Carnival (CCL) Operating Leases (2020 - 2026)
Carnival's (CCL) quarterly Operating Leases came in at $1.1 billion in Q2 2026, down 8.55% on a YoY basis from $1.2 billion in Q2 2025, and down 2.88% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Carnival (CCL) Operating Leases (2020 - 2026) Analysis & Trends
Carnival (CCL) has reported Operating Leases for 7 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases fell 8.55% year-over-year to $1.1 billion; the trailing twelve-month figure through May 2026 stood at $1.1 billion (down 8.55% YoY), and the FY2025 full-year result was $1.2 billion, down 4.92% from the prior year.
- Operating Leases slipped to $1.1 billion in Q2 2026 per CCL's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Leases topped out at $1.3 billion in Q3 2024 and bottomed 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.
- The sharpest annual moves came in 2022 and 2023: Operating Leases decreased 15.21% in 2022, then increased 9.67% in 2023.
- Over 5 years, Operating Leases stood at $1.2 billion in 2022, then slipped by 1.6% to $1.2 billion in 2023, then climbed by 5.9% to $1.2 billion in 2024, then decreased by 4.92% to $1.2 billion in 2025, then fell by 5.52% to $1.1 billion in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $1.1 billion, $1.1 billion, and $1.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Aug 31, 2021 | 1.27 Bn |