{ "ticker": "CCL", "cik": "0000815097", "company": "Carnival Corporation Ltd.", "business_type": "cruise operator", "schema_template": "cruise operator: total revenues split into passenger ticket and onboard and other revenue; cruise and tour operating expenses (with fuel shown separately), selling and administrative expense, depreciation and amortization, operating income, interest, debt extinguishment costs, pre-tax income, net income and per-share amounts; balance sheet cash, property and equipment (mainly ships), customer deposits, debt and equity; operating cash flow, ship and other capital spending, free cash flow, debt repayments and issuance, dividends and share repurchases. Carnival does not report a cost of revenue or gross profit, so none is shown. Carnival is the largest global cruise company, operating AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual US dollars (not millions); share counts in actual shares; per-share amounts in dollars per share. Operating expense lines are stored as positive amounts, as the income statement prints them; interest expense, debt extinguishment costs, other income (expense) and income tax keep the sign the filing prints (negative is an expense or loss). Cash flow lines keep the sign of the cash flow statement (outflows negative). Dividends and repurchases in shareholder_returns are reductions of equity and are negative.", "units_notes_seen": { "FY2025 10-K consolidated statements of income (loss)": "(in millions, except per share data)", "FY2025 10-K consolidated balance sheets": "(in millions, except par values)", "FY2025 10-K consolidated statements of cash flows": "(in millions)", "FY2025 10-K Note 5, Debt": "(in millions)", "FY2025 10-K Note 14, Earnings Per Share": "(in millions, except per share data)", "Q3 FY2026 10-Q consolidated statements of income": "(in millions, except per share data)", "Q3 FY2026 10-Q consolidated balance sheets": "(in millions, except par values)", "Q3 FY2026 10-Q consolidated statements of cash flows": "(in millions)", "Q3 FY2026 10-Q consolidated statements of shareholders' equity": "(in millions)", "Q3 FY2026 10-Q Note 3, Debt": "(in millions)", "Q3 FY2026 10-Q Note 7, Earnings Per Share": "(in millions, except per share data)", "Q3 FY2026 earnings release (Exhibit 99.1), cash flow information": "CASH FLOW INFORMATION (in millions)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "None. Carnival reports in U.S. dollars.", "per_share_basis": "Per-share amounts are per Carnival common share as the filings state them. No stock split falls inside the periods shown, and no ADS ratio applies: CCL trades as common shares on the NYSE. For earnings per share in FY2023 to FY2025, the 10-K treats Carnival Corporation common stock and Carnival plc ordinary shares as a single class, since they had equivalent rights." }, "annual": [ { "fiscal_year": 2025, "label": "FY2025", "period_start": "2024-12-01", "period_end": "2025-11-30", "period_type": "fiscal year", "source_accession": "0000815097-26-000007", "income_statement": { "passenger_ticket_revenue": 17419000000, "onboard_and_other_revenue": 9202000000, "total_revenues": 26622000000, "fuel_expense": 1808000000, "total_cruise_and_tour_operating_expenses": 15947000000, "selling_and_administrative_expense": 3402000000, "depreciation_and_amortization_expense": 2790000000, "operating_income": 4483000000, "interest_income": 51000000, "interest_expense_net_of_capitalized_interest": -1349000000, "debt_extinguishment_and_modification_costs": -409000000, "other_income_expense_net": -4000000, "income_before_income_taxes": 2772000000, "income_tax_benefit_expense_net": -12000000, "net_income": 2760000000, "basic_eps": 2.1, "diluted_eps": 2.02, "net_income_for_diluted_eps": 2831000000, "weighted_average_basic_shares": 1312000000, "diluted_shares": 1402000000 }, "balance_sheet": { "cash_and_cash_equivalents": 1928000000, "total_current_assets": 4219000000, "property_and_equipment_net": 43494000000, "total_assets": 51687000000, "current_portion_of_long_term_debt": 2603000000, "customer_deposits_current": 6831000000, "total_current_liabilities": 13092000000, "long_term_debt": 24037000000, "total_debt": 26640000000, "total_shareholders_equity": 12284000000 }, "cash_flow": { "operating_cash_flow": 6218000000, "purchases_of_property_and_equipment": -3611000000, "proceeds_from_sales_of_ships_and_other_property_and_equipment": 323000000, "net_cash_used_in_investing_activities": -3321000000, "repayments_of_long_term_debt": -12936000000, "proceeds_from_issuance_of_long_term_debt": 11152000000, "net_cash_used_in_financing_activities": -2189000000, "free_cash_flow": 2607000000 } }, { "fiscal_year": 2024, "label": "FY2024", "period_start": "2023-12-01", "period_end": "2024-11-30", "period_type": "fiscal year", "source_accession": "0000815097-26-000007", "income_statement": { "passenger_ticket_revenue": 16463000000, "onboard_and_other_revenue": 8558000000, "total_revenues": 25021000000, "fuel_expense": 2007000000, "total_cruise_and_tour_operating_expenses": 15638000000, "selling_and_administrative_expense": 3252000000, "depreciation_and_amortization_expense": 2557000000, "operating_income": 3574000000, "interest_income": 93000000, "interest_expense_net_of_capitalized_interest": -1755000000, "debt_extinguishment_and_modification_costs": -79000000, "other_income_expense_net": 83000000, "income_before_income_taxes": 1915000000, "income_tax_benefit_expense_net": 1000000, "net_income": 1916000000, "basic_eps": 1.5, "diluted_eps": 1.44, "net_income_for_diluted_eps": 2009000000, "weighted_average_basic_shares": 1274000000, "diluted_shares": 1398000000 }, "balance_sheet": { "cash_and_cash_equivalents": 1210000000, "total_current_assets": 3378000000, "property_and_equipment_net": 41795000000, "total_assets": 49057000000, "current_portion_of_long_term_debt": 1538000000, "customer_deposits_current": 6425000000, "total_current_liabilities": 11617000000, "long_term_debt": 25936000000, "total_debt": 27475000000, "total_shareholders_equity": 9251000000 }, "cash_flow": { "operating_cash_flow": 5923000000, "purchases_of_property_and_equipment": -4626000000, "proceeds_from_sales_of_ships_and_other_property_and_equipment": 58000000, "net_cash_used_in_investing_activities": -4535000000, "repayments_of_long_term_debt": -5436000000, "proceeds_from_issuance_of_long_term_debt": 3095000000, "net_cash_used_in_financing_activities": -2584000000, "free_cash_flow": 1297000000 } }, { "fiscal_year": 2023, "label": "FY2023", "period_start": "2022-12-01", "period_end": "2023-11-30", "period_type": "fiscal year", "source_accession": "0000815097-26-000007", "income_statement": { "passenger_ticket_revenue": 14067000000, "onboard_and_other_revenue": 7526000000, "total_revenues": 21593000000, "fuel_expense": 2047000000, "total_cruise_and_tour_operating_expenses": 14317000000, "selling_and_administrative_expense": 2950000000, "depreciation_and_amortization_expense": 2370000000, "operating_income": 1956000000, "interest_income": 233000000, "interest_expense_net_of_capitalized_interest": -2066000000, "debt_extinguishment_and_modification_costs": -111000000, "other_income_expense_net": -75000000, "income_before_income_taxes": -62000000, "income_tax_benefit_expense_net": -13000000, "net_income": -74000000, "basic_eps": -0.06, "diluted_eps": -0.06, "net_income_for_diluted_eps": -74000000, "weighted_average_basic_shares": 1262000000, "diluted_shares": 1262000000 }, "cash_flow": { "operating_cash_flow": 4281000000, "purchases_of_property_and_equipment": -3284000000, "proceeds_from_sales_of_ships_and_other_property_and_equipment": 340000000, "net_cash_used_in_investing_activities": -2810000000, "repayments_of_long_term_debt": -7660000000, "proceeds_from_issuance_of_long_term_debt": 2961000000, "net_cash_used_in_financing_activities": -5089000000, "free_cash_flow": 997000000 } } ], "quarterly": [ { "fiscal_year": 2026, "fiscal_quarter": 3, "label": "Q3 FY2026", "period_start": "2026-06-01", "period_end": "2026-08-31", "period_type": "three months", "source_accession": "0000815097-26-000107", "cash_flow_source_accession": "0000815097-26-000104", "income_statement": { "passenger_ticket_revenue": 5529000000, "onboard_and_other_revenue": 2906000000, "total_revenues": 8435000000, "fuel_expense": 615000000, "total_cruise_and_tour_operating_expenses": 4628000000, "selling_and_administrative_expense": 834000000, "depreciation_and_amortization_expense": 754000000, "operating_income": 2220000000, "interest_income": 17000000, "interest_expense_net_of_capitalized_interest": -285000000, "debt_extinguishment_and_modification_costs": -23000000, "other_income_expense_net": 10000000, "income_before_income_taxes": 1939000000, "income_tax_benefit_expense_net": -16000000, "net_income": 1923000000, "net_income_attributable_to_noncontrolling_interests": 3000000, "net_income_attributable_to_carnival_corporation_ltd": 1920000000, "basic_eps": 1.41, "diluted_eps": 1.4, "net_income_for_diluted_eps": 1920000000, "weighted_average_basic_shares": 1363000000, "diluted_shares": 1368000000 }, "balance_sheet": { "cash_and_cash_equivalents": 1220000000, "total_current_assets": 3421000000, "property_and_equipment_net": 43397000000, "total_assets": 50971000000, "current_portion_of_long_term_debt": 2036000000, "customer_deposits_current": 7129000000, "total_current_liabilities": 12475000000, "long_term_debt": 21876000000, "total_debt": 23912000000, "shareholders_equity_attributable_to_carnival_corporation_ltd": 14188000000, "noncontrolling_interests": 19000000, "total_shareholders_equity": 14207000000 }, "cash_flow": { "operating_cash_flow": 1410000000, "purchases_of_property_and_equipment": -698000000, "dividends_paid": -204000000, "free_cash_flow": 712000000 }, "shareholder_returns": { "cash_dividends_declared": -204000000, "share_repurchases_recorded_in_equity": -549000000, "cash_dividends_declared_per_share": 0.15 } }, { "fiscal_year": 2025, "fiscal_quarter": 3, "label": "Q3 FY2025", "period_start": "2025-06-01", "period_end": "2025-08-31", "period_type": "three months", "source_accession": "0000815097-26-000107", "cash_flow_source_accession": "0000815097-26-000104", "income_statement": { "passenger_ticket_revenue": 5430000000, "onboard_and_other_revenue": 2723000000, "total_revenues": 8153000000, "fuel_expense": 451000000, "total_cruise_and_tour_operating_expenses": 4385000000, "selling_and_administrative_expense": 779000000, "depreciation_and_amortization_expense": 717000000, "operating_income": 2271000000, "interest_income": 15000000, "interest_expense_net_of_capitalized_interest": -317000000, "debt_extinguishment_and_modification_costs": -111000000, "other_income_expense_net": 0, "income_before_income_taxes": 1860000000, "income_tax_benefit_expense_net": -6000000, "net_income": 1854000000, "net_income_attributable_to_noncontrolling_interests": 2000000, "net_income_attributable_to_carnival_corporation_ltd": 1852000000, "basic_eps": 1.41, "diluted_eps": 1.33, "net_income_for_diluted_eps": 1870000000, "weighted_average_basic_shares": 1313000000, "diluted_shares": 1402000000 }, "cash_flow": { "operating_cash_flow": 1383000000, "purchases_of_property_and_equipment": -648000000, "dividends_paid": 0, "free_cash_flow": 735000000 } } ], "year_to_date": { "label": "Nine months FY2026", "period_start": "2025-12-01", "period_end": "2026-08-31", "period_type": "nine months", "source_accession": "0000815097-26-000107", "income_statement": { "passenger_ticket_revenue": 13825000000, "onboard_and_other_revenue": 7438000000, "total_revenues": 21263000000, "fuel_expense": 1607000000, "total_cruise_and_tour_operating_expenses": 12792000000, "selling_and_administrative_expense": 2621000000, "depreciation_and_amortization_expense": 2172000000, "operating_income": 3678000000, "interest_income": 41000000, "interest_expense_net_of_capitalized_interest": -862000000, "debt_extinguishment_and_modification_costs": -23000000, "other_income_expense_net": -60000000, "income_before_income_taxes": 2774000000, "income_tax_benefit_expense_net": -50000000, "net_income": 2725000000, "net_income_attributable_to_noncontrolling_interests": 9000000, "net_income_attributable_to_carnival_corporation_ltd": 2715000000, "basic_eps": 1.97, "diluted_eps": 1.96, "net_income_for_diluted_eps": 2716000000, "weighted_average_basic_shares": 1375000000, "diluted_shares": 1382000000 }, "cash_flow": { "operating_cash_flow": 5303000000, "purchases_of_property_and_equipment": -2139000000, "proceeds_from_sales_of_ships_and_other_property_and_equipment": 3000000, "net_cash_used_in_investing_activities": -2183000000, "repayments_of_long_term_debt": -2186000000, "proceeds_from_issuance_of_long_term_debt": 0, "dividends_paid": -618000000, "share_repurchases": -929000000, "net_cash_used_in_financing_activities": -3832000000, "free_cash_flow": 3164000000 }, "shareholder_returns": { "cash_dividends_declared": -618000000, "share_repurchases_recorded_in_equity": -939000000, "cash_dividends_declared_per_share": 0.45 }, "prior_year_comparative": { "label": "Nine months FY2025", "period_start": "2024-12-01", "period_end": "2025-08-31", "period_type": "nine months", "source_accession": "0000815097-26-000107", "income_statement": { "passenger_ticket_revenue": 13366000000, "onboard_and_other_revenue": 6925000000, "total_revenues": 20292000000, "fuel_expense": 1384000000, "total_cruise_and_tour_operating_expenses": 12037000000, "selling_and_administrative_expense": 2442000000, "depreciation_and_amortization_expense": 2064000000, "operating_income": 3748000000, "interest_income": 34000000, "interest_expense_net_of_capitalized_interest": -1034000000, "debt_extinguishment_and_modification_costs": -366000000, "other_income_expense_net": -4000000, "income_before_income_taxes": 2377000000, "income_tax_benefit_expense_net": -30000000, "net_income": 2348000000, "net_income_attributable_to_noncontrolling_interests": 10000000, "net_income_attributable_to_carnival_corporation_ltd": 2338000000, "basic_eps": 1.78, "diluted_eps": 1.71, "net_income_for_diluted_eps": 2391000000, "weighted_average_basic_shares": 1311000000, "diluted_shares": 1401000000 }, "cash_flow": { "operating_cash_flow": 4700000000, "purchases_of_property_and_equipment": -2105000000, "proceeds_from_sales_of_ships_and_other_property_and_equipment": 312000000, "net_cash_used_in_investing_activities": -1815000000, "repayments_of_long_term_debt": -10676000000, "proceeds_from_issuance_of_long_term_debt": 8618000000, "dividends_paid": 0, "share_repurchases": 0, "net_cash_used_in_financing_activities": -2355000000, "free_cash_flow": 2595000000 } } }, "trailing_twelve_months": { "label": "Twelve months ended August 31, 2026", "period_start": "2025-09-01", "period_end": "2026-08-31", "period_type": "trailing twelve months", "derived": true, "derivation": "FY2025 (year ended November 30, 2025) plus the nine months ended August 31, 2026, less the nine months ended August 31, 2025.", "source_accession": "0000815097-26-000007; 0000815097-26-000107", "income_statement": { "passenger_ticket_revenue": 17878000000, "onboard_and_other_revenue": 9715000000, "total_revenues": 27593000000, "fuel_expense": 2031000000, "total_cruise_and_tour_operating_expenses": 16702000000, "selling_and_administrative_expense": 3581000000, "depreciation_and_amortization_expense": 2898000000, "operating_income": 4413000000, "interest_expense_net_of_capitalized_interest": -1177000000, "income_before_income_taxes": 3169000000, "net_income": 3137000000 }, "cash_flow": { "operating_cash_flow": 6821000000, "purchases_of_property_and_equipment": -3645000000, "free_cash_flow": 3176000000 } }, "notes": [ "Periods: the FY2025 