Carnival (CCL) Return on Equity [ROE] (2009 - 2026)
Carnival (CCL) recorded Return on Equity [ROE] of 23.08% in fiscal Q3 2026 (quarter ended Aug 31, 2026), down 1.08 percentage points from 24.16% a year earlier and down 0.50 percentage points from the prior quarter.
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Analysis
Carnival (CCL) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Carnival reported Return on Equity [ROE] of 25.63%, up 1.88 percentage points from FY2024.
- Annual Return on Equity [ROE] has increased for three straight fiscal years, with a five-year change of +70.21 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Equity [ROE] came in at 23.75% in FY2024 (+24.83 pp), -1.08% in FY2023 (+62.37 pp), -63.45% in FY2022 (-5.34 pp) and -58.11% in FY2021 (-13.53 pp).
- Quarterly Return on Equity [ROE] has ranged from -98.87% in fiscal Q2 2022 to 26.38% in fiscal Q2 2025 over the past five years.
- On a year-over-year basis, Return on Equity [ROE] rose in six of the last eight quarters, with an average year-over-year change of +6.92 percentage points.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 79.94 percentage points in fiscal Q1 2024, against a drop of 50.45 percentage points in fiscal Q2 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 23.58% (Q2 2026), 24.46% (Q1 2026) and 22.80% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | - |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 40.97% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | - |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 23.08% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 99.13% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | 14.28% |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 5.39% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 39.28% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 2.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 23.08% |
| May 31, 2026 | 23.58% |
| Feb 28, 2026 | 24.46% |
| Nov 30, 2025 | 22.80% |
| Aug 31, 2025 | 24.16% |
| May 31, 2025 | 26.38% |
| Feb 28, 2025 | 22.29% |
| Nov 30, 2024 | 21.46% |
| Aug 31, 2024 | 20.28% |
| May 31, 2024 | 13.37% |
| Feb 29, 2024 | 5.96% |
| Nov 30, 2023 | -1.08% |
| Aug 31, 2023 | -25.34% |
| May 31, 2023 | -57.65% |
| Feb 28, 2023 | -73.99% |
| Nov 30, 2022 | -78.92% |
| Aug 31, 2022 | -85.52% |
| May 31, 2022 | -98.87% |
| Feb 28, 2022 | -83.89% |
| Nov 30, 2021 | -70.36% |
API Access
Carnival Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "CCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();