Carnival (CCL) Operating Income (2009 - 2026)
Carnival's (CCL) quarterly Operating Income came in at $851.0 million in Q2 2026, down 8.89% on a YoY basis from $934.0 million in Q2 2025, and up 40.2% quarter-over-quarter from $607.0 million in Q1 2026.
Analysis
Carnival (CCL) Operating Income (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Operating Income for 18 consecutive years, with $851.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 8.89% year-over-year to $851.0 million; the trailing twelve-month figure through May 2026 stood at $4.5 billion (up 5.88% YoY), and the FY2025 full-year result was $4.5 billion, up 25.43% from the prior year.
- Operating Income rose to $851.0 million in Q2 2026 per CCL's latest filing, from $607.0 million in the prior quarter.
- Across five years, Operating Income topped out at $2.3 billion in Q3 2025 and bottomed at -$1.5 billion in Q1 2022.
- Historically, Operating Income has averaged $394.1 million across 5 years, with a median of $551.5 million in 2024.
- The sharpest annual moves came in 2023 and 2026: Operating Income jumped 682.08% in 2023, then declined 8.89% in 2026.
- Over 5 years, Operating Income stood at -$1.1 billion in 2022, then surged by 133.83% to $384.0 million in 2023, then soared by 46.09% to $561.0 million in 2024, then surged by 31.02% to $735.0 million in 2025, then advanced by 15.78% to $851.0 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $851.0 million, $607.0 million, and $735.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 1.31 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 643.90 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 851.00 Mn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 363.33 Mn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 11.95 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 851.00 Mn |
| Feb 28, 2026 | 607.00 Mn |
| Nov 30, 2025 | 735.00 Mn |
| Aug 31, 2025 | 2.27 Bn |
| May 31, 2025 | 934.00 Mn |
| Feb 28, 2025 | 543.00 Mn |
| Nov 30, 2024 | 561.00 Mn |
| Aug 31, 2024 | 2.18 Bn |
| May 31, 2024 | 560.00 Mn |
| Feb 29, 2024 | 276.00 Mn |
| Nov 30, 2023 | 384.00 Mn |
| Aug 31, 2023 | 1.62 Bn |
| May 31, 2023 | 120.00 Mn |
| Feb 28, 2023 | -172.00 Mn |
| Nov 30, 2022 | -1.14 Bn |
| Aug 31, 2022 | -279.00 Mn |
| May 31, 2022 | -1.47 Bn |
| Feb 28, 2022 | -1.49 Bn |
| Nov 30, 2021 | -1.89 Bn |
| Aug 31, 2021 | -2.06 Bn |