Carnival Corporation & plc
Consumer CyclicalNYSE:CCL · New York Stock Exchange
+$0.84 today
Vol 20.87M · Avg 27.89M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$27.0B of revenue converted into $3.1B of net income for the selected period. Gross margin is 36.9% and net margin is 10.6%, showing how much revenue survives after costs and taxes. EPS is $2.25, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.6B +6.4% | $25.0B +15.9% | $21.6B +77.4% | $12.2B +537.8% | $1.9B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $18.7B +19.8% | $15.6B +9.2% | $14.3B +21.8% | $11.8B +152.6% | $4.7B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $7.9B -16.0% | $9.4B +29.0% | $7.3B +1666.0% | $412.0M +115.0% | -$2.7B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 29.6% -7.9pp | 37.5% +3.8pp | 33.7% +30.3pp | 3.4% +147.4pp | -144.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $3.4B +4.6% | $3.3B +10.2% | $3.0B +17.3% | $2.5B +33.4% | $1.9B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $3.4B -41.4% | $5.8B +9.2% | $5.3B +11.0% | $4.8B +10.3% | $4.3B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $2.8B +9.1% | $2.6B +7.9% | $2.4B +4.2% | $2.3B +1.9% | $2.2B | $374.2M | $1.2B | $631.8M |
| EBITDA | $6.9B +11.0% | $6.2B +42.4% | $4.4B +299.2% | -$2.2B +61.4% | -$5.7B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 26.0% +1.1pp | 24.9% +4.6pp | 20.3% +38.3pp | -18.0% +280.1pp | -298.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $4.5B +25.4% | $3.6B +82.7% | $2.0B +144.7% | -$4.4B +38.2% | -$7.1B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 16.8% +2.6pp | 14.3% +5.2pp | 9.1% +45.0pp | -36.0% +335.6pp | -371.5% | 16.6% | 24.1% | 22.0% |
| Interest Income | $51.0M -45.2% | $93.0M -60.1% | $233.0M +214.9% | $74.0M +516.7% | $12.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $1.3B -23.1% | $1.8B -15.1% | $2.1B +28.4% | $1.6B +0.5% | $1.6B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$1.7B -3.1% | -$1.7B +17.8% | -$2.0B -18.6% | -$1.7B +30.1% | -$2.4B | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $2.8B +44.8% | $1.9B +3188.7% | -$62.0M +99.0% | -$6.1B +36.1% | -$9.5B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 10.4% +2.8pp | 7.7% +7.9pp | -0.3% +49.7pp | -50.0% +449.1pp | -499.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $12.0M +1300.0% | -$1.0M -107.7% | $13.0M -7.1% | $14.0M +166.7% | -$21.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $2.8B +44.1% | $1.9B +2689.2% | -$74.0M +98.8% | -$6.1B +35.9% | -$9.5B | $4.9B | $4.8B | $4.7B |
| Net Margin | 10.4% +2.7pp | 7.7% +8.0pp | -0.3% +49.7pp | -50.1% +447.9pp | -498.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +40.0% | $2 +2659.7% | -$0 +98.9% | -$5 +39.0% | -$8 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +40.3% | $1 +2557.3% | -$0 +98.9% | -$5 +39.0% | -$8 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.3B +3.0% | $1.3B +1.0% | $1.3B +6.9% | $1.2B +5.1% | $1.1B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.4B +0.3% | $1.4B +10.8% | $1.3B +6.9% | $1.2B +5.1% | $1.1B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
eBay Inc.
NASDAQ:EBAY
$48.01B
D.R. Horton, Inc.
NYSE:DHI
$44.03B
Yum! Brands, Inc.
NYSE:YUM
$42.57B
Chipotle Mexican Grill, Inc.
NYSE:CMG
$41.37B
Las Vegas Sands Corp.
NYSE:LVS
$33.35B
Trip.com Group Limited
NASDAQ:TCOM
$29.50B
Copart, Inc.
NASDAQ:CPRT
$28.40B
Lennar Corporation
NYSE:LEN
$22.54B
Flutter Entertainment plc
NYSE:FLUT
$19.23B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CCL generate?
Carnival Corporation & plc (CCL) reported $26.62B of revenue in fiscal 2025.
Is CCL profitable?
Carnival Corporation & plc (CCL) reported $2.76B of net income, with a net margin of 10.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.