Carnival (CCL) Tax Rate (2009 - 2026)

Carnival (CCL) reported Tax Rate of 6.07% for Q1 2026, up 1637.0% on a YoY basis from 0.35% in Q1 2025, and up 236.27% quarter-over-quarter from 4.46% in Q4 2025.

Carnival (CCL) Tax Rate (2009 - 2026) Analysis & Trends

Carnival has reported Tax Rate for 18 years, with the latest figure at 6.07% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 1637.0% year-over-year to 6.07%; the trailing twelve-month figure through Feb 2026 stood at 0.7% (up 41.0% YoY), and the FY2025 full-year result was 0.43%, up 49.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 6.07%, up from 4.46% in the prior quarter.
  • The five-year high for Tax Rate was 6.07% in Q1 2026, with the low at 25.64% in Q4 2023.
  • Historically, Tax Rate has averaged 2.18% across 5 years, with a median of 0.5% in 2022.
  • Annual changes were most pronounced in 2023 — Tax Rate plunged 2583 bps — and 2024, when it surged 2080 bps.
  • Carnival's Tax Rate stood at 0.19% in 2022, then plunged by 13792 bps to 25.64% in 2023, then soared by 81 bps to 4.84% in 2024, then gained by 8 bps to 4.46% in 2025, then soared by 236 bps to 6.07% in 2026.
  • The last three Tax Rate figures came in at 6.07% (Q1 2026), 4.46% (Q4 2025), and 0.32% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 22.59%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 43.06%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 2.66%
4 Carnival 37.80 Bn 36.39 Bn - 6.07%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 148.00%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 2.78%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn -381.82%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 26.85%
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -31.32%
10 MakeMyTrip 2.12 Bn 1.35 Bn - -19.68%

Historic Data

Download Data
DateValue
Feb 28, 2026 6.07%
Feb 28, 2026 6.07%
Nov 30, 2025 -4.46%
Nov 30, 2025 -4.46%
Aug 31, 2025 0.32%
Aug 31, 2025 0.32%
May 31, 2025 2.92%
May 31, 2025 2.92%
Feb 28, 2025 -10.29%
Feb 28, 2025 -10.29%
Nov 30, 2024 -4.84%
Nov 30, 2024 -4.84%
Aug 31, 2024 0.46%
Aug 31, 2024 0.46%
May 31, 2024 5.21%
May 31, 2024 5.21%
Nov 30, 2023 -25.64%
Nov 30, 2023 -25.64%
Aug 31, 2023 -0.85%
Aug 31, 2023 -0.85%