Carnival (CCL) Operating Expenses (2009 - 2026)

Carnival has reported Operating Expenses for 18 years, with the latest figure at $3.9 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 4.59% year-over-year to $3.9 billion; the trailing twelve-month figure through Feb 2026 stood at $16.1 billion (down 5.86% YoY), and the FY2025 full-year result was $15.9 billion, up 1.98% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.9 billion, up from $3.9 billion in the prior quarter.
• The five-year high for Operating Expenses was $8.5 billion in Q4 2022, with the low at -$307.0 million in Q4 2023.
• Historically, Operating Expenses has averaged $4.1 billion across 5 years, with a median of $3.9 billion in 2025.
• Annual changes were most pronounced in 2023 — Operating Expenses tumbled 103.63% — and 2024, when it surged 1348.53%.
• Carnival's Operating Expenses stood at $8.5 billion in 2022, then plunged by 103.63% to -$307.0 million in 2023, then surged by 1348.53% to $3.8 billion in 2024, then gained by 2.01% to $3.9 billion in 2025, then advanced by 0.74% to $3.9 billion in 2026.
• The last three Operating Expenses figures came in at $3.9 billion (Q1 2026), $3.9 billion (Q4 2025), and $4.4 billion (Q3 2025), per Business Quant data.