Carnival (CCL) Total Debt (2009 - 2026)

Carnival (CCL) posted Total Debt of $24.9 billion for Q2 2026, down 9.51% on a QoQ basis from $27.5 billion in Q1 2026, and down 15.23% year-over-year from $29.4 billion in Q2 2025.

Carnival (CCL) Total Debt (2009 - 2026) Analysis & Trends

Carnival's Total Debt history runs 18 years deep, the most recent figure standing at $24.9 billion for Q2 2026.

  • Quarterly Total Debt fell 15.23% year-over-year to $24.9 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $24.9 billion (down 15.23% YoY) and the FY2025 annual result came in at $26.6 billion, down 3.04% from the prior year.
  • Total Debt was $24.9 billion for Q2 2026 at Carnival, down from $27.5 billion in the prior quarter.
  • Across five years, Total Debt topped out at $38.5 billion in Q1 2022 and bottomed at $24.9 billion in Q2 2026.
  • A 5-year average of $30.9 billion and a median of $30.7 billion in 2023 frame the typical range for Total Debt.
  • Annual changes were most pronounced in 2022 — Total Debt increased 29.92% — and 2023, when it slipped 21.68%.
  • Carnival's Total Debt stood at $34.3 billion in 2022, then declined by 10.99% to $30.6 billion in 2023, then declined by 10.13% to $27.5 billion in 2024, then dropped by 3.04% to $26.6 billion in 2025, then declined by 6.57% to $24.9 billion in 2026.
  • Business Quant data shows CCL's Total Debt at $24.9 billion in Q2 2026, $27.5 billion in Q1 2026, and $26.6 billion in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 18.41 Bn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 21.11 Bn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 2.48 Bn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 8.39 Mn
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 5.50 Bn
6 Carnival 34.61 Bn 32.38 Bn - 24.89 Bn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 4.47 Bn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 15.15 Bn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 1.52 Bn

Historic Data

Download Data
DateValue
May 31, 2026 24.89 Bn
Feb 28, 2026 27.51 Bn
Nov 30, 2025 26.64 Bn
Aug 31, 2025 26.48 Bn
May 31, 2025 29.36 Bn
Feb 28, 2025 27.02 Bn
Nov 30, 2024 27.47 Bn
Aug 31, 2024 31.86 Bn
May 31, 2024 32.34 Bn
Feb 29, 2024 30.74 Bn
Nov 30, 2023 30.57 Bn
Aug 31, 2023 29.52 Bn
May 31, 2023 34.51 Bn
Feb 28, 2023 34.94 Bn
Nov 30, 2022 34.35 Bn
Aug 31, 2022 37.69 Bn
May 31, 2022 31.94 Bn
Feb 28, 2022 38.46 Bn
Nov 30, 2021 30.44 Bn
Aug 31, 2021 35.06 Bn