Form 10-K (accession 0000815097-26-000007) supplies fiscal years 2025, 2024 and 2023 (income statement and cash flow), and balance sheets at November 30, 2025 and 2024. The Q3 FY2026 Form 10-Q (accession 0000815097-26-000107) supplies the three months ended August 31, 2026 and 2025, the nine months ended on those dates, and the balance sheet at August 31, 2026. Carnival's fiscal year ends November 30, so the third quarter runs June 1 to August 31.", "Corporate structure: the FY2025 10-K was the joint annual report of Carnival Corporation & plc, a dual listed company. In May 2026 Carnival completed the unification of that structure into a single company, Carnival Corporation Ltd., listed only on the New York Stock Exchange; Carnival plc shareholders received Carnival Corporation Ltd. shares one-for-one, and the company moved its incorporation from Panama to Bermuda. The 10-Q states there were no material changes to the business, strategy, underlying assets or operations as a result.", "Noncontrolling interests: beginning with the 10-Q, Carnival presents amounts attributable to noncontrolling interests separately (mainly the subsidiaries operating Isla Tropicale and Amber Cove) and reclassified 2025 comparatives to match. The 10-K did not present them separately because they were immaterial. So net_income in the annual periods is the 10-K's net income, while the 10-Q periods also carry net income attributable to noncontrolling interests and to Carnival Corporation Ltd. Before the 10-Q's reclassification, Carnival deducted the noncontrolling interests' share within 'Other income (expense), net', so the FY2025, FY2024 and FY2023 net_income and other_income_expense_net taken from the 10-K are stated after that share and correspond to the 10-Q's 'Net Income attributable to Carnival Corporation Ltd.', not to its total Net Income. For example, for the nine months ended August 31, 2025 the Q3 FY2025 earnings release (accession 0000815097-25-000082) printed other income (expense), net of $(14) million, income before income taxes of $2,368 million and net income of $2,338 million; the 10-Q (accession 0000815097-26-000107) re-presents these as $(4) million, $2,377 million, total net income of $2,348 million and net income attributable to Carnival Corporation Ltd. of $2,338 million. At November 30, 2025, the 10-Q re-presents the 10-K's total shareholders' equity of $12,284 million as $12,270 million attributable to Carnival plus $14 million of noncontrolling interests (additional paid-in capital $17,253 million against $17,267 million in the 10-K). The total is unchanged, and the FY2025 balance sheet here follows the 10-K.", "Diluted earnings per share uses its own numerator (net_income_for_diluted_eps), which adds back interest expense on dilutive convertible notes: $71 million in FY2025, $94 million in FY2024, $18 million in Q3 FY2025 and $53 million in the first nine months of FY2025. In FY2023 the company had a net loss and the convertible notes were antidilutive, so basic and diluted loss per share were both $(0.06).", "Total debt is the debt note's 'Total Debt, net of unamortized debt issuance costs and discounts', which equals the current portion plus long-term debt on the balance sheet: $23,912 million at August 31, 2026, $26,640 million at November 30, 2025 and $27,475 million at November 30, 2024. Before unamortized issuance costs and discounts, principal was $24,559 million, $27,383 million and $28,213 million respectively.", "Three-month cash flow: the 10-Q prints its cash flow statement for the nine months only. Operating cash flow, capital expenditures and dividends paid for the quarters ended August 31, 2026 and 2025 come from the Q3 FY2026 earnings release furnished on Form 8-K (accession 0000815097-26-000104), and each quarter records that accession as cash_flow_source_accession. The release prints capital expenditures and dividends paid as positive amounts; they are stored here as outflows to match the cash flow statement. The quarterly operating cash flow agrees with the nine-month figure less the six-month figure in the Q2 FY2026 earnings release (accession 0000815097-26-000086): $5,303 million less $3,893 million is $1,410 million, and $4,700 million less $3,317 million is $1,383 million.", "Free cash flow is not a figure the filings print. It is computed here as net cash provided by operating activities less purchases of property and equipment, in every period.", "The trailing twelve months ended August 31, 2026 is derived: FY2025 plus the nine months ended August 31, 2026, less the nine months ended August 31, 2025. Its net income of $3,137 million is on the attributable-to-Carnival basis: $2,760 million for FY2025 plus $2,715 million less $2,338 million of net income attributable to Carnival Corporation Ltd. for the two nine-month periods; on total net income the nine-month difference ($2,725 million less $2,348 million) is the same $377 million. Its income before income taxes combines the 10-K's former presentation for FY2025 with the 10-Q's reclassified presentation for the nine-month periods; the difference is the noncontrolling interests' share, which the former presentation deducted within other income (expense), net, and which the filings do not print for the full year; for the nine months ended August 31, 2025 the 10-Q prints that share as $10 million, and pre-tax income differs by $9 million after rounding ($2,368 million in the Q3 FY2025 earnings release against $2,377 million in the 10-Q). Per-share amounts are not derived for it, since earnings per share does not add across periods.", "Shareholder returns: in fiscal 2026 Carnival paid cash dividends of $0.15 per share in the third quarter ($204 million) and $0.45 per share over the first nine months ($618 million), per the 10-Q's statements of shareholders' equity. That statement records share repurchases of $549 million in the quarter and $939 million over nine months; the cash flow statement shows $929 million paid for share repurchases over the nine months. The nine months ended August 31, 2025 show no dividends paid and no share repurchases.", "Depreciation: in December 2025 Carnival extended its ships' depreciable lives to 35 years and revised their residual values, applied prospectively from December 1, 2025. The 10-Q states the revision did not have a material impact on its financial statements.", "Customer deposits on the balance sheet are the current portion only. Including the long-term portion, the 10-Q reports total customer deposits of $7.6 billion at August 31, 2026 and $7.2 billion at November 30, 2025.", "The November 30, 2025 balance sheet column printed in the 10-Q matches the 10-K's for every figure carried here (cash, current assets, property and equipment, total assets, debt, customer deposits, current liabilities and total equity)." ], "uncertainties": [ "The quarterly operating cash flow, capital expenditures, dividends paid and free cash flow for Q3 FY2026 and Q3 FY2025 come from the earnings release, not the 10-Q, which prints cash flow for the nine months only. Other three-month cash flow lines (investing and financing totals, debt repayments) are not available from these filings and are left out.", "No balance sheet is shown for August 31, 2025, and none for November 30, 2023, because neither filing prints one.", "The difference between share repurchases recorded in equity ($939 million) and cash paid for repurchases ($929 million) over the nine months ended August 31, 2026 is not explained in the statements; it may reflect repurchases not yet settled at period end." ], "headline": { "period": "Q3 FY2026", "period_end_words": "August 31, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 8435000000, "text": "$8.44 billion", "exact": "$8,435,000,000", "compact": "$8.44B", "abs": "$8.44 