Carnival (CCL) Retained Earnings (2009 - 2026)
Carnival's (CCL) quarterly Retained Earnings came in at $15.6 billion in Q2 2026, down 9.11% on a YoY basis from $17.2 billion in Q2 2025, and down 12.48% quarter-over-quarter from $17.9 billion in Q1 2026.
Analysis
Carnival (CCL) Retained Earnings (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Retained Earnings for 18 consecutive years, with $15.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Retained Earnings fell 9.11% year-over-year to $15.6 billion; the trailing twelve-month figure through May 2026 stood at $15.6 billion (down 9.11% YoY), and the FY2025 full-year result was $17.3 billion, up 0.57% from the prior year.
- Retained Earnings slipped to $15.6 billion in Q2 2026 per CCL's latest filing, from $17.9 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $17.9 billion in Q1 2026 and bottomed at -$2.0 billion in Q4 2022.
- Historically, Retained Earnings has averaged $14.6 billion across 5 years, with a median of $16.7 billion in 2023.
- The sharpest annual moves came in 2022 and 2024: Retained Earnings tumbled 32.05% in 2022, then surged 984.73% in 2024.
- Over 5 years, Retained Earnings stood at -$2.0 billion in 2022, then grew by 2.17% to -$1.9 billion in 2023, then soared by 984.73% to $17.2 billion in 2024, then grew by 0.57% to $17.3 billion in 2025, then slipped by 9.35% to $15.6 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $15.6 billion, $17.9 billion, and $17.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 7.19 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | - |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 15.64 Bn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | -5.24 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | -412.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 15.64 Bn |
| Feb 28, 2026 | 17.87 Bn |
| Nov 30, 2025 | 17.25 Bn |
| Aug 31, 2025 | 17.24 Bn |
| May 31, 2025 | 17.21 Bn |
| Feb 28, 2025 | 17.18 Bn |
| Nov 30, 2024 | 17.16 Bn |
| Aug 31, 2024 | 16.72 Bn |
| May 31, 2024 | 16.70 Bn |
| Feb 29, 2024 | 16.68 Bn |
| Nov 30, 2023 | -1.94 Bn |
| Aug 31, 2023 | 16.70 Bn |
| May 31, 2023 | 16.68 Bn |
| Feb 28, 2023 | 16.64 Bn |
| Nov 30, 2022 | -1.98 Bn |
| Aug 31, 2022 | 16.63 Bn |
| May 31, 2022 | 15.46 Bn |
| Feb 28, 2022 | 15.36 Bn |
| Nov 30, 2021 | -1.50 Bn |
| Aug 31, 2021 | 15.15 Bn |