Growth Metrics

Carnival (CCL) Operating Expenses (2016 - 2025)

Carnival (CCL) has disclosed Operating Expenses for 17 consecutive years, with $900.0 million as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 76.52% year-over-year to $900.0 million, compared with a TTM value of $15.9 billion through Nov 2025, up 1.97%, and an annual FY2025 reading of $15.9 billion, up 1.98% over the prior year.
  • Operating Expenses was $900.0 million for Q4 2025 at Carnival, down from $4.4 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $6.1 billion in Q2 2023 and bottomed at -$1.2 billion in Q4 2021.
  • Average Operating Expenses over 5 years is $3.5 billion, with a median of $3.8 billion recorded in 2024.
  • The sharpest move saw Operating Expenses plummeted 169.33% in 2021, then skyrocketed 528.06% in 2022.
  • Year by year, Operating Expenses stood at -$1.2 billion in 2021, then surged by 528.06% to $5.0 billion in 2022, then fell by 27.04% to $3.6 billion in 2023, then grew by 5.62% to $3.8 billion in 2024, then tumbled by 76.52% to $900.0 million in 2025.
  • Business Quant data shows Operating Expenses for CCL at $900.0 million in Q4 2025, $4.4 billion in Q3 2025, and $5.4 billion in Q2 2025.