Carnival Corporation (CCL) is trading up at $26.46 (+1.89%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.
One firm's current price target on Carnival Corporation: $36 — 36% above the current $26.5. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Nov 2016 | FY2017Nov 2017 | FY2018Nov 2018 | FY2019Nov 2019 | FY2020Nov 2020 | FY2021Nov 2021 | FY2022Nov 2022 | FY2023Nov 2023 | FY2024Nov 2024 | FY2025Nov 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $16.4B | $17.5B | $18.9B | $20.8B | $5.59B | $1.91B | $12.2B | $21.6B | $25.0B | $26.6B |
| Growth (year over year) | +4.3% | +6.8% | +7.8% | +10.3% | −73.1% | −65.9% | +537.7% | +77.5% | +15.9% | +6.4% |
| Gross profit | $7.01B | $7.01B | $7.79B | $7.92B | — | −$2.75B | $411.0M | $7.28B | $9.38B | — |
| Gross margin | 42.7% | 40.0% | 41.3% | 38.0% | — | −144.0% | 3.4% | 33.7% | 37.5% | — |
| Operating income | $3.07B | $2.81B | $3.33B | $3.28B | −$8.87B | −$7.09B | −$4.38B | $1.96B | $3.57B | $4.48B |
| Operating margin | 18.7% | 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 margin | 17.0% | 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 |
| Balance sheet | ||||||||||
| Cash and equivalents | $603.0M | $395.0M | $982.0M | $518.0M | $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 |
| Total liabilities | $16.3B | $16.6B | $18.0B | $19.7B | $33.0B | $41.2B | $44.6B | $42.2B | $39.8B | $39.4B |
| 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 |
| Cash flow | ||||||||||
| Operating cash flow | $5.13B | $5.32B | $5.55B | $5.47B | −$6.30B | −$4.11B | −$1.67B | $4.28B | $5.92B | $6.22B |
| Capital expenditure | $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 | $997.0M | $1.30B | $2.61B |
| Dividends paid | $977.0M | $1.09B | $1.35B | $1.39B | $689.0M | $0 | $0 | — | — | — |
| Share buybacks | $2.34B | $552.0M | $1.47B | $603.0M | $12.0M | $0 | $0 | — | — | — |
| Q4 FY24†Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25†Nov 2025 | Q1 FY26Feb 2026 | Q2 FY26May 2026 | Q3 FY26Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $5.94B | $5.81B | $6.33B | $8.15B | $6.33B | $6.17B | $6.66B | $8.44B |
| Growth (year over year) | +10.0% | +7.5% | +9.5% | +3.3% | +6.6% | +6.1% | +5.3% | +3.5% |
| Gross profit | $2.11B | $2.04B | $2.44B | $3.77B | — | — | — | — |
| Gross margin | 35.5% | 35.2% | 38.6% | 46.2% | — | — | — | — |
| Operating income | $560.0M | $543.0M | $934.0M | $2.27B | $735.0M | $607.0M | $851.0M | $2.22B |
| Operating margin | 9.4% | 9.3% | 14.8% | 27.9% | 11.6% | 9.8% | 12.8% | 26.3% |
| Net income | $303.0M | −$78.0M | $565.0M | $1.85B | $421.0M | $258.0M | $537.0M | $1.92B |
| Net margin | 5.1% | −1.3% | 8.9% | 22.7% | 6.6% | 4.2% | 8.1% | 22.8% |
| EPS (diluted) | $0.28 | −$0.06 | $0.42 | $1.33 | $0.33 | $0.19 | $0.39 | $1.40 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.21B | $833.0M | $2.15B | $1.76B | $1.93B | $1.42B | $2.24B | $1.22B |
| Total assets | $49.1B | $48.5B | $51.2B | $50.8B | $51.7B | $51.6B | $52.2B | $51.0B |
| Total liabilities | $39.8B | $39.4B | $41.2B | $38.9B | $39.4B | $38.5B | $39.2B | $36.8B |
| Long-term debt | $25.9B | $25.5B | $25.9B | $25.1B | $24.0B | $23.8B | $23.4B | $21.9B |
| Shareholders' equity | $9.25B | $9.18B | $10.0B | $11.9B | $12.3B | $13.0B | $13.0B | $14.2B |
| Cash flow | ||||||||
| Operating cash flow | $911.0M | $925.0M | $2.39B | $1.38B | $1.52B | $1.26B | $2.63B | $1.41B |
| Capital expenditure | $592.0M | $607.0M | $851.0M | $647.0M | $1.51B | $566.0M | $875.0M | $698.0M |
| Free cash flow | $319.0M | $318.0M | $1.54B | $736.0M | $12.0M | $697.0M | $1.75B | $712.0M |
| Dividends paid | — | $0 | $0 | $0 | — | $208.0M | $206.0M | $204.0M |
| Share buybacks | — | — | — | $0 | — | — | — | $548.0M |
From Carnival Corporation's 10-K and 10-Q filings with the SEC; its fiscal year ends in November. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Carnival Corporation Ltd. is a Bermuda-domiciled American cruise line operator that owns more than 90 vessels across eight brands. Carnival is listed on the New York Stock Exchange, and is a component of the S&P 500 index. From 2003 to May 7, 2026, Carnival was a dual-listed company, consisting of U.S.-based and British corporations collectively known as Carnival Corporation & plc.
Source: Wikipedia — Carnival Corporation
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