StockData
Carnival Corp Ltd. logo

Carnival Corp Ltd. (CCL) stock

CCLNYSEWater TransportationFiscal year ends November 30
Financials through Q3 FY2026, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 29, 2026Score 12/304% below fair value
$28.83−0.01 (-0.03%)

Close on Oct 30, 2026Market cap $38.77BP/E 12.6Yield –

Earnings

Carnival's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Dec 18, 2026
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$8.44B
+2.9% on a year earlier
Adjusted EPS, Q3 FY2026
–
$1.43 a year earlier
Latest guidance
Raised
Sep 29, 2026 · 8 items

Quarterly results

Revenue and earnings per share from each of Carnival's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Nov 30, 2026Dec 18, 2026Expected–––––
Q3 FY2026ended Aug 31, 2026Sep 29, 2026before the open$8.44B+2.9%––Release
Q2 FY2026ended May 31, 2026Jun 23, 2026before the open$6.70B+6.3%$0.39$0.41Release
Q1 FY2026ended Feb 28, 2026Mar 27, 2026before the open$6.17B+6.3%$0.19$0.20Release
Q4 FY2025ended Nov 30, 2025Dec 19, 2025before the open$6.30B–$0.31$0.34Release
Q3 FY2025ended Aug 31, 2025Sep 29, 2025before the open$8.20B+3.8%$1.33$1.43Release
Q2 FY2025ended May 31, 2025Jun 24, 2025before the open$6.30B+8.6%$0.42$0.35Release
Q1 FY2025ended Feb 28, 2025Mar 21, 2025before the open$5.80B+7.4%-$0.06$0.13Release
Q4 FY2024ended Nov 30, 2024Dec 20, 2024before the open––––Release
Q3 FY2024ended Aug 31, 2024Sep 30, 2024before the open$7.90B+14.5%$1.26$1.27Release
Q2 FY2024ended May 31, 2024Jun 25, 2024before the open$5.80B+18.4%$0.07$0.11Release
Q1 FY2024ended Feb 29, 2024Mar 27, 2024before the open$5.40B+22.7%-$0.17-$0.14Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Carnival's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Adjusted EBITDA (in billions)non-GAAPQ4 FY2026$1.30B–NewSep 29, 2026
Adjusted earnings per share - dilutednon-GAAPQ4 FY2026$0.20–NewSep 29, 2026
Adjusted net income (in millions)non-GAAPQ4 FY2026$274.00M–NewSep 29, 2026
Capacity growth compared to prior yearQ4 FY2026-0.1%–NewSep 29, 2026
Adjusted EBITDA (in billions)non-GAAPFY2026$7.14B$7.11BRaisedSep 29, 2026
Adjusted earnings per share - dilutednon-GAAPFY2026$2.24$2.22RaisedSep 29, 2026
newbuild capital expendituresFY2026$600.00M–NewJun 23, 2026
Total capital expendituresFY2026$2.40B$1.80BRaisedMar 27, 2024
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)non-GAAPFY2026+2.4%+3.1%LoweredJun 23, 2026
Adjusted cruise costs excluding fuel per ALBD (Current Dollars)non-GAAPFY2026+3.7%+4.4%RaisedJun 23, 2026
Adjusted net incomenon-GAAPFY2026$3.07B$3.07BReaffirmedJun 23, 2026
Adjusted net income (in millions)non-GAAPFY2026$3.08B–RaisedSep 29, 2026
ALBDsFY202697.4–NewJun 23, 2026
Capacity growth compared to prior yearFY2026+1%+1%ReaffirmedSep 29, 2026
Net yields (Constant Currency)non-GAAPFY2026+1.75%+2.75%LoweredJun 23, 2026
Net yields (Current Dollars)non-GAAPFY2026+3.2%+4.1%LoweredJun 23, 2026

Guidance vs results

The last range Carnival gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q2 FY2026Adjusted earnings per share - diluted$0.34$0.41Above range
Q1 FY2026Adjusted earnings per share - diluted$0.17$0.20Above range
FY2025Adjusted earnings per share - diluted$2.14$2.25Σ4QAbove range
Q4 FY2025Adjusted earnings per share - diluted$0.23$0.34Above range
Q3 FY2025Adjusted earnings per share - diluted$1.30$1.43Above range
Q2 FY2025Adjusted earnings per share - diluted$0.22$0.35Above range
Q3 FY2024Adjusted earnings per share - diluted$1.15$1.27Above range
Q2 FY2024Adjusted earnings per share - diluted-$0.03$0.11Above range
Q1 FY2024Adjusted earnings per share - diluted-$0.22-$0.14Above range
Q4 FY2023Adjusted earnings per share-$0.18 – -$0.10-$0.07Above range
Q3 FY2023Adjusted earnings per share$0.70 – $0.77$0.86Above range
Q2 FY2023Adjusted earnings per share-$0.42 – -$0.34-$0.31Above range

Guidance history

Every forecast Carnival put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Sep 29, 2026Adjusted EBITDA (in billions)FY2026$7.14BRaised
Sep 29, 2026Adjusted EBITDA (in billions)Q4 FY2026$1.30BNew
Sep 29, 2026Adjusted earnings per share - dilutedFY2026$2.24Raised
Sep 29, 2026Adjusted earnings per share - dilutedQ4 FY2026$0.20New
Sep 29, 2026Capacity growth compared to prior yearFY2026+1%Reaffirmed
Sep 29, 2026Adjusted net income (in millions)FY2026$3.08BRaised
Sep 29, 2026Capacity growth compared to prior yearQ4 FY2026-0.1%New
Sep 29, 2026Adjusted net income (in millions)Q4 FY2026$274.00MNew
Jun 23, 2026newbuild capital expendituresFY2026$600.00MNew
Jun 23, 2026non-newbuild capital expendituresFY2026$1.30BRaised
Jun 23, 2026Adjusted EBITDAFY2026$7.11BLowered
Jun 23, 2026Adjusted EBITDAQ3 FY2026$2.88BNew
Jun 23, 2026Adjusted earnings per share - dilutedFY2026$2.22Raised
Jun 23, 2026Adjusted earnings per share - dilutedQ3 FY2026$1.35New
Jun 23, 2026ALBDsFY202697.4New
Jun 23, 2026Capacity growth compared to prior yearFY2026+1%New
Jun 23, 2026Net yields (Current Dollars)FY2026+3.2%Lowered
Jun 23, 2026Net yields (Constant Currency)FY2026+1.75%Lowered
Jun 23, 2026Adjusted cruise costs excluding fuel per ALBD (Current Dollars)FY2026+3.7%Raised
Jun 23, 2026Adjusted cruise costs excluding fuel per ALBD (Constant Currency)FY2026+2.4%Lowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Carnival filed with the SEC as exhibits to Form 8-K or 6-K

  1. Results
  2. Results
  3. Update
  4. Results
  5. Results
  6. Update
  7. Update
  8. Update
  9. Results
  10. Update
  11. Update
  12. Update
  13. Update
  14. Update
  15. Update