Superworth

Carnival profit margin CCL

Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.

Net margin, 12 months
11.4%
Operating margin, 12 months
16.0%
Net margin on a year earlier
+1.3 pts
Peer median
13.4%

Over the twelve months to Aug 31, 2026, Carnival kept 11.4% of its revenue as net profit, with an operating margin of 16.0%.

The median for 10 travel stocks of a similar size is 13.4%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY202510.4%16.8%n/a
FY20247.7%14.3%n/a
FY2023−0.3%9.1%n/a
FY2022−50.1%−36.0%n/a
FY2021n/an/an/a
FY2020n/an/an/a
FY201914.4%15.7%n/a
FY201816.7%17.6%n/a
FY201714.9%16.0%40.0%
FY201617.0%18.7%42.7%
FY201511.2%16.4%39.9%
FY20147.7%11.2%34.4%
FY20137.0%8.7%31.3%
FY20128.4%10.7%32.9%
FY201112.1%14.3%34.8%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q3 FY2611.4%+1.3 pts16.0%
Q2 FY2611.2%+1.5 pts16.3%
Q1 FY2611.5%+3.4 pts16.9%
Q4 FY2510.4%+2.7 pts16.8%
Q3 FY2510.1%+3.7 pts16.4%
Q2 FY259.7%+5.9 pts16.2%
Q1 FY258.1%+6.3 pts15.1%
Q4 FY247.7%+8.0 pts14.3%
Q3 FY246.4%+14.5 pts13.9%
Q2 FY243.9%+23.7 pts12.1%
Q1 FY241.8%+34.5 pts10.7%
Q4 FY23−0.3%+49.7 pts9.1%

Against its peers

Companies in Travel Services nearest Carnival's size, closest first, today.

CompanyProfit margin
CCLCarnival11.4%
EXPEExpedia13.0%
ROLRollins13.6%
RCLRoyal Caribbean Cruises23.5%
ABNBAirbnb20.4%
BKNGBooking25.5%
KEXKirby10.2%
NCLHNorwegian Cruise Line7.5%
MATXMatson13.4%
GATXGatxn/m
FTDRFrontdoor12.8%
Peer median13.4%

Where Carnival ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Carnival

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.