Stocks Consumer discretionary CCL
NYSE · Consumer discretionaryCarnival Corp Ltd. (CCL)
Carnival Corp Ltd. brought in $27.6B of revenue over the twelve months to August 31, 2026, up 5.2% from a year earlier. Net income was $3.1B, a net margin of 11.4%. Operating cash flow minus capital spending left $2.6B of free cash flow in fiscal 2025. At August 31, 2026 it held $1.2B in cash against $24.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on September 29, 2026.
Key facts about Carnival Corp Ltd.
- Net worth
- Carnival Corp Ltd. has a market value (market cap) of $35B at the latest share price, and shareholders' equity of $14.2B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $26.6B (+6.4% year on year), with net income of $2.8B. Over the 12 months to August 31, 2026: revenue $27.6B, net income $3.1B.
- Cash flow
- In fiscal 2025 operations brought in $6.2B of cash; after $3.6B of capital spending, free cash flow was $2.6B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on September 29, 2026 and covers the period to August 31, 2026. Open on SEC EDGAR
- Next earnings report
- Carnival Corp Ltd.'s next report is expected around December 31, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Carnival Corp Ltd. does
Carnival Corporation operates commercial cruise lines for vacation travelers across the world. It owns and operates several cruise brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line. The company sells passenger voyages, onboard lodging, dining, and entertainment directly to vacationers and through travel agencies. Its shares trade on NYSE under the ticker CCL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $26.6B | $2.8B | $2.02 | $2.6B |
| 2024 | $25B | $1.9B | $1.44 | $1.3B |
| 2023 | $21.6B | -$74M | -$0.06 | $997M |
| 2022 | $12.2B | -$6.1B | -$5.16 | -$6.6B |
| 2021 | $1.9B | -$9.5B | -$8.46 | -$7.7B |
| 2020 | $5.6B | -$10.2B | -$13.20 | -$9.9B |
Full financial statements: income, balance sheet and cash flow
Where CCL ranks in Consumer discretionary
Dividends
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2022 | n/a | $0 | n/a |
| 2021 | n/a | $0 | n/a |
| 2020 | n/a | $689M | n/a |
| 2019 | n/a | $1.4B | 46% |
| 2018 | $1.95 | $1.4B | 43% |
| 2017 | $1.60 | $1.1B | 42% |
Latest SEC filings
What Carnival Corp Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 29, 2026
- September 29, 2026Quarterly report10-Q · period to August 31, 2026Carnival reported higher passenger revenues and cash flows, while higher fuel prices and emission costs increased operating expenses.Revenue rose 3.5% to $8.4B versus the same quarter last year; diluted EPS $1.40 versus $1.33.
- September 29, 2026Quarterly results8-KCarnival Corporation delivered record quarterly revenues and net income of $1.9 billion for the third quarter of 2026.
- August 5, 2026
- July 27, 2026Passive stake (5% or more) SCHEDULE 13G
- June 26, 2026Quarterly report 10-Q · period to May 31, 2026Revenue rose 5.3% to $6.7B versus the same quarter last year; diluted EPS $0.39 versus $0.42.
