Carnival (CCL) Tax Rate (2009 - 2026)
Carnival (CCL) reported Tax Rate of 3.06% for fiscal Q2 2026 (quarter ended May 31, 2026), up 0.16 percentage points from 2.91% a year earlier but down 3.01 percentage points from the prior quarter.
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Analysis
Carnival (CCL) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Carnival's Tax Rate came in at 0.71%, unchanged year-over-year; for FY2025 (ended Nov 30, 2025), it came in at 0.43%, up 0.49 percentage points from FY2024.
- Tax Rate has a five-year change of +0.27 percentage points (FY2020 to FY2025).
- By fiscal year, Tax Rate came in at -0.05% in FY2024 (+20.92 pp), -20.97% in FY2023 (-20.74 pp), -0.23% in FY2022 (-0.45 pp) and 0.22% in FY2021 (+0.05 pp).
- Five-year quarterly Tax Rate spans a low of -25.64% in fiscal Q4 2023 and a high of 6.07% in fiscal Q1 2026.
- Year over year, Tax Rate has now increased in each of the last three quarters, with an average year-over-year change of +5.22 percentage points over the last seven quarters.
- The high point for year-over-year Tax Rate in five years was fiscal Q4 2024 (a gain of 20.80 percentage points); the low point was fiscal Q4 2023 (a drop of 25.83 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at 6.07% (Q1 2026), -4.46% (Q4 2025) and 0.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 26.63% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 29.12% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 1.22% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | - |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 3.06% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 40.11% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 3.06% |
| Feb 28, 2026 | 6.07% |
| Aug 31, 2025 | 0.32% |
| May 31, 2025 | 2.91% |
| Aug 31, 2024 | 0.46% |
| May 31, 2024 | 5.21% |
| Nov 30, 2019 | 3.44% |
| Aug 31, 2019 | 2.57% |
| May 31, 2019 | 1.74% |
| Feb 28, 2019 | 0.59% |
| Nov 30, 2018 | 2.76% |
| Aug 31, 2018 | 2.12% |
| May 31, 2018 | 0.53% |
| Nov 30, 2017 | 2.50% |
| Aug 31, 2017 | 2.85% |
| May 31, 2017 | 1.30% |
| Feb 28, 2017 | 0.56% |
| Aug 31, 2016 | 2.80% |
| May 31, 2016 | 0.33% |
| Feb 29, 2016 | 0.70% |
API Access
Carnival Tax Rate 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=tax-rate&ticker=CCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=CCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();