Growth Metrics

Carnival (CCL) Operating Expenses (2016 - 2026)

Carnival filings provide 18 years of Operating Expenses readings, the most recent being $3.9 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 4.59% to $3.9 billion in Q1 2026 year-over-year; TTM through Feb 2026 was $16.1 billion, a 5.86% decrease, with the full-year FY2025 number at $15.9 billion, up 1.98% from a year prior.
  • Operating Expenses hit $3.9 billion in Q1 2026 for Carnival, up from $3.9 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $8.5 billion in Q4 2022 to a low of -$307.0 million in Q4 2023.
  • Median Operating Expenses over the past 5 years was $3.9 billion (2025), compared with a mean of $4.1 billion.
  • Biggest five-year swings in Operating Expenses: tumbled 103.63% in 2023 and later skyrocketed 1348.53% in 2024.
  • Carnival's Operating Expenses stood at $8.5 billion in 2022, then tumbled by 103.63% to -$307.0 million in 2023, then skyrocketed by 1348.53% to $3.8 billion in 2024, then rose by 2.01% to $3.9 billion in 2025, then grew by 0.74% to $3.9 billion in 2026.
  • The last three reported values for Operating Expenses were $3.9 billion (Q1 2026), $3.9 billion (Q4 2025), and $4.4 billion (Q3 2025) per Business Quant data.