Carnival Corp. Ltd. income statement & cash flow
In the fiscal year ended Nov 30, 2025, Carnival Corp. Ltd. reported net income of $2.76B on revenue of $26.62B. Operating cash flow was $6.22B and capital expenditures were $3.61B, leaving $2.61B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Nov 2016 | Nov 2017 | Nov 2018 | Nov 2019 | Nov 2020 | Nov 2021 | Nov 2022 | Nov 2023 | Nov 2024 | Nov 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.39B | $17.51B | $18.88B | $20.82B | $5.59B | $1.91B | $12.17B | $21.59B | $25.02B | $26.62B |
| Operating income | $3.07B | $2.81B | $3.33B | $3.28B | −$8.87B | −$7.09B | −$4.38B | $1.96B | $3.57B | $4.48B |
| Net income | $2.78B | $2.61B | $3.15B | $2.99B | −$10.24B | −$9.50B | −$6.09B | −$74.00M | $1.92B | $2.76B |
| Diluted EPS | $3.72 | $3.59 | $4.44 | $4.32 | −$13.20 | −$8.46 | −$5.16 | −$0.06 | $1.44 | $2.02 |
| Operating cash flow | $5.13B | $5.32B | $5.55B | $5.47B | −$6.30B | −$4.11B | −$1.67B | $4.28B | $5.92B | $6.22B |
| Capital expenditures | $3.06B | $2.94B | $3.75B | $5.43B | $3.62B | $3.61B | $4.94B | $3.28B | $4.63B | $3.61B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Nov 2025 | — | 16.8% | 10.4% |
| Nov 2024 | — | 14.3% | 7.7% |
| Nov 2023 | — | 9.1% | -0.3% |
| Nov 2022 | — | -36.0% | -50.1% |
| Nov 2021 | — | -371.5% | -498.0% |
Source: SEC EDGAR XBRL company facts for CIK 815097 (raw data). Most recent filing in this dataset: 10-Q filed Sep 29, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.