When did Carnival Corporation report Q1 2025 earnings?

Carnival Corporation (CCL) reported Q1 2025 earnings on March 21, 2025 before market open.

What were Carnival Corporation's Q1 2025 revenue and EPS?

Carnival Corporation reported revenue of $5.8B and diluted EPS of $0.13 for Q1 2025.

Did Carnival Corporation beat estimates in Q1 2025?

Revenue beat the consensus estimate of $5.7B by $63.2M. EPS beat the consensus estimate of $0.03 by $0.10.

Carnival Corporation CCL Q1 2025 earnings

Reported March 21, 2025 · Before market open

Revenue$5.8BBeat by $63.2M Diluted EPS$0.13Beat by $0.10

Revenue estimate$5.7B

EPS estimate$0.03

Next report

Jun 23, 2026 (Today)

Revenue estimate$6.7B

EPS estimate$0.35

View report

Financials

Q1 2025

Income statement

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Revenue$5.8B+7.5%

Gross profit$2.0B+20.2%

Operating income$543.0M+96.7%

Net income-$78.0M+63.6%

EPS (diluted)-$0.06+64.7%

Balance sheet

See full

Cash & equivalents$856.0M-62.4%

Total debt$30.6B-12.6%

Total equity$9.2B+37.4%

Total assets$48.5B-2.5%

Cash flow

See full

Operating cash flow$925.0M-47.7%

CapEx$607.0M-71.6%

Free cash flow$318.0M+186%

Valuation & ratios

Q1 2025

Valuation

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Market cap$32.35B+56.2%

Enterprise value$62.11B+16.2%

P/E15.8×-35.4×

P/S1.3×+0.4×

Profitability

See full

Gross margin38.2%+3.4pp

Operating margin15.1%+4.5pp

Net margin8.1%+6.3pp

FCF margin7.8%+2.0pp

Returns & leverage

See full

Return on equity25.9%+19.6pp

Debt / equity3.3×-1.9×

Current ratio0.3×-0.1×

Segments

By segment

See full

Europe Segment$1.8B+3.4%

Cruise Support$72.0M+22.0%

Tour And Other$2.0M-50.0%

By product

See full

Passenger ticket$3.8B+5.9%

Onboard and other$2.0B+10.5%

Versus estimates

Revenue

Q1 2026$6.2BBeat by $26.0M Q4 2025$6.3BBeat by $191.0M Q3 2025$8.2BBeat by $50.2M Q2 2025$6.3BBeat by $121.9M

Q1 2025$5.8BBeat by $63.2M

Q4 2024$5.9BIn line

Diluted EPS

Q1 2026$0.20Beat by $0.02 Q4 2025$0.30Beat by $0.12 Q3 2025$1.43Beat by $0.11 Q2 2025$0.35Beat by $0.10

Q1 2025$0.13Beat by $0.10

Q4 2024$0.14Beat by $0.08

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Questions, answered.

When did Carnival Corporation report Q1 2025 earnings?: Carnival Corporation (CCL) reported Q1 2025 earnings on March 21, 2025 before market open.
What were Carnival Corporation's Q1 2025 revenue and EPS?: Carnival Corporation reported revenue of $5.8B and diluted EPS of $0.13 for Q1 2025.
Did Carnival Corporation beat estimates in Q1 2025?: Revenue beat the consensus estimate of $5.7B by $63.2M. EPS beat the consensus estimate of $0.03 by $0.10.