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| Date | Value |
|---|---|
| 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 |