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Carnival Corporation CCL Q1 2026 earnings

Reported March 27, 2026 · Before market open

Revenue$6.2BBeat by $26.0M
EPS$0.20Beat by $0.02
Revenue estimate$6.1B
EPS estimate$0.18

Next report

Oct 5, 2026 (in a month)
Revenue estimate$8.4B
EPS estimate$1.35

Financials

Q1 2026

Income statement

See full
Revenue$6.2B+6.1%
Operating income$607.0M+11.8%
Net income$258.0M+431%
EPS (diluted)$0.19+417%

Balance sheet

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Cash & equivalents$1.5B+70.2%
Total debt$28.8B-5.9%
Total equity$13.0B+41.9%
Total assets$51.6B+6.2%

Cash flow

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Operating cash flow$1.3B+36.5%
CapEx$566.0M-6.8%
Free cash flow$697.0M+119%

Valuation & ratios

Valuation

as of 02/28/26
See full
Market cap$43.61B+34.8%
Enterprise value$70.98B+14.3%
P/E14.1×-1.7×
P/S1.6×+0.3×

Profitability

See full
Operating margin16.9%+1.7pp
Net margin11.5%+3.4pp
FCF margin11.1%+3.3pp

Returns & leverage

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Return on equity27.9%+2.0pp
Debt / equity2.2×-1.1×
Current ratio0.3×0.0×

Segments

By segment

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North America Segment$4.0B—
Europe Segment$2.1B+13.1%
Cruise Support$77.0M+6.9%
Tour And Other--100%

By product

See full
Passenger ticket$4.0B+5.0%
Onboard and other$2.1B+8.3%

FAQ

When did Carnival Corporation report Q1 2026 earnings?
Carnival Corporation (CCL) reported Q1 2026 earnings on March 27, 2026 before market open.
What were Carnival Corporation's Q1 2026 revenue and EPS?
Carnival Corporation reported revenue of $6.2B and eps of $0.20 for Q1 2026.
Did Carnival Corporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $6.1B by $26.0M. EPS beat the consensus estimate of $0.18 by $0.02.
How did Carnival Corporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.1% from $5.8B a year earlier and eps grew 53.8% from $0.13.
Where can I find Carnival Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000815097-26-000034) and the 10-Q periodic report (0000815097-26-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.