CCL
Carnival Corporation Ltd.Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.05% · Russell 3000 0.05% · US Stock Market 0.05% · MSCI World 0.04% · MSCI ACWI 0.03%$22.75+1.25%
as of market close, Sep 11, 2026
☾ AH — —
CCL financial statements
The full income statement, balance sheet, and cash-flow statement for Carnival Corporation Ltd. (CCL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-05 1.12B2024-08 1.15B2024-11 1.16B2025-02 1.17B2025-05 1.17B2025-08 1.17B2025-11 1.24B2026-02 1.24B2026-05 1.37B+22.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Revenue | 26.6B+6.4% | 25.0B+15.9% | 21.6B+77.5% | 12.2B+537.7% | 1.91B-65.9% | |
| Cost of revenue | — | 15.6B+9.2% | 14.3B+21.8% | 11.8B+152.6% | 4.66B | |
| Selling, general & administrative | 3.40B+4.6% | 3.25B+10.2% | 2.95B+17.3% | 2.52B+33.4% | 1.89B+0.4% | |
| Restructuring | 13.0M-38.1% | 21.0M+10.5% | 19.0M | — | — | |
| Operating income | 4.48B+25.4% | 3.57B+82.7% | 1.96B+144.7% | -4.38B+38.2% | -7.09B+20.0% | |
| Interest expense | 1.35B-23.1% | 1.75B-15.1% | 2.07B+28.4% | 1.61B+0.5% | 1.60B+78.9% | |
| Interest & investment income | 51.0M-45.2% | 93.0M-60.1% | 233M+214.9% | 74.0M+516.7% | 12.0M-33.3% | |
| Other non-operating income | -4.00M-104.8% | 83.0M+210.7% | -75.0M+54.5% | -165M+4.6% | -173M-232.7% | |
| Equity-method income | — | 9.00M+169.2% | -13.0M+65.8% | -38.0M+70.5% | -129M-545.0% | |
| Pre-tax income | 2.77B+44.8% | 1.92B+3188.7% | -62.0M+99.0% | -6.08B+36.1% | -9.52B+7.1% | |
| Income tax | 12.0M+1300.0% | -1.00M-107.7% | 13.0M-7.1% | 14.0M+166.7% | -21.0M-23.5% | |
| 2.76B+44.1% | 1.92B+2689.2% | -74.0M+98.8% | -6.09B+35.9% | -9.50B+7.2% | ||
| Net income to common | — | — | -74.0M+98.8% | -6.09B+35.9% | -9.50B+7.2% | |
| $2.02+40.3% | $1.44+2500.0% | -$0.06+98.8% | -$5.16+39.0% | -$8.46+35.9% | ||
| EPS (basic) | $2.10+40.0% | $1.50+2600.0% | -$0.06+98.8% | -$5.16+39.0% | -$8.46+35.9% | |
| Weighted-avg shares (basic) | 1.31B+3.0% | 1.27B+1.0% | 1.26B+6.9% | 1.18B+5.1% | 1.12B+44.9% | |
| Weighted-avg shares (diluted) | 1.40B+0.3% | 1.40B+10.8% | 1.26B+6.9% | 1.18B+5.1% | 1.12B+44.9% | |
| Balance Sheet | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| 4.22B+24.9% | 3.38B-35.9% | 5.27B-29.7% | 7.49B-26.1% | 10.1B-4.1% | ||
| Cash & equivalents | 1.93B+59.3% | 1.21B-49.9% | 2.42B-40.1% | 4.03B-54.9% | 8.94B-6.0% | |
| Short-term investments | — | — | — | 0.00-100.0% | 200M | |
| Cash & short-term investments | — | — | 5.40B-37.2% | 8.60B-8.5% | 9.40B | |
| Accounts receivable | 678M+14.9% | 590M+6.1% | 556M+40.8% | 395M+60.6% | 246M-9.9% | |
