Carnival (CCL) Tax Rate (2009 - 2026)
Carnival's (CCL) quarterly Tax Rate came in at 3.06% in Q2 2026, up 16.0% on a YoY basis from 2.64% in Q2 2025, and down 49.55% quarter-over-quarter from 6.07% in Q1 2026.
Analysis
Carnival (CCL) Tax Rate (2009 - 2026) Analysis & Trends
Carnival (CCL) has reported Tax Rate for 18 consecutive years, with 3.06% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate rose 16.0% year-over-year to 3.06%; the trailing twelve-month figure through May 2026 stood at 0.71% (changed 0.0% YoY), and the FY2025 full-year result was 0.43%, up 49.0% from the prior year.
- Tax Rate slipped to 3.06% in Q2 2026 per CCL's latest filing, from 6.07% in the prior quarter.
- Across five years, Tax Rate topped out at 6.07% in Q1 2026 and bottomed at 25.64% in Q4 2023.
- Historically, Tax Rate has averaged 1.88% across 5 years, with a median of 0.16% in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate sank 2583 bps in 2023, then soared 2080 bps in 2024.
- Over 5 years, Tax Rate stood at 0.19% in 2022, then slumped by 13792 bps to 25.64% in 2023, then surged by 81 bps to 4.84% in 2024, then climbed by 8 bps to 4.46% in 2025, then jumped by 169 bps to 3.06% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 3.06%, 6.07%, and 4.46% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 1.22% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | -1.14% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 3.06% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 1.51% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 131.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 3.06% |
| Feb 28, 2026 | 6.07% |
| Nov 30, 2025 | -4.46% |
| Aug 31, 2025 | 0.32% |
| May 31, 2025 | 2.91% |
| Feb 28, 2025 | -10.29% |
| Nov 30, 2024 | -4.84% |
| Aug 31, 2024 | 0.46% |
| May 31, 2024 | 5.21% |
| Nov 30, 2023 | -25.64% |
| Aug 31, 2023 | -0.85% |
| May 31, 2023 | -1.24% |
| Feb 28, 2023 | -1.02% |
| Nov 30, 2022 | 0.19% |
| Aug 31, 2022 | -1.45% |
| May 31, 2022 | -0.16% |
| Feb 28, 2022 | -0.16% |
| Nov 30, 2021 | 0.15% |
| Aug 31, 2021 | 0.80% |
| May 31, 2021 | -0.58% |