nov 30, 2025 | 6.67% |
| Aug 31, 2025 | 22.72% |
| May 31, 2025 | 8.93% |
| Feb 28, 2025 | -1.34% |
| Nov 30, 2024 | 5.10% |
| Aug 31, 2024 | 21.97% |
| May 31, 2024 | 1.59% |
| Feb 29, 2024 | -3.96% |
| Nov 30, 2023 | -0.89% |
| Aug 31, 2023 | 15.67% |
| May 31, 2023 | -8.29% |
| Feb 28, 2023 | -15.64% |
| Nov 30, 2022 | -41.63% |
| Aug 31, 2022 | -17.89% |
| May 31, 2022 | -76.38% |
| Feb 28, 2022 | -116.51% |
| Nov 30, 2021 | -203.57% |
Carnival Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();