What is Carnival Corporation's interest expense?

Carnival Corporation (CCL) reported interest expense of $285M in Q1 2026.

How has Carnival Corporation's interest expense changed year-over-year?

Carnival Corporation's interest expense decreased by 16.4% year-over-year, from $341M to $285M.

What is the long-term trend for Carnival Corporation's interest expense?

Over 4 years (2021 to 2025), Carnival Corporation's interest expense has grown at a -4.2% compound annual growth rate (CAGR), from $1.6B to $1.35B.

What does interest expense mean?

Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.

Carnival Corporation CCL Interest Expense

Interest Expense at other companies

Royal Caribbean GroupRCL

$278M+11.6%

Norwegian Cruise Line Holdings Ltd.NCLH

-$165.99M+23.8%

OneSpaWorld Holdings LimitedOSW

$1.17M+2.0%

Pursuit Attractions and Hospitality, Inc.PRSU

$2.66M+81.4%

Alaska Air GroupALK

$76M+15.2%

Hyatt HotelsH

$65M-1.5%

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

See full

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

See full

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 us-gaap:InterestExpenseNonoperating.

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 interest expense?: Carnival Corporation (CCL) reported interest expense of $285M in Q1 2026.
How has Carnival Corporation's interest expense changed year-over-year?: Carnival Corporation's interest expense decreased by 16.4% year-over-year, from $341M to $285M.
What is the long-term trend for Carnival Corporation's interest expense?: Over 4 years (2021 to 2025), Carnival Corporation's interest expense has grown at a -4.2% compound annual growth rate (CAGR), from $1.6B to $1.35B.
What does interest expense mean?: Cost of borrowing — interest paid or accrued on bonds, bank loans, credit facilities, finance leases, and other debt obligations.