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Carnival Corporation CCL Q2 2026 earnings

Reported June 23, 2026 · Before market open

Revenue$6.7BMiss by $27.3M
EPS$0.39Beat by $0.04
Revenue estimate$6.7B
EPS estimate$0.35
“We achieved another quarter of record results, marking our twelfth consecutive quarter of record net yields and delivering over 20 percent more to the bottom line, overcoming extreme geopolitical headwinds and nearly 30 percent higher fuel costs. Continued commercial execution and a step up in our cost efficiency efforts enabled us to exceed our March guidance by $100 million. These results reflect the strong demand for our portfolio of world-class cruise lines and the continued progress we are making across the business,”
Carnival Corporation’s Chief Executive Officer Josh Weinstein

Next report

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

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

as of 08/27/26
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Market cap$35.05B-20.1%
Enterprise value$61.11B-52.7%
P/E11.4×-6.0×
P/S1.3×-0.4×

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

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

By product

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

FAQ

When did Carnival Corporation report Q2 2026 earnings?
Carnival Corporation (CCL) reported Q2 2026 earnings on June 23, 2026 before market open.
What were Carnival Corporation's Q2 2026 revenue and EPS?
Carnival Corporation reported revenue of $6.7B and eps of $0.39 for Q2 2026.
Did Carnival Corporation beat estimates in Q2 2026?
Revenue missed the consensus estimate of $6.7B by $27.3M. EPS beat the consensus estimate of $0.35 by $0.04.
How did Carnival Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.3% from $6.3B a year earlier and eps grew 11.4% from $0.35.
Where can I find Carnival Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000815097-26-000086) and the 10-Q periodic report (0000815097-26-000096) directly on SEC EDGAR. The filing index links above go to sec.gov.