Carnival (CCL) Operating Leases (2020 - 2026)

Carnival (CCL) reported Operating Leases of $1.1 billion for Q1 2026, down 5.21% on a YoY basis from $1.2 billion in Q1 2025, and down 2.72% quarter-over-quarter from $1.2 billion in Q4 2025.

Carnival (CCL) Operating Leases (2020 - 2026) Analysis & Trends

Carnival has reported Operating Leases for 7 years, with the latest figure at $1.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases fell 5.21% year-over-year to $1.1 billion; the trailing twelve-month figure through Feb 2026 stood at $1.1 billion (down 5.21% YoY), and the FY2025 full-year result was $1.2 billion, down 4.92% from the prior year.
  • Operating Leases for Q1 2026 stood at $1.1 billion, down from $1.2 billion in the prior quarter.
  • The five-year high for Operating Leases was $1.3 billion in Q3 2024, with the low at $1.1 billion in Q3 2022.
  • Historically, Operating Leases has averaged $1.2 billion across 5 years, with a median of $1.2 billion in 2023.
  • Annual changes were most pronounced in 2022 — Operating Leases retreated 15.21% — and 2023, when it grew 9.67%.
  • Carnival's Operating Leases stood at $1.2 billion in 2022, then retreated by 1.6% to $1.2 billion in 2023, then gained by 5.9% to $1.2 billion in 2024, then fell by 4.92% to $1.2 billion in 2025, then decreased by 2.72% to $1.1 billion in 2026.
  • The last three Operating Leases figures came in at $1.1 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

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

Historic Data

Download Data
DateValue
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
Aug 31, 2021 1.27 Bn
May 31, 2021 1.32 Bn