- June 23, 2026
- May 29, 2026
- May 7, 2026Form S-8 POS filing S-8 POS
- May 7, 2026Form S-8 POS filing S-8 POS
What is CCL worth? A DCF from its reported cash flow
Insider trades
What the people running Carnival Corp Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 2 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 25, 2026 | Arison Micky MeirChairman of the Board, Director | Gave as a giftindirect | 248,015 | - |
| August 24, 2026 | Arison Micky MeirChairman of the Board, Director | Gave as a giftindirect | 91,028 | - |
| May 28, 2026 | deynes bettina alejandraChief Human Resources Officer | Sold | 43,058 | $1.2M |
| May 11, 2026 | Band Sir JonathonDirector | Shares withheld for tax | 3,471 | $91.6K |
| May 11, 2026 | cahilly jason glenDirector | Shares withheld for tax | 616 | $16.3K |
| May 11, 2026 | Connors Nelda JDirector | Shares withheld for tax | 616 | $16.3K |
| May 11, 2026 | Deeble HelenDirector | Shares withheld for tax | 3,625 | $95.6K |
| May 11, 2026 | Gearhart Jeffrey JDirector | Shares withheld for tax | 616 | $16.3K |
Who owns CCL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Richard L. Kohan13D, may seek influence with 5 related filers | 8.06% | November 26, 2025 |
| Vanguard Capital Management13G, passive | 6.87% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 47 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| State Street Corp | 58,217,260 | +7,978,735 |
| Ing Groep NV | 2,701,811 | +1,882,877 |
| Menora Mivtachim Holdings Ltd. | 2,000,000 | -3,030,800 |
| Capital Fund Management S.A. | 757,017 | +596,608 |
| Nykredit A/S | 343,333 | new |
| PensionDanmark Pensionsforsikringsaktieselskab | 264,636 | -385 |
| Black Cypress Capital Management, LLC | 255,136 | +2,916 |
| Delta Global Management LP | 206,898 | +154,975 |
| Portland Investment Counsel Inc. | 139,602 | 0 |
| Ally Financial Inc. | 125,000 | 0 |
| Mediolanum International Funds Ltd | 113,181 | -344,781 |
| Y-Intercept (Hong Kong) Ltd | 103,892 | -214,633 |
| Mizuho Securities USA LLC | 69,531 | 0 |
| AG2R LA Mondiale Gestion D'Actifs | 60,841 | +13,010 |
| Fulcrum Asset Management LLP | 44,216 | new |
| Oslo Pensjonsforsikring AS | 17,506 | +2,109 |
| IFP Advisors, Inc | 16,477 | +4,466 |
| World Investment Advisors | 13,885 | -9,303 |
| Pvg Asset Management Corp | 11,077 | -25 |
| L & S Advisors Inc | 10,000 | 0 |
Insiders
15 insiders reported holding 15,925,587 shares in total, about $407.1M at the last price.
| Holder | Shares |
|---|---|
| Arison Micky MeirChairman of the Board, Director | 13,406,46313,406,463 held indirectly |
| weinstein joshua ianChief Executive Officer, Director | 740,230 |
| Weisenburger Randall JDirector | 410,009 |
| Bernstein DavidCFO & CAO | 239,918 |
| deynes bettina alejandraChief Human Resources Officer | 160,755 |
| Subotnick StuartDirector | 132,421 |
| Weil Laura ADirector | 132,120 |
| Ljoen Lars JakobChief Maritime Officer | 121,947 |
| Band Sir JonathonDirector | 109,444 |
| Miguez EnriqueGeneral Counsel | 101,202 |
Questions about CCL
What does Carnival Corp Ltd. do?
Carnival Corporation operates commercial cruise lines for vacation travelers across the world. It owns and operates several cruise brands, including Carnival Cruise Line, Princess Cruises, and Holland America Line. The company sells passenger voyages, onboard lodging, dining, and entertainment directly to vacationers and through travel agencies. Its shares trade on NYSE under the ticker CCL.
What is Carnival Corp Ltd.'s net worth?
Carnival Corp Ltd. has a market value (market cap) of $35B at the latest share price, and shareholders' equity of $14.2B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Carnival Corp Ltd. profitable?
Yes. Over the twelve months to August 31, 2026 it reported net income of $3.1B on revenue of $27.6B, a net margin of 11.4%.
How much revenue does Carnival Corp Ltd. make?
Over the twelve months to August 31, 2026 Carnival Corp Ltd. reported revenue of $27.6B. That is 5.2% more than a year earlier.
When did Carnival Corp Ltd. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on September 29, 2026. It covers the period to August 31, 2026.
When is Carnival Corp Ltd.'s next earnings report?
Carnival Corp Ltd.'s next report is expected around December 31, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Follow CCL: get an email when it filesWhere the numbers come from
Financial figures are the values Carnival Corp Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.