Carnival (CCL) Operating Expenses (2009 - 2026)

Carnival's Operating Expenses history runs 18 years deep, the most recent figure standing at $4.2 billion for Q2 2026.

• Quarterly Operating Expenses rose 8.72% year-over-year to $4.2 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $16.5 billion (up 4.25% YoY) and the FY2025 annual result came in at $15.9 billion, up 1.98% from the prior year.
• Operating Expenses was $4.2 billion for Q2 2026 at Carnival, up from $3.9 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $8.5 billion in Q4 2022 and bottomed at -$307.0 million in Q4 2023.
• A 5-year average of $4.1 billion and a median of $3.9 billion in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2023 — Operating Expenses slumped 103.63% — and 2024, when it surged 1348.53%.
• Carnival's Operating Expenses stood at $8.5 billion in 2022, then slumped by 103.63% to -$307.0 million in 2023, then jumped by 1348.53% to $3.8 billion in 2024, then climbed by 2.01% to $3.9 billion in 2025, then gained by 8.06% to $4.2 billion in 2026.
• Business Quant data shows CCL's Operating Expenses at $4.2 billion in Q2 2026, $3.9 billion in Q1 2026, and $3.9 billion in Q4 2025.