Discontinued — last reported Q4 '25

Current Liabilities

Contract Liabilities

Carnival Corporation Contract Liabilities increased by 9.7% to $7.90B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.2%, from $7.30B to $7.90B. Over 4 years (FY 2021 to FY 2025), Contract Liabilities shows an upward trend with a 19.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ3 2018
Last reportedQ4 2025

How to read this metric

An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.

Detailed definition

This represents the obligation to transfer goods or services to a customer for which the company has already received co...

Peer comparison

Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.

Metric ID: contract_liabilities

Historical Data

18 periods
 Q1 '21Q3 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$2.50B$3.50B$5.10B$4.80B$5.10B$5.70B$7.20B$6.30B$6.40B$7.00B$8.30B$6.80B$6.80B$7.30B$8.50B$7.10B$7.20B$7.90B
QoQ Change+40.0%+45.7%-5.9%+6.3%+11.8%+26.3%-12.5%+1.6%+9.4%+18.6%-18.1%+0.0%+7.4%+16.4%-16.5%+1.4%+9.7%
YoY Change+104.0%+45.7%+41.2%+31.3%+25.5%+22.8%+15.3%+7.9%+6.3%+4.3%+2.4%+4.4%+5.9%+8.2%
Range$2.50B$8.50B
CAGR+31.1%
Avg YoY Growth+23.2%
Median YoY Growth+11.7%
Current Streak2 quarters growth

Frequently Asked Questions

What is Carnival Corporation's contract liabilities?
Carnival Corporation (CCL) reported contract liabilities of $7.90B in Q4 2025.
How has Carnival Corporation's contract liabilities changed year-over-year?
Carnival Corporation's contract liabilities increased by 8.2% year-over-year, from $7.30B to $7.90B.
What is the long-term trend for Carnival Corporation's contract liabilities?
Over 4 years (2021 to 2025), Carnival Corporation's contract liabilities has grown at a 19.8% compound annual growth rate (CAGR), from $3.50B to $7.20B.
What does contract liabilities mean?
Money received from customers for products or services that have not yet been delivered.