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 | Q to May 2026 | Q to Feb 2026 | Q to Nov 2025 | Q to Aug 2025 | Q to May 2025 | Q to Feb 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | 2,630 | 1,263 | 1,518 | 1,383 | 2,392 | — |
| Depreciation and amortization | 723 | 696 | 726 | 718 | 692 | — |
| Capital expenditure | -875 | -566 | -1,506 | -647 | -851 | — |
| Investing cash flow | -884 | -597 | -1,506 | -624 | -586 | — |
| Financing cash flow | -938 | -1,166 | 166 | -1,144 | -521 | — |
| Dividends paid | -206 | -208 | — | — | 0.0 | 0.0 |
| Debt issued | 0.0 | 0.0 | 2,534 | 4,536 | 1,102 | — |
| Debt repaid | -302 | -945 | -2,260 | -5,612 | -1,616 | — |
| Effect of exchange rates | -3.0 | -2.0 | -11.0 | 6.0 | 30.0 | — |
| Net change in cash | 806 | -499 | 177 | -385 | 1,285 | — |
| Free cash flow | 1,755 | 697 | 12.0 | 736 | 1,541 | — |