| Inventory | 505M-0.4% | 507M-4.0% | 528M+23.4% | 428M+20.2% | 356M+6.3% | |
| Other current assets | 1.11B+3.6% | 1.07B-39.4% | 1.77B+171.0% | 652M+72.0% | 379M-14.4% | |
| 51.7B+5.4% | 49.1B-0.1% | 49.1B-5.0% | 51.7B-3.1% | 53.3B-0.5% | ||
| Property, plant & equipment | 43.5B+4.1% | 41.8B+4.2% | 40.1B+3.7% | 38.7B+1.5% | 38.1B+0.1% | |
| Operating lease right-of-use | 1.33B-2.9% | 1.37B+8.1% | 1.26B-0.7% | 1.27B-4.4% | 1.33B-2.7% | |
| Goodwill | 579M+0.0% | 579M+0.0% | 579M+0.0% | 579M+0.0% | 579M-28.3% | |
| Intangible assets | 1.18B+1.2% | 1.16B-0.5% | 1.17B+1.1% | 1.16B-2.1% | 1.18B-0.4% | |
| Other non-current assets | 890M+14.8% | 775M+6.9% | 725M-71.2% | 2.52B+25.1% | 2.01B+26.2% | |
| 13.1B+12.7% | 11.6B+1.2% | 11.5B+8.3% | 10.6B+1.9% | 10.4B+19.8% | ||
| Accounts payable | 1.25B+9.9% | 1.13B-3.0% | 1.17B+11.2% | 1.05B+31.7% | 797M+27.7% | |
| Accrued liabilities | 2.24B-5.0% | 2.36B+17.7% | 2.00B+3.1% | 1.94B+18.3% | 1.64B+43.4% | |
| Deferred revenue | 6.83B+6.3% | 6.42B+5.8% | 6.07B+24.6% | 4.87B+56.6% | 3.11B+60.4% | |
| Short-term & current debt | 2.60B+69.2% | 1.54B-26.4% | 2.09B-12.7% | 2.39B+24.2% | 1.93B+10.6% | |
| Current lease liability | 175M+7.4% | 163M+9.4% | 149M+2.1% | 146M+2.8% | 142M-6.0% | |
| Long-term debt | 24.0B-7.3% | 25.9B-8.9% | 28.5B-10.9% | 32.0B+12.1% | 28.5B+28.8% | |
| Non-current lease liability | 1.18B-4.9% | 1.24B+5.9% | 1.17B-1.6% | 1.19B-4.0% | 1.24B-2.7% | |
| Operating lease liability (total) | 1.35B-3.5% | 1.40B+6.3% | 1.32B-1.2% | 1.33B-3.3% | 1.38B-3.0% | |
| Other non-current liabilities | 1.10B+8.4% | 1.01B-8.4% | 1.10B+24.0% | 891M-14.6% | 1.04B+9.9% | |
| 12.3B+32.6% | 9.25B+34.4% | 6.88B-2.6% | 7.07B-41.8% | 12.1B-40.9% | ||
| Additional paid-in capital | 17.3B+0.6% | 17.2B+2.7% | 16.7B-0.9% | 16.9B+10.3% | 15.3B+9.6% | |
| Retained earnings | 4.82B+129.3% | 2.10B+1035.7% | 185M-31.2% | 269M-95.8% | 6.45B-59.9% | |
| Treasury stock | 8.36B-0.5% | 8.40B-0.5% | 8.45B-0.2% | 8.47B+0.0% | 8.47B+0.7% | |
| Accumulated other comprehensive income | -1.81B+8.4% | -1.98B-1.9% | -1.94B+2.2% | -1.98B-32.0% | -1.50B-4.5% | |
| Non-controlling interest | 14.0M | — | — | — | — | |
| Total equity incl. non-controlling | 12.3B+32.8% | 9.25B | — | — | — | |
| Total liabilities & equity | 51.7B+5.4% | 49.1B-0.1% | 49.1B-5.0% | 51.7B-3.1% | 53.3B-0.5% | |
| Shares outstanding (cover) | 1.24B+6.2% | 1.16B+4.0% | 1.12B+0.5% | 1.11B+12.9% | 986M+5.8% | |
| Cash Flow | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| 6.22B+5.0% | 5.92B+38.4% | 4.28B+356.3% | -1.67B+59.4% | -4.11B+34.8% | ||
