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Carnival Corporation cash flow statement

In fiscal 2025, Carnival Corporation's operations generated $6.22bn of cash; it spent $3.61bn on capital projects, leaving free cash flow of $2.61bn.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2007Nov 20072008Nov 20082009Nov 20092014Nov 20142015Nov 20152016Nov 20162017Nov 20172018Nov 20182019Nov 20192020Nov 20202021Nov 20212022Nov 20222023Nov 20232024Nov 20242025Nov 2025LTMAug 2026
Cash from operations4.13.43.33.44.55.15.35.55.5−6.3−4.1−1.74.35.96.26.8
Depreciation and amortisation1.11.21.31.61.61.71.82.02.22.22.22.32.42.62.82.9
Stock-based pay0.10.10.10.10.10.10.10.10.00.10.10.10.10.10.10.1
Capital spending3.33.43.42.62.33.12.93.75.43.63.64.93.34.63.63.6
Free cash flow0.80.0−0.00.82.32.12.41.80.0−9.9−7.7−6.61.01.32.63.2
Free cash flow after stock pay0.7−0.0−0.10.82.22.02.31.70.0−10.0−7.8−6.70.91.22.53.1
Dividends paid1.01.30.30.80.81.01.11.41.40.70.00.0————
Share buybacks0.30.10.20.00.52.30.61.50.60.00.00.0————
Shares issued———————0.00.03.21.01.20.00.0——

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Carnival Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Carnival Corporation.