Carnival Corporation Income Statement

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Operating Revenue	26,621	25,021	21,593	12,169	1,908
Other Revenue	1	-	-	-	-
Revenue	26,622	25,021	21,593	12,169	1,908
Revenue Growth (YoY)	6.40%	15.88%	77.44%	537.79%	-65.89%
Cost of Revenue	11,834	11,627	10,775	8,359	2,717
Gross Profit	14,788	13,394	10,818	3,810	-809
Selling, General & Admin	3,623	3,476	3,078	2,523	1,896
Other Operating Expenses	4,016	3,842	3,514	2,965	1,346
Operating Expenses	10,429	9,875	8,962	7,763	5,475
Operating Income	4,359	3,519	1,856	-3,953	-6,284
Interest Expense	-1,349	-1,755	-2,066	-1,609	-1,601
Interest & Investment Income	51	93	233	74	12
Other Non Operating Income (Expenses)	8	96	-61	-127	-145
EBT Excluding Unusual Items	3,069	1,953	-38	-5,615	-8,018
Impairment of Goodwill	-	-	-	-	-226
Gain (Loss) on Sale of Investments	-	-	-	-30	-17
Gain (Loss) on Sale of Assets	112	41	88	7	-
Asset Writedown	-	-	-	-440	-591
Other Unusual Items	-409	-79	-111	-1	-670
Pretax Income	2,772	1,915	-61	-6,079	-9,522
Income Tax Expense	12	-1	13	14	-21
Net Income	2,760	1,916	-74	-6,093	-9,501
Net Income to Common	2,760	1,916	-74	-6,093	-9,501
Net Income Growth	44.05%	-	-	-	-
Shares Outstanding (Basic)	1,312	1,274	1,262	1,180	1,123
Shares Outstanding (Diluted)	1,402	1,398	1,262	1,180	1,123
Shares Change (YoY)	0.29%	10.78%	6.95%	5.08%	44.90%
EPS (Basic)	2.10	1.50	-0.06	-5.16	-8.46
EPS (Diluted)	2.02	1.44	-0.06	-5.16	-8.46
EPS Growth	40.51%	-	-	-	-
Free Cash Flow	2,607	1,297	997	-6,610	-7,716
Free Cash Flow Per Share	1.86	0.93	0.79	-5.60	-6.87
Gross Margin	55.55%	53.53%	50.10%	31.31%	-42.40%
Operating Margin	16.37%	14.06%	8.60%	-32.48%	-329.35%
Profit Margin	10.37%	7.66%	-0.34%	-50.07%	-497.96%
Free Cash Flow Margin	9.79%	5.18%	4.62%	-54.32%	-404.40%
EBITDA	7,149	6,076	4,226	-1,678	-4,051
EBITDA Margin	26.85%	24.28%	19.57%	-13.79%	-212.32%
D&A For EBITDA	2,790	2,557	2,370	2,275	2,233
EBIT	4,359	3,519	1,856	-3,953	-6,284
EBIT Margin	16.37%	14.06%	8.60%	-32.48%	-
Effective Tax Rate	0.43%	-	-	-	-
Revenue as Reported	26,622	25,021	21,593	12,168	1,908

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.