| Depreciation & amortization | 2.79B+9.1% | 2.56B+7.9% | 2.37B+4.2% | 2.27B+1.9% | 2.23B-0.4% | |
| Share-based compensation | 98.0M+58.1% | 62.0M+17.0% | 53.0M-47.5% | 101M-16.5% | 121M+15.2% | |
| Change in inventory | -2.00M+77.8% | -9.00M-110.6% | 85.0M-10.5% | 95.0M+50.8% | 63.0M+181.8% | |
| Change in payables | 61.0M+334.6% | -26.0M-133.8% | 77.0M-72.8% | 283M+37.4% | 206M+224.8% | |
| Other operating activities | 58.0M-7.9% | 63.0M-30.0% | 90.0M+38.5% | 65.0M-56.4% | 149M | |
| -3.32B+26.8% | -4.54B-61.4% | -2.81B+41.1% | -4.77B-34.5% | -3.54B-9.4% | ||
| Capital expenditure | 3.61B-21.9% | 4.63B+40.9% | 3.28B-33.5% | 4.94B+37.0% | 3.61B-0.4% | |
| Free cash flow | 2.61B+101.0% | 1.30B+30.1% | 997M+115.1% | -6.61B+14.3% | -7.72B+22.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 323M+456.9% | 58.0M-82.9% | 340M+385.7% | 70.0M-80.1% | 351M+5.1% | |
| Other investing activities | -67.0M+31.6% | -98.0M+36.8% | -155M-259.8% | 97.0M+3333.3% | -3.00M+97.6% | |
| -2.19B+15.3% | -2.58B+49.2% | -5.09B-242.3% | 3.58B-48.5% | 6.95B-62.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net short-term debt | — | — | — | -2.59B-784.0% | -293M-110.3% | |
| Common stock issued | 0.00 | 0.00-100.0% | 5.00M-99.6% | 1.18B+16.9% | 1.01B-68.9% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | — | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Other financing activities | 12.0M+1100.0% | 1.00M-95.0% | 20.0M+2100.0% | -1.00M+85.7% | -7.00M+95.3% | |
| FX effect on cash | 19.0M+337.5% | -8.00M-147.1% | 17.0M+121.5% | -79.0M-507.7% | -13.0M-124.5% | |
| Net change in cash | 727M+160.4% | -1.20B+66.6% | -3.60B-22.5% | -2.94B-311.2% | -715M-107.8% | |
| Interest paid | 1.20B-25.0% | 1.60B-20.0% | 2.00B+42.9% | 1.40B+7.7% | 1.30B+116.7% | |
| Income taxes paid | — | — | — | — | 0.00 | |
| Valuation Ratios | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Market cap | 30.1B+2.6% | 29.4B+74.1% | 16.9B+52.5% | 11.1B-36.4% | 17.4B-6.7% | |
| P/E | 11.4×-39.3% | 18.8× | — | — | — | |
| P/S | 1.1×-4.3% | 1.2×+53.6% | 0.8×-14.1% | 0.9×-90.0% | 9.1×+173.5% | |
| P/B | 2.5×-26.1% | 3.4×+39.4% | 2.4×+56.5% | 1.6×+9.4% | 1.4×+57.9% | |
| P/FCF | 10.3×-56.9% | 24.0×+41.7% | 16.9× | — | — | |
| Earnings yield | 8.8%+64.6% | 5.3% | — | — | — | |
| FCF yield | 9.7%+132.0% | 4.2%-29.4% | 5.9% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: CCL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CCL filings on SEC EDGAR → Not investment advice.