Carnival (CCL) Retained Earnings (2009 - 2026)
Carnival (CCL) reported Retained Earnings of -$1.7 billion for Q1 2026, down 187.29% on a YoY basis from $2.0 billion in Q1 2025, and up 3.98% quarter-over-quarter from -$1.8 billion in Q4 2025.
Carnival (CCL) Retained Earnings (2009 - 2026) Analysis & Trends
Carnival has reported Retained Earnings for 18 years, with the latest figure at -$1.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings fell 187.29% year-over-year to -$1.7 billion; the trailing twelve-month figure through Feb 2026 stood at -$1.7 billion (down 187.29% YoY), and the FY2025 full-year result was -$1.8 billion, up 8.35% from the prior year.
- Retained Earnings for Q1 2026 stood at -$1.7 billion, up from -$1.8 billion in the prior quarter.
- The five-year high for Retained Earnings was $4.5 billion in Q1 2022, with the low at -$2.0 billion in Q4 2022.
- Historically, Retained Earnings has averaged -$554.0 million across 5 years, with a median of -$1.7 billion in 2022.
- Annual changes were most pronounced in 2024 — Retained Earnings slumped 912.88% — and 2025, when it soared 4001.61%.
- Carnival's Retained Earnings stood at -$2.0 billion in 2022, then advanced by 2.17% to -$1.9 billion in 2023, then decreased by 1.86% to -$2.0 billion in 2024, then advanced by 8.35% to -$1.8 billion in 2025, then advanced by 3.98% to -$1.7 billion in 2026.
- The last three Retained Earnings figures came in at -$1.7 billion (Q1 2026), -$1.8 billion (Q4 2025), and -$1.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 41.42 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -6.40 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -385.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -1.74 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -188.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -327.77 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -1.41 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.45 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 453.86 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -2.79 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | -1.74 Bn |
| Nov 30, 2025 | -1.81 Bn |
| Aug 31, 2025 | -1.72 Bn |
| May 31, 2025 | 2.54 Bn |
| Feb 28, 2025 | 1.99 Bn |
| Nov 30, 2024 | -1.98 Bn |
| Aug 31, 2024 | -1.89 Bn |
| May 31, 2024 | 62.00 Mn |
| Feb 29, 2024 | -1.94 Bn |
| Nov 30, 2023 | -1.94 Bn |
| Aug 31, 2023 | 233.00 Mn |
| May 31, 2023 | -1.90 Bn |
| Feb 28, 2023 | -1.97 Bn |
| Nov 30, 2022 | -1.98 Bn |
| Aug 31, 2022 | 1.87 Bn |
| May 31, 2022 | -1.74 Bn |
| Feb 28, 2022 | 4.49 Bn |
| Nov 30, 2021 | -1.50 Bn |
| Aug 31, 2021 | 9.19 Bn |
| May 31, 2021 | -1.13 Bn |