OpenNashEarnings

Internet & Travel · NYSE: CCL

Carnival earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends November · next results expected around 18 Dec 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 FY2026

Carnival Corporation outperforms guidance with all-time high net income of $1.9 billion, adjusted net income of $2.0 billion, diluted EPS of $1.40 and adjusted EPS of $1.43 in the third quarter 2026.

Carnival had a record third quarter. Total revenues were $8,435 million, and net income attributable to the company was $1.9 billion, an all-time high. Net yields, which measure revenue per cruise berth day, rose 2.4 percent in constant currency, more than a point better than June guidance. Adjusted EPS of $1.43 matched last year even though fuel prices and currency rates cost $0.10. Customer deposits reached a third-quarter record of $7.6 billion.

Read the Q3 FY2026 summary →Q3 FY2026 slides (PDF) ↗

Quarters

KPI history

Revenue$8.4B+3.5% y/yQ3 FY26
Q4 FY24: $5.9B (worked out from the annual figure)Q4 24$5.9BQ1 FY25: $5.8BQ1 25$5.8BQ2 FY25: $6.3BQ2 25$6.3BQ3 FY25: $8.2BQ3 25$8.2BQ4 FY25: $6.3B (worked out from the annual figure)Q4 25$6.3BQ1 FY26: $6.2BQ1 26$6.2BQ2 FY26: $6.7BQ2 26$6.7BQ3 FY26: $8.4BQ3 26$8.4B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$5.9B *
Q1 FY25$5.8B
Q2 FY25$6.3B
Q3 FY25$8.2B
Q4 FY25$6.3B *
Q1 FY26$6.2B
Q2 FY26$6.7B
Q3 FY26$8.4B
Diluted EPS (GAAP)$1.40+5.3% y/yQ3 FY26
Q1 FY25: -$0.06Q1 25-$0.06Q2 FY25: $0.42Q2 25$0.42Q3 FY25: $1.33Q3 25$1.33Q1 FY26: $0.19Q1 26$0.19Q2 FY26: $0.39Q2 26$0.39Q3 FY26: $1.40Q3 26$1.40
Data
Q1 FY25-$0.06
Q2 FY25$0.42
Q3 FY25$1.33
Q1 FY26$0.19
Q2 FY26$0.39
Q3 FY26$1.40

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin26.3%−1.6 pts y/yQ3 FY26
Q4 FY24: 9.4%Q4 249.4%Q1 FY25: 9.3%Q1 259.3%Q2 FY25: 14.8%Q2 2514.8%Q3 FY25: 27.9%Q3 2527.9%Q4 FY25: 11.6%Q4 2511.6%Q1 FY26: 9.8%Q1 269.8%Q2 FY26: 12.8%Q2 2612.8%Q3 FY26: 26.3%Q3 2626.3%
Data
Q4 FY249.4%
Q1 FY259.3%
Q2 FY2514.8%
Q3 FY2527.9%
Q4 FY2511.6%
Q1 FY269.8%
Q2 FY2612.8%
Q3 FY2626.3%
Free cash flow$712.0M−3.3% y/yQ3 FY26
Q4 FY24: $319.0MQ4 24$319.0MQ1 FY25: $318.0MQ1 25$318.0MQ2 FY25: $1.5BQ2 25$1.5BQ3 FY25: $736.0MQ3 25$736.0MQ4 FY25: $12.0MQ4 25$12.0MQ1 FY26: $697.0MQ1 26$697.0MQ2 FY26: $1.8BQ2 26$1.8BQ3 FY26: $712.0MQ3 26$712.0M
Data
Q4 FY24$319.0M
Q1 FY25$318.0M
Q2 FY25$1.5B
Q3 FY25$736.0M
Q4 FY25$12.0M
Q1 FY26$697.0M
Q2 FY26$1.8B
Q3 FY26$712.0M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$5.9Bd$5.8B$6.3B$8.2B$6.3Bd$6.2B$6.7B$8.4B
Operating income$561.0Md$543.0M$934.0M$2.3B$735.0Md$607.0M$851.0M$2.2B
Operating margin9.4%9.3%14.8%27.9%11.6%9.8%12.8%26.3%
Net income$303.0Md-$78.0M$565.0M$1.9B$422.0Md$258.0M$537.0M$1.9B
Diluted EPS—-$0.06$0.42$1.33—$0.19$0.39$1.40
Operating cash flow$911.0Md$925.0M$2.4Bd$1.4Bd$1.5Bd$1.3B$2.6Bd$1.4Bd
Capital expenditure$592.0Md$607.0M$851.0Md$647.0Md$1.5Bd$566.0M$875.0Md$698.0Md
Free cash flow$319.0M$318.0M$1.5B$736.0M$12.0M$697.0M$1.8B$712.0M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings