Carnival revenue and financials
$26.58Change from previous close: +3.99%Absolute change: +$1.02
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6,218 | 5,923 | 4,281 | -1,670 | -4,109 | -6,301 | 5,475 | 5,549 | 5,322 | 5,134 |
| Depreciation and amortization | 2,790 | 2,557 | 2,370 | 2,275 | 2,233 | 2,241 | 2,160 | 2,017 | 1,846 | 1,738 |
| Capital expenditure | -3,611 | -4,626 | -3,284 | -4,940 | -3,607 | -3,620 | -5,429 | -3,749 | -2,944 | -3,062 |
| Investing cash flow | -3,321 | -4,535 | -2,810 | -4,767 | — | — | — | — | — | — |
| Financing cash flow | -2,189 | -2,584 | -5,089 | 3,577 | — | — | — | — | — | — |
| Dividends paid | — | — | — | 0.0 | 0.0 | -689 | -1,387 | -1,355 | -1,087 | -977 |
| Share repurchases | — | — | — | 0.0 | 0.0 | -12.0 | -603 | -1,468 | -552 | -2,340 |
| Debt issued | 11,152 | 3,095 | 2,961 | 7,209 | — | — | — | — | — | — |
| Debt repaid | -12,936 | -5,436 | -7,860 | -4,665 | — | — | — | — | — | — |
| Effect of exchange rates | 19.0 | -8.0 | 17.0 | -79.0 | — | — | — | — | — | — |
| Net change in cash | 708 | -1,197 | -3,618 | -2,860 | — | — | — | — | — | — |
| Free cash flow | 2,607 | 1,297 | 997 | -6,610 | — | — | — | — | — | — |