Carnival revenue and financials
$26.42Change from previous close: +3.35%Absolute change: +$0.86
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 assets | 51,687 | 49,057 | 49,120 | 51,703 | 53,344 | 53,593 | 45,058 | 42,401 | 40,778 | 38,936 |
| Current assets | 4,219 | 3,378 | 5,266 | 7,492 | 10,133 | 10,563 | 2,059 | 2,225 | 1,596 | 1,689 |
| Cash and equivalents | 1,928 | 1,210 | 2,415 | 4,029 | 8,939 | 9,513 | 518 | 982 | 395 | 603 |
| Short-term investments | — | — | — | 0.0 | 200 | — | — | — | — | — |
| Receivables | 678 | 590 | 556 | 395 | — | — | — | — | — | — |
| Inventory | 505 | 507 | 528 | 428 | — | — | — | — | — | — |
| Net property, plant and equipment | 44,822 | 43,163 | 41,381 | 39,961 | — | — | — | — | — | — |
| Goodwill | 579 | 579 | 579 | 579 | 579 | 807 | 2,912 | 2,925 | 2,967 | 2,910 |
| Other intangible assets | 1,177 | 1,163 | 1,169 | 1,156 | — | — | — | — | — | — |
| Current liabilities | 13,092 | 11,617 | 11,481 | 10,605 | 10,408 | 8,686 | 9,127 | 9,204 | 8,800 | 7,072 |
| Accounts payable | 1,245 | 1,133 | 1,168 | 1,050 | — | — | — | — | — | — |
| Long-term debt | 27,383 | 28,213 | 31,339 | 35,615 | 33,226 | 26,957 | 11,503 | 10,323 | 9,195 | 9,399 |
| Total debt | 27,993 | 28,876 | 31,891 | 35,881 | — | — | — | — | — | — |
| Total liabilities | 39,403 | 39,805 | 42,237 | 44,639 | — | — | — | — | — | — |
| Total equity (incl. minority) | 12,284 | 9,252 | 6,883 | 7,064 | — | — | — | — | — | — |
| Retained earnings | 4,817 | 2,101 | 185 | 269 | — | — | — | — | — | — |