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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›CCL›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

Carnival Corp Ltd. (CCL) financials

Income statement

Carnival Corp Ltd. (CCL) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$16.4B$17.5B$18.9B$20.8B$5.59B$1.91B$12.2B$21.6B$25.0B$26.6B
Revenue growth—6.8%7.8%10.3%-73.1%-65.9%537.7%77.5%15.9%6.4%
Operating income$3.07B$2.81B$3.33B$3.28B-$8.87B-$7.09B-$4.38B$1.96B$3.57B$4.48B
Operating margin18.7%16.0%17.6%15.7%-158.4%-371.5%-36.0%9.1%14.3%16.8%
Net income$2.78B$2.61B$3.15B$2.99B-$10.2B-$9.50B-$6.09B-$74.0M$1.92B$2.76B
Net margin17.0%14.9%16.7%14.4%-182.9%-498.0%-50.1%-0.3%7.7%10.4%
EPS (diluted)$3.72$3.59$4.44$4.32-$13.20-$8.46-$5.16-$0.06$1.44$2.02

Cash flow

Carnival Corp Ltd. (CCL) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$5.13B$5.32B$5.55B$5.47B-$6.30B-$4.11B-$1.67B$4.28B$5.92B$6.22B
Capital expenditures$3.06B$2.94B$3.75B$5.43B$3.62B$3.61B$4.94B$3.28B$4.63B$3.61B
Free cash flow$2.07B$2.38B$1.80B$46.0M-$9.92B-$7.72B-$6.61B$997M$1.30B$2.61B
Share buybacks$2.34B$552M$1.47B$603M$12.0M$0.00$0.00———
Dividends paid$977M$1.09B$1.35B$1.39B$689M$0.00$0.00———

Balance sheet

Carnival Corp Ltd. (CCL) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$603M$395M$982M$518M$9.51B$8.94B$4.03B$2.42B$1.21B$1.93B
Total assets$38.9B$40.8B$42.4B$45.1B$53.6B$53.3B$51.7B$49.1B$49.1B$51.7B
Long-term debt$8.30B$6.99B$7.90B$9.68B$22.1B$28.5B$32.0B$28.5B$25.9B$24.0B
Shareholders' equity$22.6B$24.2B$24.4B$25.4B$20.6B$12.1B$7.07B$6.88B$9.25B$12.3B
Retained earnings$21.8B$23.3B$25.1B$26.7B$16.1B$6.45B$269M$185M$2.10B$4.82B
Shares (wtd avg diluted)747M725M710M692M775M1.12B1.18B1.26B1.40B1.40B

Every figure is extracted from Carnival Corp Ltd.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Carnival Corp Ltd.'s annual revenue?
Carnival Corp Ltd. (CCL) reported $26.6B of revenue for fiscal year 2025 — up 6.4% from $25.0B in FY2024, per its annual report filed with the SEC.
Is Carnival Corp Ltd. profitable?
Yes — CCL earned $2.76B of net income in FY2025, a 10.4% net margin, per SEC filings.
What is Carnival Corp Ltd.'s free cash flow?
$2.61B in FY2025 (operating cash flow $6.22B minus $3.61B of capital expenditures), from the SEC cash-flow statement.
Does CCL pay a dividend?
Carnival Corp Ltd. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full CCL analysis — verdict, score & filings →Is CCL a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.