billion", "prior_value": 8153000000, "prior": "$8.15 billion", "priorabs": "$8.15 billion", "yoy": "up 3.5%", "source": { "array": "quarterly", "field": "income_statement.total_revenues", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-08-31", "period_start": "2026-06-01", "span_days": 91, "source_accession": "0000815097-26-000107", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-08-31", "prior_period_start": "2025-06-01", "prior_span_days": 91, "prior_source_accession": "0000815097-26-000107", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 1920000000, "text": "$1.92 billion", "exact": "$1,920,000,000", "compact": "$1.92B", "abs": "$1.92 billion", "prior_value": 1852000000, "prior": "$1.85 billion", "priorabs": "$1.85 billion", "yoy": "up 3.7%", "source": { "array": "quarterly", "field": "income_statement.net_income_attributable_to_carnival_corporation_ltd", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-08-31", "period_start": "2026-06-01", "span_days": 91, "source_accession": "0000815097-26-000107", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-08-31", "prior_period_start": "2025-06-01", "prior_span_days": 91, "prior_source_accession": "0000815097-26-000107", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 1.4, "text": "$1.40", "exact": "$1.40", "compact": "$1.40", "abs": "$1.40", "prior_value": 1.33, "prior": "$1.33", "priorabs": "$1.33", "yoy": "up 5.3%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-08-31", "period_start": "2026-06-01", "span_days": 91, "source_accession": "0000815097-26-000107", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-08-31", "prior_period_start": "2025-06-01", "prior_span_days": 91, "prior_source_accession": "0000815097-26-000107", "gap_days": 365 } }, { "label": "Operating income", "format": "usd", "value": 2220000000, "text": "$2.22 billion", "exact": "$2,220,000,000", "compact": "$2.22B", "abs": "$2.22 billion", "prior_value": 2271000000, "prior": "$2.27 billion", "priorabs": "$2.27 billion", "yoy": "down 2.2%", "source": { "array": "quarterly", "field": "income_statement.operating_income", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-08-31", "period_start": "2026-06-01", "span_days": 91, "source_accession": "0000815097-26-000107", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-08-31", "prior_period_start": "2025-06-01", "prior_span_days": 91, "prior_source_accession": "0000815097-26-000107", "gap_days": 365 } }, { "label": "Fuel expense", "format": "usd", "value": 615000000, "text": "$615 million", "exact": "$615,000,000", "compact": "$615.00M", "abs": "$615 million", "prior_value": 451000000, "prior": "$451 million", "priorabs": "$451 million", "yoy": "up 36.4%", "source": { "array": "quarterly", "field": "income_statement.fuel_expense", "index": 0, "period_label": "Q3 FY2026", "period_end": "2026-08-31", "period_start": "2026-06-01", "span_days": 91, "source_accession": "0000815097-26-000107", "prior_index": 1, "prior_period_label": "Q3 FY2025", "prior_period_end": "2025-08-31", "prior_period_start": "2025-06-01", "prior_span_days": 91, "prior_source_accession": "0000815097-26-000107", "gap_days": 365 } } ], "summary": "Carnival Corporation Ltd. reported revenue of $8.44 billion for Q3 FY2026, the quarter ended August 31, 2026, up 3.5% from a year earlier, and net income attributable to Carnival of $1.92 billion, up 3.7%, or $1.40 per diluted share against $1.33. Operating income was $2.22 billion, down 2.2%, as fuel expense rose to $615 million from $451 million on higher fuel prices. Net income still grew because interest expense fell on lower debt and debt extinguishment costs were much smaller than a year earlier.", "qa": [ { "q": "How much revenue did Carnival make in Q3 FY2026?", "a": "Carnival Corporation Ltd. reported total revenues of $8.44 billion for Q3 FY2026, the three months ended August 31, 2026. That is up 3.5% from $8.15 billion in the same quarter a