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Carnival Corporation

CCL

Carnival Corporation & plc is one of the world's largest leisure travel companies, operating a portfolio of leading global cruise brands across North America, Europe, Australia, and Asia.

Market cap
$35.12B-13.6%
Revenue$27.3B+5.2%
Net income$3.1B+21.5%
Free cash flow$3.2B+14.0%
EPS (diluted)$2.22+20.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Oct 5, 2026 (in 3 months)
Revenue estimate$8.4B
EPS estimate$1.36

Financials

Q2 2026

Income statement

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Revenue$6.7B+5.3%
Operating income$851.0M-8.9%
Net income$537.0M-5.0%
EPS (diluted)$0.39-7.1%

Balance sheet

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Cash & equivalents$2.3B+4.1%
Total debt$28.3B-7.9%
Total equity$13.0B+29.6%
Total assets$52.2B+2.1%

Cash flow

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Operating cash flow$2.6B+9.9%
CapEx$875.0M+2.8%
Free cash flow$1.8B+13.9%

Valuation & ratios

Valuation

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Market cap$35.12B-13.6%
Enterprise value$61.18B-50.4%
P/E11.4×-4.7×
P/S1.3×-0.3×

Profitability

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Operating margin16.3%+0.1pp
Net margin11.2%+1.5pp
FCF margin11.7%+0.9pp

Returns & leverage

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Current ratio0.3×0.0×

Segments

By segment

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North America Segment$4.4B+4.7%
Europe Segment$2.1B+5.5%
Cruise Support$95.0M+30.1%
Tour And Other$34.0M+9.7%

By geography

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United States$3.6B+3.4%
Germany$866.0M+5.0%
United Kingdom$790.0M+7.8%

By product

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Passenger ticket$4.3B+4.1%
Onboard and other$2.4B+7.5%

Competitors

Profile

Carnival Corporation & plc is one of the world's largest leisure travel companies, operating a portfolio of leading global cruise brands across North America, Europe, Australia, and Asia. The company delivers vacation experiences through a diverse fleet of ships, offering contemporary, premium, and luxury cruise products to a global customer base. Its core value proposition centers on providing unmatched joyful vacations that exceed guest expectations while maintaining a commitment to environmental compliance and safety.

Competitive position

One of the world's largest leisure travel companies, holding a significant share of the global cruise industry capacity alongside three other major competitors.

GeographiesNorth America, Europe, Australia, Asia, Caribbean
Customer segmentsMass market consumers, High-net-worth individuals, Families, International travelers
Business modelAsset-heavy service provider, B2C hospitality, Direct-to-consumer, Commission-based distribution
SuppliersShipbuilders, Fuel suppliers (LNG and Marine Fuel), Food and beverage wholesalers, Maritime labor and crew, Port authorities
CustomersIndividual vacationers, Travel agencies, Tour operators, Corporate groups
Listed1987
Employees106.0K
CEOJoshua Ian Weinstein
IndustryLeisure
FilingsSEC EDGAR

Questions, answered.

What is Carnival Corporation's market cap?
Carnival Corporation (CCL) has a market capitalization of $35.1B and trades on NYSE.
What is Carnival Corporation's revenue and profitability?
Carnival Corporation generated $27.3B in trailing twelve-month revenue with net income of $3.1B, representing a net margin of 11.2%. Gross margin stands at 39.5%, with free cash flow of $3.2B. These figures are based on the Q2 2026 filing.
Who are Carnival Corporation's competitors?
Carnival Corporation's key competitors include Norwegian Cruise Line Holdings, Ltd., Royal Caribbean Group, Disney Cruise Line, and others. These companies compete in similar markets and product categories.
Who does Carnival Corporation partner with?
Carnival Corporation's notable partners include Fincantieri, Meyer Werft, UNESCO, and others.
What subsidiaries does Carnival Corporation have?
Carnival Corporation's subsidiaries include Carnival Cruise Line, Princess Cruises, Holland America Line, and others.
Where is Carnival Corporation headquartered?
Carnival Corporation is headquartered in United States of America and employs approximately 106,000 people. It has been publicly traded since 1987.