Deferred Revenue
Carnival Corporation Deferred Revenue increased by 9.4% to $7.47B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.0%, from $6.85B to $7.47B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 28.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.99B | $2.71B | $3.11B | $3.37B | $4.77B | $4.47B | $4.87B | $5.50B | $6.89B | $5.96B | $6.07B | $6.64B | $7.88B | $6.44B | $6.43B | $6.85B | $8.08B | $6.69B | $6.83B | $7.47B |
| QoQ Change | — | +35.9% | +15.0% | +8.2% | +41.6% | -6.2% | +9.0% | +12.7% | +25.4% | -13.6% | +2.0% | +9.4% | +18.7% | -18.4% | -0.2% | +6.7% | +17.9% | -17.2% | +2.1% | +9.4% |
| YoY Change | — | — | — | — | +139.3% | +65.1% | +56.6% | +63.2% | +44.6% | +33.2% | +24.6% | +20.9% | +14.4% | +8.1% | +5.8% | +3.2% | +2.5% | +4.0% | +6.3% | +9.0% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Carnival Corporation's deferred revenue?
- Carnival Corporation (CCL) reported deferred revenue of $7.47B in Q4 2025.
- How has Carnival Corporation's deferred revenue changed year-over-year?
- Carnival Corporation's deferred revenue increased by 9.0% year-over-year, from $6.85B to $7.47B.
- What is the long-term trend for Carnival Corporation's deferred revenue?
- Over 5 years (2020 to 2025), Carnival Corporation's deferred revenue has grown at a 28.6% compound annual growth rate (CAGR), from $1.94B to $6.83B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.