year earlier." }, { "q": "What were Carnival's net income and earnings per share in Q3 FY2026?", "a": "Carnival Corporation Ltd. reported net income attributable to Carnival of $1.92 billion for Q3 FY2026, against $1.85 billion a year earlier. Diluted earnings per share were $1.40, compared with $1.33." }, { "q": "Why did Carnival's operating income fall in Q3 FY2026?", "a": "Carnival's operating income was $2.22 billion in Q3 FY2026, down 2.2% from $2.27 billion a year earlier, even though revenue grew. Fuel expense rose to $615 million from $451 million as fuel prices climbed, the largest of the cost increases, and selling, administrative and depreciation costs also rose." }, { "q": "Why did Carnival's net income rise when operating income fell?", "a": "Carnival's net income attributable to Carnival rose to $1.92 billion in Q3 FY2026 while operating income slipped to $2.22 billion, because interest expense fell on lower debt and debt extinguishment costs were much smaller than in the same quarter a year earlier." } ] }, "company_details": { "Name": "Carnival Corp Ltd.", "Ticker": "CCL", "CIK": "0000815097", "Exchange": "NYSE", "State": "Florida", "Incorporation": "Bermuda", "SIC": "4400", "Office": "Energy & Transportation", "Industry": "Water Transportation" }, "next_filing": { "predicted_date": "2027-01-26", "predicted_type": "10-K" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-08-31", "form": "10-Q", "accession": "0000815097-26-000107", "fiscal_year_end": "1130", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-11-30", "filed": "2026-01-27", "accession": "0000815097-26-000007", "url": "https://www.sec.gov/Archives/edgar/data/815097/000081509726000007/ccl-20251130.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q3", "tag": "FY26Q3", "period_end": "2026-08-31", "filed": "2026-09-29", "accession": "0000815097-26-000107", "url": "https://www.sec.gov/Archives/edgar/data/815097/000081509726000107/ccl-20260831.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. This block mirrors the paths of the figures: figure_sources.annual[0].income_statement.net_income is the source of annual[0].income_statement.net_income. Each entry reads '#', and the link is documents[] + '#': it opens the filing at the line that prints that number. A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/815097/000081509726000007/ccl-20251130.htm", "d2": "https://www.sec.gov/Archives/edgar/data/815097/000081509726000107/ccl-20260831.htm" }, "annual": [ { "period_end": "2025-11-30", "income_statement": { "passenger_ticket_revenue": "d1#f-75", "onboard_and_other_revenue": "d1#f-78", "total_revenues": "d1#f-81", "fuel_expense": "d1#f-93", "total_cruise_and_tour_operating_expenses": "d1#f-102", "selling_and_administrative_expense": "d1#f-105", "depreciation_and_amortization_expense": "d1#f-108", "operating_income": "d1#f-111", "interest_income": "d1#f-114", "interest_expense_net_of_capitalized_interest": "d1#f-117", "debt_extinguishment_and_modification_costs": "d1#f-120", "other_income_expense_net": 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"total_cruise_and_tour_operating_expenses": "d2#f-68", "selling_and_administrative_expense": "d2#f-72", "depreciation_and_amortization_expense": "d2#f-76", "operating_income": "d2#f-80", "interest_income": "d2#f-84", "interest_expense_net_of_capitalized_interest": "d2#f-88", "debt_extinguishment_and_modification_costs": "d2#f-92", "income_before_income_taxes": "d2#f-100", "income_tax_benefit_expense_net": "d2#f-104", "net_income": "d2#f-108", "net_income_attributable_to_noncontrolling_interests": "d2#f-112", "net_income_attributable_to_carnival_corporation_ltd": "d2#f-116", "basic_eps": "d2#f-120", "diluted_eps": "d2#f-124", "net_income_for_diluted_eps": "d2#f-902", "weighted_average_basic_shares": "d2#f-906", "diluted_shares": "d2#f-918" }, "cash_flow": { "purchases_of_property_and_equipment": "d2#f-756" } } ] } }