How has Carnival Corporation's adjusted operating income (loss) changed year-over-year?

Carnival Corporation's adjusted operating income (loss) increased by 4.1% year-over-year, from $835M to $869M.

What does adjusted operating income (loss) mean?

Operating income adjusted for non-recurring items, impairments, and restructuring costs to reflect the underlying profitability of core business activities. This metric is used to evaluate the company's ability to generate profit from its primary operations.

Carnival Corporation CCL Adjusted Operating Income (Loss)

Adjusted Operating Income (Loss) at other companies

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$97.7M-27.0%

John Wiley & Sons, Inc.WLYB

$148.37M+10.8%

MillerKnollMLKN

$53.2M-8.3%

LazardLAZ

-$66.06M-0.9%

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$35.14M-54.4%

CVS HealthCVS

-$577M-74.8%

Segments

By segment

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North America Segment$658M+1.2%

Europe Segment$326M+4.8%

Cruise Support-$94M+16.8%

Tour And Other-$21M-75.0%

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

See full

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 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 adjusted operating income (loss)?: Carnival Corporation (CCL) reported adjusted operating income (loss) of $869M in Q1 2026.
How has Carnival Corporation's adjusted operating income (loss) changed year-over-year?: Carnival Corporation's adjusted operating income (loss) increased by 4.1% year-over-year, from $835M to $869M.
What does adjusted operating income (loss) mean?: Operating income adjusted for non-recurring items, impairments, and restructuring costs to reflect the underlying profitability of core business activities. This metric is used to evaluate the company's ability to generate profit from its primary operations.