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Carnival Corporation $CCL

Consumer Discretionary · Hotels, Resorts & Cruise Lines · NYSE/NASDAQ

S&P 500 Russell 1000 Florida

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$27.06

+0.61 (+2.31%)

As of Oct 20, 2026, 7:02 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 15, 2026, the first target we tracked for CCL.

Key facts

52-week range (closes): $21.79 – $33.99 Lowest close Sep 24, 2026, highest Feb 6, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: November Fiscal 2025 ended Nov 30, 2025, from SEC filings
In the S&P 500 since: Dec 22, 1998 · All S&P 500 changes
Analyst coverage: 1 open price target from 1 firm: Wells Fargo Approved targets tracked here; see the analyst section below

Carnival Corporation (CCL) is trading up at $27.06 (+2.31%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.

Analyst price targets on CCL

One firm's current price target on Carnival Corporation: $36 — 33% above the current $27.1. Each is tracked to its date and scored the same way a member's call is.

Wells Fargo $22.1 → $36 by Sep 2027 Overweight Sep 15, 2026 via Yahoo Finance · Wells Fargo's track record

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.

Carnival Corporation revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

Carnival Corporation annual financial statements
	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	—	—	—

RevenueNet incomeNet margin (right axis, %)

Carnival Corporation quarterly financial statements
	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 vs the Consumer Discretionary sector and the S&P 500

Carnival Corporation's latest reported figures next to the median of the other 46 S&P 500 Consumer Discretionary companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Carnival Corporation compared with the median Consumer Discretionary company and the median S&P 500 company
Measure	Carnival Corporation	Consumer Discretionary (46 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+6.4%	+4.9%	+7.0%
Net margin, latest fiscal year	10.4%	9.7%	13.0%
Share price change, 1 year	−6.2%	−8.0%	+7.5%

Carnival Corporation: fiscal year ended November 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Carnival Corporation included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 46/496, net margin 46/496, 1-year price change 46/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.

About Carnival Corporation

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