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CCL

Carnival

Consumer DiscretionaryTransportation & UtilitiesS&P 500
Ticker CCLMIAMI, FLFiscal year ends NovemberBook value per share $10.27Diluted shares 1.4B

Carnival Corporation & plc (NYSE: CCL) operates a global cruise business serving vacationers through contemporary, premium and luxury cruise experiences, with cruises sold directly and through travel agents, tour operators and other channels. Its eight cruise brands are organized into North America and Europe… From the company’s description.

In fiscal 2025, Carnival reported revenue of $26.62B, up 6.4% from fiscal 2024, and net income of $2.76B. Its operating margin was 16.8%, and operations generated $6.22B in cash. Over the twelve months to Aug 31, 2026, revenue was $27.59B.

Fiscal year 2025 · ends 11-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-08-31
Sales & profitability
$26.62BFY2025
+6.4% year over year
Last 12 mo $27.59B
16.84%FY2025
+2.6 percentage points
Last 12 mo 15.99%
$2.76BFY2025
+44.1% year over year
Last 12 mo $3.15B
22.57%FY2025
+1.9 percentage points
Last 12 mo 22.11%
Cash & financing
$6.22BFY2025
+5.0% year over year
Last 12 mo $6.82B
$2.61BFY2025
+101.0% year over year
Last 12 mo $3.18B
2.17FY2025
Was 2.97× a year earlier
Last 12 mo 1.69
1.4BFY2025
+5.4% year over year
Last 12 mo 1.4B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Carnival does

In the company’s own words

Carnival Corporation & plc (NYSE: CCL) operates a global cruise business serving vacationers through contemporary, premium and luxury cruise experiences, with cruises sold directly and through travel agents, tour operators and other channels. Its eight cruise brands are organized into North America and Europe segments: North America includes Carnival Cruise Line, Princess Cruises, Holland America Line and Seabourn, while Europe includes AIDA Cruises, Costa Cruises, P&O Cruises and Cunard. A Cruise Support segment operates port destinations and exclusive islands for the cruise brands, and Holland America Princess Alaska Tours provides hotels, lodges, railcars and motorcoach services in Alaska and the Canadian Yukon. The company carried 13.6 million passengers in fiscal 2025 and operated 94 cruise ships with passenger capacity of approximately 272,000 at November 30, 2025. In 2025, it discontinued P&O Cruises (Australia), incorporating its Australian operations into Carnival Cruise Line. Its website is www.carnivalcorp.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Transportation & Utilities
Headquarters
MIAMI, FL
Fiscal year end
November
CIK
815097
SIC
4400

Financial performance, year by year

Fiscal 2013–2025 · USD
$-14.02B$-2.67B$8.68B$20.03B$31.38B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Carnival — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

163
funds hold it
0 of 35
superinvestors hold it
$5.42B
held by funds, at market
14.1%
of shares held by funds

Largest fund holders · Carnival’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.34%of fund net assets
CAUSEWAY INTERNATIONAL VALUE FUND
CIVVX · CAUSEWAY CAPITAL MANAGEMENT TRUST
2.21%of fund net assets
VANGUARD VALUE INDEX FUND
VTV · VANGUARD INDEX FUNDS
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Carnival and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Carnival's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Carnival's last four quarterly filings that the numbers alone won't show?”
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