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Carnival Corporation CCL North America Segment — Adjusted Operating Income (Loss)

Other segment segments

Europe Segment
$326M+4.8%
Cruise Support
-$94M+16.8%
Tour And Other
-$21M-75.0%

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Other financials

Income statement

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Revenue$6.7B+5.3%
Gross profit$3.8B+4.9%
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

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Market cap$44.13B+26.6%
Enterprise value$70.19B-31.6%
P/E14.4×+0.6×
P/S1.6×+0.3×

Profitability

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Gross margin39.5%+2.5pp
Operating margin16.3%+0.1pp
Net margin11.2%+1.5pp
FCF margin11.7%+0.9pp

Returns & leverage

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

Where this comes from

Reported directly by Carnival Corporation in its filing.

Tagged under the XBRL concept ccl:AdjustedOperatingIncomeLoss.

The official record: Carnival Corporation’s 10-Q, filed June 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carnival Corporation's north america segment — adjusted operating income (loss)?
Carnival Corporation (CCL) reported north america segment — adjusted operating income (loss) of $658M in Q1 2026.
How has Carnival Corporation's north america segment — adjusted operating income (loss) changed year-over-year?
Carnival Corporation's north america segment — adjusted operating income (loss) increased by 1.2% year-over-year, from $650M to $658M.
What does north america segment — adjusted operating income (loss) mean?
This metric represents the profitability of the North American cruise operations after adjusting for non-recurring or non-operational items. It measures the core earnings power of the segment by excluding items like restructuring costs or gains/losses on asset disposals. It is a key indicator of how effectively the segment converts revenue into operating profit.