When did Carnival Corporation report Q3 2025 earnings?

Carnival Corporation (CCL) reported Q3 2025 earnings on September 29, 2025 before market open.

What were Carnival Corporation's Q3 2025 revenue and EPS?

Carnival Corporation reported revenue of $8.2B and diluted EPS of $1.43 for Q3 2025.

Did Carnival Corporation beat estimates in Q3 2025?

Revenue beat the consensus estimate of $8.1B by $50.2M. EPS beat the consensus estimate of $1.32 by $0.11.

How did Carnival Corporation's Q3 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 3.3% from $7.9B a year earlier and diluted EPS grew 12.6% from $1.27.

Carnival Corporation CCL Q3 2025 earnings

Reported September 29, 2025 · Before market open

Revenue$8.2BBeat by $50.2M Diluted EPS$1.43Beat by $0.11

Revenue estimate$8.1B

EPS estimate$1.32

Next report

Jun 23, 2026 (Today)

Revenue estimate$6.7B

EPS estimate$0.35

View report

Financials

Q3 2025

Income statement

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Revenue$8.2B+3.3%

Gross profit$3.8B+4.9%

Operating income$2.3B+4.3%

Net income$1.9B+6.7%

EPS (diluted)$1.33+5.6%

Balance sheet

See full

Cash & equivalents$1.8B+16.1%

Total debt$30.0B-9.9%

Total equity$11.9B+38.7%

Total assets$50.8B+2.1%

Cash flow

See full

Operating cash flow$1.4B+14.8%

CapEx$647.0M+12.1%

Free cash flow$736.0M+17.2%

Valuation & ratios

Q3 2025

Valuation

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Market cap$43.24B+100%

Enterprise value$71.43B+33.9%

P/E16.4×+2.6×

P/S1.6×+0.8×

Profitability

See full

Gross margin39.5%+2.5pp

Operating margin16.4%+2.5pp

Net margin10.1%+3.7pp

FCF margin11.1%+6.1pp

Returns & leverage

See full

Return on equity25.7%+5.6pp

Debt / equity2.5×-1.4×

Current ratio0.3×0.0×

Segments

By segment

See full

Europe Segment$2.6B+9.4%

Tour And Other$179.0M-1.1%

Cruise Support$74.0M+19.4%

By product

See full

Passenger ticket$5.4B+3.6%

Onboard and other$2.7B+2.5%

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 Q3 2025 earnings?: Carnival Corporation (CCL) reported Q3 2025 earnings on September 29, 2025 before market open.
What were Carnival Corporation's Q3 2025 revenue and EPS?: Carnival Corporation reported revenue of $8.2B and diluted EPS of $1.43 for Q3 2025.
Did Carnival Corporation beat estimates in Q3 2025?: Revenue beat the consensus estimate of $8.1B by $50.2M. EPS beat the consensus estimate of $1.32 by $0.11.
How did Carnival Corporation's Q3 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 3.3% from $7.9B a year earlier and diluted EPS grew 12.6% from $1.27.