Carnival (CCL) Operating Income (2009 - 2026)
Carnival (CCL) posted Operating Income of $851 million for fiscal Q2 2026 (quarter ended May 31, 2026), down 8.9% from $934 million a year earlier but up 40.2% from the prior quarter.
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Analysis
Carnival (CCL) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through May 31, 2026, Operating Income at Carnival was $4.46 billion, up 5.9% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $4.48 billion, up 25.4% from FY2024.
- In prior fiscal years, Carnival's Operating Income was $3.57 billion in FY2024 (+82.7%), $1.96 billion in FY2023, -$4.38 billion in FY2022 and -$7.09 billion in FY2021.
- Quarterly Operating Income has run from a low of -$2.06 billion in fiscal Q3 2021 to a high of $2.27 billion in fiscal Q3 2025 over five years.
- On a year-over-year basis, Operating Income increased in seven of the last eight quarters, with growth averaging 35.2%.
- The strongest year-over-year quarter for Operating Income in the past five years was fiscal Q2 2024, with growth of 366.7%; the weakest was fiscal Q2 2026, with a decline of 8.9%.
- According to Business Quant data, Operating Income for the three prior fiscal quarters was $607 million (Q1 2026), $735 million (Q4 2025) and $2.27 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 1.23 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 858.00 Mn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 1.31 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 643.90 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 851.00 Mn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -216.00 Mn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | -1.31 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 326.00 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 113.96 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 |
API Access
Carnival Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();