Carnival (CCL) Operating Income (2009 - 2026)
Carnival (CCL) posted Operating Income of $2.22 billion for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 2.2% from $2.27 billion a year earlier but up 160.9% from the prior quarter.
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Analysis
Carnival (CCL) Operating Income (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Operating Income at Carnival was $4.41 billion, up 2.4% 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 -$1.89 billion in fiscal Q4 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 six of the last eight quarters, with growth averaging 30.7%.
- 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 $851 million (Q2 2026), $607 million (Q1 2026) and $735 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 104.60 Bn | 102.65 Bn | 1.55 Bn | 1.23 Bn |
| 2 | Hilton Worldwide Holdings | 81.48 Bn | 77.93 Bn | 3.08 Bn | 858.00 Mn |
| 3 | Royal Caribbean Cruises | 79.33 Bn | 76.69 Bn | 2.29 Bn | 1.31 Bn |
| 4 | Viking Holdings | 39.00 Bn | 24.13 Bn | 996.62 Mn | 643.90 Mn |
| 5 | Carnival | 37.74 Bn | 30.93 Bn | - | 2.22 Bn |
| 6 | Trip.com | 26.62 Bn | -18.38 Bn | 1.84 Bn | -216.00 Mn |
| 7 | Intercontinental Hotels | 26.45 Bn | 22.42 Bn | - | - |
| 8 | Hyatt Hotels | 16.53 Bn | 13.69 Bn | 388.00 Mn | -1.31 Bn |
| 9 | H World | 14.29 Bn | 5.70 Bn | 453.94 Mn | 326.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 7.36 Bn | 6.58 Bn | 1.05 Bn | 363.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 2.22 Bn |
| 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 |
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();