Carnival Corp financials

Key figures from Carnival Corp's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricAug 2026Aug 2025Change
Revenue$8.4B$8.2B+3.5%
Net income$1.9B$1.9B+3.7%
Free cash flow$712M$736M-3.3%
Gross margin—46.2%—
Operating margin26.3%27.9%-1.5 pts
Net margin22.8%22.7%+0.0 pts

Quarterly trend

Revenue by quarter
$5.4BNov 2023*$5.4BFeb 2024$5.8BMay 2024$7.9BAug 2024$5.9BNov 2024*$5.8BFeb 2025$6.3BMay 2025$8.2BAug 2025$6.3BNov 2025*$6.2BFeb 2026$6.7BMay 2026$8.4BAug 2026
Net income by quarter
-$48MNov 2023*-$214MFeb 2024$92MMay 2024$1.7BAug 2024$303MNov 2024*-$78MFeb 2025$565MMay 2025$1.9BAug 2025$421MNov 2025*$258MFeb 2026$537MMay 2026$1.9BAug 2026
Free cash flow by quarter
$247MNov 2023*-$370MFeb 2024$720MMay 2024$628MAug 2024$319MNov 2024*$318MFeb 2025$1.5BMay 2025$736MAug 2025$12MNov 2025*$697MFeb 2026$1.8BMay 2026$712MAug 2026
Margins by quarter
-11%21%54%Nov 2023*Feb 2024May 2024Aug 2024Nov 2024*Feb 2025May 2025Aug 2025Nov 2025*Feb 2026May 2026Aug 202632.8%31.5%34.3%45.5%35.5%35.2%38.6%46.2%7.1%5.1%9.7%27.6%9.4%9.3%14.8%27.9%11.6%9.8%12.8%26.3%-0.9%-4.0%1.6%22.0%5.1%-1.3%8.9%22.7%6.6%4.2%8.1%22.8%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Nov 2025$26.6B$2.8B10.4%$2.6B$2.02
FY Nov 2024$25.0B$1.9B7.7%$1.3B$1.44
FY Nov 2023$21.6B-$74M-0.3%$997M-$0.06
FY Nov 2022$12.2B-$6.1B-50.1%-$6.6B-$5.16
FY Nov 2021$1.9B-$9.5B-498.0%-$7.7B-$8.46

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.