Carnival CCL
NYSE CCL
$23.18 -0.33 (-1.40%)
As of: Sep 8, 2026 · 3:59 PM EDT

Carnival (CCL) Operating Expenses (2009 - 2026)

Carnival's (CCL) quarterly Operating Expenses came in at $4.2 billion in Q2 2026, up 8.72% on a YoY basis from $3.9 billion in Q2 2025, and up 7.26% quarter-over-quarter from $3.9 billion in Q1 2026.

Analysis

Carnival (CCL) Operating Expenses (2009 - 2026) Analysis & Trends

Carnival (CCL) has reported Operating Expenses for 18 consecutive years, with $4.2 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 8.72% year-over-year to $4.2 billion; the trailing twelve-month figure through May 2026 stood at $16.5 billion (up 4.25% YoY), and the FY2025 full-year result was $15.9 billion, up 1.98% from the prior year.
  • Operating Expenses advanced to $4.2 billion in Q2 2026 per CCL's latest filing, from $3.9 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $5.2 billion in Q3 2023 and bottomed at -$307.0 million in Q4 2023.
  • Historically, Operating Expenses has averaged $4.1 billion across 5 years, with a median of $4.3 billion in 2024.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses slumped 106.17% in 2023, then soared 1348.53% in 2024.
  • Over 5 years, Operating Expenses stood at $5.0 billion in 2022, then plunged by 106.17% 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $4.2 billion, $3.9 billion, and $3.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 513.00 Mn
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn -268.67 Mn
3 Carnival 32.12 Bn 29.88 Bn - 4.23 Bn
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 690.41 Mn
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn 187.29 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 4.23 Bn
Feb 28, 2026 3.94 Bn
Nov 30, 2025 3.91 Bn
Aug 31, 2025 4.39 Bn
May 31, 2025 3.89 Bn
Feb 28, 2025 3.77 Bn
Nov 30, 2024 3.83 Bn
Aug 31, 2024 4.30 Bn
May 31, 2024 5.22 Bn
Feb 29, 2024 5.13 Bn
Nov 30, 2023 -307.00 Mn
Aug 31, 2023 5.23 Bn
May 31, 2023 4.79 Bn
Feb 28, 2023 4.60 Bn
Nov 30, 2022 4.97 Bn
Aug 31, 2022 4.59 Bn
May 31, 2022 3.87 Bn
Feb 28, 2022 3.11 Bn
Nov 30, 2021 3.18 Bn
Aug 31, 2021 2.60 Bn