FY2025 · ended Nov 30, 2025 · Revenue $26.62B, +6.4% YoY · Filed Jan 27, 2026
Carnival Corp Ltd. (CCL) files with the SEC under industry code 4400, Water Transportation. In fiscal 2025, which ended Nov 30, 2025, it reported revenue of $26.6 billion and net income of $2.8 billion. Free cash flow was $2.6 billion. As of Aug 31, 2026 it held $1.2 billion in cash and investments and $25.8 billion in total debt.
Revenue (TTM)
$27.59B
+5.2% vs year-ago TTM
Net income (TTM)
$3.14B
+18.8% vs year-ago TTM
Operating cash flow (TTM)
$6.82B
+21.6% vs year-ago TTM
Free cash flow (TTM)
$3.18B
+9.0% vs year-ago TTM
EPS (TTM)
$2.26
+19.9% vs year-ago TTM
Dividend per share
$1.95
+21.9% vs prior year
Shares outstanding
1.24B
+6.2% vs prior year
Net cash
$-24.59B
as of Aug 31, 2026
Operating margin
16.0%
FY 2026
Company profile
- Industry
- Water Transportation (SIC 4400)
- Listed as
- CCL (NYSE)
- Fiscal year ends
- November 30
- Incorporated in
- Bermuda
- Headquarters
- Miami, FL
- SEC filer status
- Large accelerated filer
- SEC CIK
- 815097
- Former names
- CARNIVAL CORP (until Apr 29, 2026); CARNIVAL CRUISE LINES INC (until Jan 21, 1994)
Other Water Transportation companies
- Royal Caribbean Cruises Ltd RCL
- Viking Holdings Ltd VIK
- Norwegian Cruise Line Holdings Ltd. NCLH
- Kirby Corp KEX
- Matson, Inc. MATX
- International Seaways, Inc. INSW
- Golar LNG Ltd GLNG
- Tidewater Inc TDW
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Nov 30, 2025 |
FY 2024 Nov 30, 2024 |
FY 2023 Nov 30, 2023 |
FY 2022 Nov 30, 2022 |
FY 2021 Nov 30, 2021 |
|---|---|---|---|---|---|
| Revenue | $26.6B | $25.0B | $21.6B | $12.2B | $1.9B |
| Operating income | $4.5B | $3.6B | $2.0B | -$4.4B | -$7.1B |
| Net income | $2.8B | $1.9B | -$74.0M | -$6.1B | -$9.5B |
| Diluted EPS | $2.02 | $1.44 | -$0.06 | -$5.16 | -$8.46 |
| Operating cash flow | $6.2B | $5.9B | $4.3B | -$1.7B | -$4.1B |
| Free cash flow | $2.6B | $1.3B | $997.0M | -$6.6B | -$7.7B |
| Total assets | $51.7B | $49.1B | $49.1B | $51.7B | $53.3B |
| Stockholders' equity | $12.3B | $9.3B | $6.9B | $7.1B | $12.1B |
| Cash and investments | $1.9B | $1.2B | $2.4B | $4.0B | $9.1B |
| Total debt | $28.7B | $29.6B | $32.7B | $37.1B | $38.1B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt
|
Nov 4, 2026 | Nov 3, 2026 |
| 10-Q | Quarterly report | Sep 29, 2026 | Aug 31, 2026 |
| 8-K |
Current report
Results of operations
|
Sep 29, 2026 | Sep 29, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 5, 2026 | Aug 5, 2026 |
| 10-Q | Quarterly report | Jun 26, 2026 | May 31, 2026 |
| 8-K |
Current report
Results of operations
|
Jun 23, 2026 | Jun 23, 2026 |
All 1002 Carnival Corp Ltd. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.