Consumer Discretionary · Hotels, Resorts & Cruise Lines
Carnival: revenue, profit and dividends
In fiscal 2025, Carnival had revenue of $26.6B, up 5.4% a year on average since 2015, and net income of $2.76B (10.4% of revenue). It has 80% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +6.4% vs 2024
- Ticker
- CCL · NYSE
- Sector
- Consumer Discretionary
- Sub-industry
- Hotels, Resorts & Cruise Lines
- Headquarters
- Miami, Florida
- Founded
- 1972
- In the S&P 500 since
- December 22, 1998
- Latest fiscal year
- 2025, ended November 30, 2025
- SEC filer
- Carnival Corp Ltd. · CIK 0000815097
Revenue and net income
Revenue went from $13B in 2007 to $26.6B in 2025. Net loss in 2020–2023.
Diluted earnings per share
Diluted EPS went from $2.95 in 2007 to $2.02 in 2025. Ten-year growth: −1.1% a year.
Dividends per share
No dividend per share for 2025 in the data.
Shares outstanding
80.0% more shares in 2025 than in 2015 (779M → 1.4B): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $2.61B in 2025, 9.8% of revenue. Negative in 2009, 2020–2022.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $26.6B | $2.76B | 10.4% | $2.02 | — | 1.4B | $6.22B | $3.61B | $2.61B |
| 2024 | $25B | $1.92B | 7.7% | $1.44 | — | 1.4B | $5.92B | $4.63B | $1.3B |
| 2023 | $21.6B | −$74M | −0.3% | −$0.06 | — | 1.26B | $4.28B | $3.28B | $997M |
| 2022 | $12.2B | −$6.09B | −50.1% | −$5.16 | — | 1.18B | −$1.67B | $4.94B | −$6.61B |
| 2021 | $1.91B | −$9.5B | −498.0% | −$8.46 | — | 1.12B | −$4.11B | $3.61B | −$7.72B |
| 2020 | $5.59B | −$10.2B | −182.9% | −$13.20 | $0.50* | 775M | −$6.3B | $3.62B | −$9.92B |
| 2019 | $20.8B | $2.99B | 14.4% | $4.32 | $2.00* | 692M | $5.47B | $5.43B | $46M |
| 2018 | $18.9B | $3.15B | 16.7% | $4.44 | $1.95 | 710M | $5.55B | $3.75B | $1.8B |
| 2017 | $17.5B | $2.61B | 14.9% | $3.59 | $1.60 | 725M | $5.32B | $2.94B | $2.38B |
| 2016 | $16.4B | $2.78B | 17.0% | $3.72 | $1.35 | 747M | $5.13B | $3.06B | $2.07B |
| 2015 | $15.7B | $1.76B | 11.2% | $2.26 | $1.10 | 779M | $4.54B | $2.29B | $2.25B |
| 2014 | $15.9B | $1.22B | 7.7% | $1.56 | $1.00 | 778M | $3.43B | $2.58B | $847M |
| 2013 | — | $1.05B | — | $1.36 | $1.00 | 777M | $2.83B | $2.15B | $685M |
| 2012 | — | $1.3B | — | $1.67 | $1.50 | 779M | $3.0B | $2.33B | $667M |
| 2011 | — | $1.91B | — | $2.42 | $1.00 | 789M | $3.77B | $2.7B | $1.07B |
| 2010 | — | $1.98B | — | $2.47 | $0.40 | 805M | $3.82B | $3.58B | $239M |
| 2009 | $13.2B | $1.79B | 13.6% | $2.24 | $0.00 | 804M | $3.34B | $3.38B | −$38M |
| 2008 | $14.6B | $2.32B | 15.9% | $2.90 | $1.60 | 816M | $3.39B | $3.35B | $38M |
| 2007 | $13B | $2.41B | 18.5% | $2.95 | $1.38 | — | $4.07B | $3.31B | $757M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2019–2020 are added up from the quarterly reports.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Hotels, Resorts & Cruise Lines companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.