undamentalytics Newsletter
Sign in

Carnival Corporation revenue

Carnival Corporation's revenue was $26.62bn in fiscal 2025, up 6.4% on the year before. Since fiscal 2007 ($13.03bn) it has grown at a compound 5.2% a year. Over the last twelve months it was $27.59bn.

Revenue history

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
Revenue13.014.613.215.915.716.417.518.920.85.61.912.221.625.026.627.6
Growth on the year before—+12.4%−10.2%+20.7%−1.1%+4.3%+6.8%+7.8%+10.3%−73.1%−65.9%+537.7%+77.5%+15.9%+6.4%—
Gross profit5.45.34.85.56.37.07.07.87.9—−2.70.47.39.4——
Gross margin41.5%36.2%36.1%34.4%39.9%42.7%40.0%41.3%38.0%——3.4%33.7%37.5%——

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to November 30, 2025
Segments
Line of business Revenue Share YoY
North America $17.6B 66.1% ▲ 4.8%
Europe $8.5B 31.8% ▲ 9.8%
Cruise $309M 1.2% ▲ 21.2%
Tour and Other $241M 0.9% ▼ 5.5%
Products and services
Line of business Revenue Share YoY
Cruise Passenger Ticket $17.4B 65.4% ▲ 5.8%
Cruise Onboard and Other $9.2B 34.6% ▲ 7.5%
Geography
Region Revenue Share YoY
United States $14.8B 55.8% ▲ 5.6%
All Other Geographic Areas $5.4B 20.2% ▲ 4.2%
Germany $3.3B 12.6% ▲ 9.3%
United Kingdom $3.1B 11.5% ▲ 11.5%

From Carnival Corporation's 10-K filed January 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Hotels, Resorts & Cruise Lines: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Carnival Corporation $27.59bn 5.2% 11.3%
Marriott International $27.42bn 5.8% 5.2%
Booking Holdings $28.24bn 12.9% 13.4%
Royal Caribbean Group $19.13bn 9.7% 13.3%
Expedia Group $15.70bn 12.0% 8.6%
Airbnb $13.16bn 13.6% 13.1%

Compare with peers

Head to head: CCL vs MARBKNG vs CCLCCL vs RCL

More: Hotels, Resorts & Cruise Lines stocks compared, Consumer Discretionary sector, rankings of US companies

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.