CarnivalCCLEarnings & Financial Report
Carnival is the world's largest leisure travel group specializing in cruise operations. It owns multiple globally recognized cruise brands, serving millions of passengers yearly, offering all-inclusive vacation experiences covering accommodation, catering, entertainment, and shore excursions across global popular destinations.
Revenue
$6.3B
Gross Profit
$2.4B
Operating Profit
$934.0M
Net Profit
$565.0M
Gross Margin
38.6%
Operating Margin
14.8%
Net Margin
8.9%
YoY Growth
9.5%
EPS
$0.42
Carnival Q2 FY2025 Financial Summary
Carnival reported revenue of $6.3B (up 9.5% YoY) for Q2 FY2025, with a net profit of $565.0M (up 514.1% YoY) (8.9% margin). Cost of goods sold was $3.9B, operating expenses totaled $1.5B.
Key Financial Metrics
| Total Revenue | $6.3B |
|---|---|
| Net Profit | $565.0M |
| Gross Margin | 38.6% |
| Operating Margin | 14.8% |
| Report Period | Q2 FY2025 |
Carnival Annual Revenue by Year
Carnival annual revenue history includes year-by-year totals (for example, 2025 revenue was $26.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $26.6B |
| 2024 | $25.0B |
| 2023 | $21.6B |
| 2022 | $12.2B |
Carnival Quarterly Revenue & Net Profit History
Carnival results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $6.3B | +6.6% | $421.0M | 6.6% |
| Q3 FY2025 | $8.2B | +3.3% | $1.9B | 22.7% |
| Q2 FY2025 | $6.3B | +9.5% | $565.0M | 8.9% |
| Q1 FY2025 | $5.8B | +7.5% | $-78.0M | -1.3% |
| Q4 FY2024 | $5.9B | +10.0% | $303.0M | 5.1% |
| Q3 FY2024 | $7.9B | +15.2% | $1.7B | 22.0% |
| Q2 FY2024 | $5.8B | +17.7% | $92.0M | 1.6% |
| Q1 FY2024 | $5.4B | +22.0% | $-214.0M | -4.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.41B | $5.78B | $7.90B | $5.94B | $5.81B | $6.33B | $8.15B | $6.33B |
| YoY Growth | 22.0% | 17.7% | 15.2% | 10.0% | 7.5% | 9.5% | 3.3% | 6.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $49.76B | $49.60B | $49.80B | $49.06B | $48.53B | $51.16B | $50.83B | $51.69B |
| Liabilities | $43.08B | $42.79B | $41.21B | $39.81B | $39.35B | $41.16B | $38.90B | $39.40B |
| Equity | $6.68B | $6.81B | $8.60B | $9.25B | $9.18B | $10.01B | $11.93B | $12.28B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.77B | $2.04B | $1.21B | $911.0M | $925.0M | $2.39B | $1.38B | $1.52B |