When did Carnival Corporation report Q4 2025 earnings?

Carnival Corporation (CCL) reported Q4 2025 earnings on January 27, 2026.

What were Carnival Corporation's Q4 2025 revenue and EPS?

Carnival Corporation reported revenue of $6.3B and diluted EPS of $0.30 for Q4 2025.

Did Carnival Corporation beat estimates in Q4 2025?

Revenue beat the consensus estimate of $6.1B by $191.0M. EPS beat the consensus estimate of $0.18 by $0.12.

How did Carnival Corporation's Q4 2025 results compare year-over-year?

Compared to the same quarter a year prior, revenue grew 6.6% from $5.9B a year earlier and diluted EPS grew 114.9% from $0.14.

Carnival Corporation CCL Q4 2025 earnings

Reported January 27, 2026

Revenue$6.3BBeat by $191.0M Diluted EPS$0.30Beat by $0.12

Revenue estimate$6.1B

EPS estimate$0.18

Next report

Jun 23, 2026 (Today)

Revenue estimate$6.7B

EPS estimate$0.35

View report

Financials

Q4 2025

Income statement

See full

Revenue$6.3B+6.6%

Operating income$735.0M+31.0%

Net income$422.0M+39.3%

EPS (diluted)$0.31+34.8%

Balance sheet

See full

Cash & equivalents$2.0B+59.1%

Total debt$31.3B+0.6%

Total equity$12.3B+32.6%

Total assets$51.7B+5.4%

Cash flow

See full

Operating cash flow$1.5B+66.6%

CapEx$1.5B+154%

Free cash flow$12.0M-96.2%

Valuation & ratios

Q4 2025

Valuation

See full

Market cap$33.85B-0.8%

Enterprise value$63.23B-1.3%

P/E12.3×-5.5×

P/S1.3×-0.1×

Profitability

See full

Operating margin16.8%+2.6pp

Net margin10.4%+2.7pp

FCF margin9.8%+4.6pp

Returns & leverage

See full

Return on equity25.7%+1.9pp

Debt / equity2.6×-0.8×

Current ratio0.3×0.0×

Segments

By segment

See full

Europe Segment$2.1B+8.5%

Cruise Support$90.0M+26.8%

Tour And Other$29.0M-12.1%

By product

See full

Passenger ticket$4.1B+5.2%

Onboard and other$2.3B+9.3%

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 Q4 2025 earnings?: Carnival Corporation (CCL) reported Q4 2025 earnings on January 27, 2026.
What were Carnival Corporation's Q4 2025 revenue and EPS?: Carnival Corporation reported revenue of $6.3B and diluted EPS of $0.30 for Q4 2025.
Did Carnival Corporation beat estimates in Q4 2025?: Revenue beat the consensus estimate of $6.1B by $191.0M. EPS beat the consensus estimate of $0.18 by $0.12.
How did Carnival Corporation's Q4 2025 results compare year-over-year?: Compared to the same quarter a year prior, revenue grew 6.6% from $5.9B a year earlier and diluted EPS grew 114.9% from $0.14.