Carnival (CCL) Operating Leases (2020 - 2026)
Carnival (CCL) recorded Operating Leases of $1.08 billion in fiscal Q3 2026 (quarter ended Aug 31, 2026), down 9.9% from $1.2 billion a year earlier and down 2.8% from the prior quarter.
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Analysis
Carnival (CCL) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025 (ended Nov 30, 2025), Carnival reported Operating Leases of $1.18 billion, down 4.9% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Leases came in at $1.24 billion in FY2024 (+5.9%), $1.17 billion in FY2023 (-1.6%), $1.19 billion in FY2022 (-4.0%) and $1.24 billion in FY2021 (-2.7%).
- The fiscal Q3 2026 figure is the lowest quarterly Operating Leases since fiscal Q3 2022.
- On a year-over-year basis, Operating Leases has declined for five consecutive quarters, with an average decline of 2.2% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 9.7% in fiscal Q3 2023, against a decline of 15.2% in fiscal Q3 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $1.11 billion (Q2 2026), $1.15 billion (Q1 2026) and $1.18 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 1.08 Bn |
| May 31, 2026 | 1.11 Bn |
| Feb 28, 2026 | 1.15 Bn |
| Nov 30, 2025 | 1.18 Bn |
| Aug 31, 2025 | 1.20 Bn |
| May 31, 2025 | 1.22 Bn |
| Feb 28, 2025 | 1.21 Bn |
| Nov 30, 2024 | 1.24 Bn |
| Aug 31, 2024 | 1.26 Bn |
| May 31, 2024 | 1.17 Bn |
| Feb 29, 2024 | 1.14 Bn |
| Nov 30, 2023 | 1.17 Bn |
| Aug 31, 2023 | 1.18 Bn |
| May 31, 2023 | 1.21 Bn |
| Feb 28, 2023 | 1.15 Bn |
| Nov 30, 2022 | 1.19 Bn |
| Aug 31, 2022 | 1.08 Bn |
| May 31, 2022 | 1.12 Bn |
| Feb 28, 2022 | 1.19 Bn |
| Nov 30, 2021 | 1.24 Bn |
API Access
Carnival Operating Leases 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-leases&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();