Carnival revenue and financials
$25.56Change from previous close: −0.78%Absolute change: −$0.20
In the fiscal year ended November 2025, Carnival reported revenue of $26.62B (+6.40% year over year). Net income was $2.76B, a net margin of 10.4%.
Fiscal year ending in November. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +6.40%
- FY to Nov 2025 vs FY to Nov 2024
- Net income growth
- +44.05%
- FY to Nov 2025 vs FY to Nov 2024
- Net margin
- 10.4%
- FY to Nov 2024: 7.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | FY to Nov 2025 | FY to Nov 2024 | FY to Nov 2023 | FY to Nov 2022 | FY to Nov 2021 | FY to Nov 2020 | FY to Nov 2019 | FY to Nov 2018 | FY to Nov 2017 | FY to Nov 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 26,622 | 25,021 | 21,593 | 12,168 | 1,908 | 5,595 | 20,825 | 18,881 | 17,510 | 16,389 |
| Cost of revenue | 15,947 | 15,638 | 14,317 | 11,757 | 4,655 | — | 12,909 | 11,089 | 10,501 | 9,383 |
| Gross profit | 10,674 | 9,383 | 7,276 | 412 | — | — | — | — | — | — |
| Selling, general and administrative | 3,402 | 3,252 | 2,950 | 2,515 | — | — | — | — | — | — |
| Operating income | 4,483 | 3,574 | 1,956 | -4,379 | -7,089 | -8,865 | 3,276 | 3,325 | 2,809 | 3,071 |
| EBIT | 4,121 | 3,670 | 2,004 | -4,471 | — | — | — | — | — | — |
| EBITDA | 6,911 | 6,227 | 4,374 | -2,196 | — | — | — | — | — | — |
| Interest expense | 1,349 | 1,755 | 2,066 | 1,609 | 1,601 | 895 | 206 | 194 | 198 | 223 |
| Pre-tax income | 2,772 | 1,915 | -62.0 | -6,080 | — | — | — | — | — | — |
| Income tax | 12.0 | -1.0 | 13.0 | 14.0 | -21.0 | -17.0 | 71.0 | 54.0 | 60.0 | -49.0 |
| Net income | 2,760 | 1,916 | -74.0 | -6,093 | -9,501 | -10,236 | 2,990 | 3,152 | 2,606 | 2,779 |
| Net income to common shareholders | 2,760 | 1,916 | -74.0 | -6,093 | — | — | — | — | — | — |
| Basic EPS | 2.10 | 1.50 | -0.06 | -5.16 | -8.46 | -13.20 | 4.34 | 4.45 | 3.61 | 3.73 |
| Diluted EPS | 2.02 | 1.44 | -0.06 | -5.16 | -8.46 | -13.20 | 4.32 | 4.44 | 3.59 | 3.72 |
| Average shares (basic) | 1,312 | 1,274 | 1,262 | 1,180 | — | — | — | — | — | — |
| Average shares (diluted) | 1,402 | 1,398 | 1,262 | 1,180 | 1,123 | 775 | 692 | 710 | 725 | 747 |