Carnival Corp Ltd.
CCL- Exchange
- NYSE
- Industry
- Water Transportation
- SEC CIK
- 0000815097
In the last 90 days, Carnival Corp Ltd. insiders filed 0 open-market purchases and 2 sales; 1,043 institutions reported holding it in 13F filings for Q2 2026, worth $27.3B in total; Viking Global Investors is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 11:38 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 19, 2025 | Dec 20, 2024 | Dec 21, 2023 | Dec 21, 2022 | Dec 20, 2021 |
| Revenue | $26.6B | $25.0B | $21.6B | $12.2B | $1.91B |
| Cost of revenue | – | $15.6B | $14.3B | – | – |
| Selling, general and administrative | $3.40B | $3.25B | $2.95B | $2.52B | $1.89B |
| Operating income | $4.48B | $3.57B | $1.96B | -$4.38B | -$7.09B |
| Interest expense | – | – | $2.07B | $1.61B | $1.60B |
| Income tax | $12.0M | -$1.00M | $13.0M | $14.0M | -$21.0M |
| Net income | $2.76B | $1.92B | -$74.0M | -$6.09B | -$9.50B |
| EPS, basic | $2.10 | $1.50 | $-0.06 | $-5.16 | $-8.46 |
| EPS, diluted | $2.02 | $1.44 | $-0.06 | $-5.16 | $-8.46 |
| Weighted shares, basic | 1.31B | 1.27B | 1.26B | 1.18B | 1.12B |
| Weighted shares, diluted | 1.40B | 1.40B | 1.26B | 1.18B | 1.12B |
| Margins and growth | |||||
| Operating margin | 16.8% | 14.3% | 9.1% | -36.0% | -371.5% |
| Net margin | 10.4% | 7.7% | -0.3% | -50.1% | -498.0% |
| Revenue growth, year over year | +6.4% | +15.9% | +77.5% | +537.7% | −65.9% |
| Net income growth, year over year | +44.1% | – | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 19, 2025 | Dec 20, 2024 | Dec 21, 2023 | Dec 21, 2022 | Dec 20, 2021 |
| Cash and equivalents | $1.93B | $1.21B | $2.42B | $4.03B | $8.94B |
| Short-term investments | – | – | – | $0 | $200.0M |
| Accounts receivable | $678.0M | $590.0M | $556.0M | $395.0M | $246.0M |
| Inventory | $505.0M | $507.0M | $528.0M | $428.0M | $356.0M |
| Total current assets | $4.22B | $3.38B | $5.27B | $7.49B | $10.1B |
| Property, plant and equipment | $43.5B | $41.8B | $40.1B | $38.7B | $38.1B |
| Goodwill | $579.0M | $579.0M | $579.0M | $579.0M | $579.0M |
| Intangible assets | $1.18B | $1.16B | $1.17B | $1.16B | $1.18B |
| Total assets | $51.7B | $49.1B | $49.1B | $51.7B | $53.3B |
| Accounts payable | $1.25B | $1.13B | $1.17B | $1.05B | $797.0M |
| Short-term debt | $2.60B | $1.54B | $0 | $200.0M | $2.79B |
| Total current liabilities | $13.1B | $11.6B | $11.5B | $10.6B | $10.4B |
| Long-term debt | $24.0B | $25.9B | $28.5B | $32.0B | $28.5B |
| Shareholders' equity | $12.3B | $9.25B | $6.88B | $7.07B | $12.1B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Nov 30, 2025 | Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Dec 19, 2025 | Dec 20, 2024 | Dec 21, 2023 | Dec 21, 2022 | Dec 20, 2021 |
| Operating cash flow | $6.22B | $5.92B | $4.28B | -$1.67B | -$4.11B |
| Capital expenditures | $3.61B | $4.63B | $3.28B | $4.94B | $3.61B |
| Free cash flow | $2.61B | $1.30B | $997.0M | -$6.61B | -$7.72B |
| Depreciation and amortization | $2.79B | $2.56B | $2.37B | $2.27B | $2.23B |
| Stock-based compensation | $98.0M | $62.0M | $53.0M | $101.0M | $121.0M |
| Dividends paid | – | – | – | $0 | $0 |
| Share buybacks | – | – | – | $0 | $0 |
| Investing cash flow | -$3.32B | -$4.54B | -$2.81B | -$4.77B | -$3.54B |
| Financing cash flow | -$2.19B | -$2.58B | -$5.09B | $3.58B | $6.95B |
| Net change in cash | $727.0M | -$1.20B | -$3.60B | -$2.94B | -$715.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.2% | 0.2% | 0.8% | 6.3% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 22, 2026 | 1.34B | +15.2% | SEC |
| Jun 19, 2026 | 1.37B | +17.3% | SEC |
| Mar 19, 2026 | 1.24B | +6.2% | SEC |
| Jan 13, 2026 | 1.24B | +6.2% | SEC |
| Sep 22, 2025 | 1.17B | +1.2% | SEC |
| Jun 19, 2025 | 1.17B | +4.0% | SEC |
| Mar 18, 2025 | 1.17B | +3.9% | SEC |
| Jan 13, 2025 | 1.16B | +4.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.