Carnival Corporation Ltd. (CCL) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue grew from $13.03B (period ending 2007-11-30) to $26.62B (period ending 2025-11-30) — a 4.0% annual pace across 18 year(s) of filed history.
- Net margin compressed from 18.5% to 10.4% over that same span.
- Across 39 tracked quarters, the strongest was $8.15B (quarter ending 2025-08-31) and the weakest was $26.0M (quarter ending 2021-02-28).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $26.62B | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Operating income | $4.48B | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Net income | $2.76B | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Diluted EPS | $2.02 | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Total assets | $51.69B | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Cash & equivalents | $1.93B | 2025-11-30 | 10-K | 0000815097-26-000007 |
| Operating cash flow | $6.22B | 2025-11-30 | 10-K | 0000815097-26-000007 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $6.66B | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Operating income | $851.0M | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Net income | $537.0M | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Diluted EPS | $0.39 | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Total assets | $52.23B | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Cash & equivalents | $2.24B | 2026-05-31 | 10-Q | 0000815097-26-000096 |
| Operating cash flow | $1.26B | 2026-02-28 | 10-Q | 0000815097-26-000037 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
Carnival Corporation Ltd. (CCL) operates in the cruise industry, with a substantial scale evident from its $26.62 billion annual revenue in 2025. The multi-year trajectory reveals a period of growth leading up to the pandemic, with revenues peaking at $18.88 billion in 2018 before plummeting to $5.59 billion in 2020 due to COVID-19 disruptions. The company has since been recovering, with revenue reaching $26.62 billion in 2025, reflecting a modest annual growth rate of 4.0% over the 18-year history captured in its SEC filings.
Net income followed a similar trajectory, peaking at $3.15 billion in 2019 before suffering significant losses during the pandemic years, bottoming out at -$10.24 billion in 2020. CCL has since shown improvement, reporting net income of $2.76 billion in 2025, although margins have compressed from 18.5% to 10.4% over the same period. Quarterly performance varied, with the strongest quarter at $8.15 billion in Q3 2025 and the weakest at $26.0 million in Q2 2021.
In upcoming filings, investors should monitor Carnival’s ability to sustain revenue growth amidst ongoing industry challenges and geopolitical uncertainties. Additionally, the company’s efforts to improve profitability and control costs will be crucial in light of compressed margins. The balance sheet remains robust with $1.93 billion in cash and equivalents as of 2025-11-30, providing a financial cushion for operations and potential investments in fleet modernization or expansion into new markets.
Source: SEC EDGAR company facts for CIK 0000815097 · filings index