Carnival Corp Ltd.
Close on Nov 2, 2026Market cap $40.41BP/E 13.1Yield –
Carnival Adjusted Gross Margin / Net Cruise Revenues by Year
Adjusted Gross Margin / Net Cruise Revenues — As Reported ($M) ($M)
Carnival Adjusted Gross Margin / Net Cruise Revenues: $20,233M in 2025, up 7.3% from a year earlier. That is the highest of the 10 years on record here.
Where the 2025 figure comes from
“Adjusted gross margin | $ | 4,910 | $ | 4,846 | $ | 4,550 | $ | 20,233 | $ | 20,096 | $ | 18,857”
Source: Carnival Corporation & plc Form 8-K Earnings Release (FY2025Q4) ↗
Gross Cruise Revenues less commissions, transportation and other, and onboard and other expenses
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
Breakdown
What makes up adjusted Gross Margin / Net Cruise Revenues
- Adjusted Gross Margin / Net Cruise Revenues — Constant Currency ($M)20,096 · 2025
- Net Cruise Revenues — Constant Dollar ($M, Legacy FY2014–FY2019)15,915 · 2019
- Net Passenger Ticket Revenues — As Reported ($M, Legacy FY2014–FY2021)11,384 · 2019
- Net Onboard & Other Revenues — As Reported ($M, Legacy FY2014–FY2021)4,230 · 2019
- Gross Margin — GAAP ($M)7,884 · 2025
- Gross Cruise Revenues — GAAP ($M, Legacy FY2014–FY2021)20,435 · 2019
Cite this data
StockData. (2026). Carnival Adjusted Gross Margin / Net Cruise Revenues ($M), annual 2014–2025 [Data set]. Compiled from Carnival SEC filings and investor materials. https://stockdatahq.com/stocks/ccl/kpis/adj-gross-margin
See every metric in the Carnival KPI table. Data updated Nov 2, 2026.