Carnival (CCL) Return on Equity [ROE] (2009 - 2026)
Carnival (CCL) recorded Return on Equity [ROE] of 23.62% in fiscal Q2 2026 (quarter ended May 31, 2026), down 2.76 percentage points from 26.38% a year earlier and down 0.88 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 seven of the last eight quarters, with an average year-over-year change of +12.78 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 24.51% (Q1 2026), 22.85% (Q4 2025) and 24.13% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | - |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | - |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 43.21% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 99.13% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 23.62% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | 8.26% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 2.26% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 76.12% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 53.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 23.62% |
| Feb 28, 2026 | 24.51% |
| Nov 30, 2025 | 22.85% |
| Aug 31, 2025 | 24.13% |
| 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% |
| Aug 31, 2021 | -55.61% |
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();