Carnival (CCL) Operating Income (2009 - 2026)

Carnival (CCL) reported Operating Income of $607.0 million for Q1 2026, up 11.79% on a YoY basis from $543.0 million in Q1 2025, and down 17.41% quarter-over-quarter from $735.0 million in Q4 2025.

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

Carnival has reported Operating Income for 18 years, with the latest figure at $607.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income rose 11.79% year-over-year to $607.0 million; the trailing twelve-month figure through Feb 2026 stood at $4.5 billion (up 18.35% YoY), and the FY2025 full-year result was $4.5 billion, up 25.43% from the prior year.
  • Operating Income for Q1 2026 stood at $607.0 million, down from $735.0 million in the prior quarter.
  • The five-year high for Operating Income was $2.3 billion in Q3 2025, with the low at -$1.5 billion in Q1 2022.
  • Historically, Operating Income has averaged $367.2 million across 5 years, with a median of $543.0 million in 2025.
  • Annual changes were most pronounced in 2022 — Operating Income increased 2.17% — and 2023, when it soared 682.08%.
  • Carnival's Operating Income stood at -$1.1 billion in 2022, then soared by 133.83% to $384.0 million in 2023, then jumped by 46.09% to $561.0 million in 2024, then soared by 31.02% to $735.0 million in 2025, then dropped by 17.41% to $607.0 million in 2026.
  • The last three Operating Income figures came in at $607.0 million (Q1 2026), $735.0 million (Q4 2025), and $2.3 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 1.27 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 86.00 Mn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 1.16 Bn
4 Carnival 37.80 Bn 36.39 Bn - 607.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 251.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 232.94 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 159.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 364.00 Mn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 40.29 Mn

Historic Data

Download Data
DateValue
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
May 31, 2021 -1.62 Bn