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Consumer Discretionary
Carnival
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Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
›
Q3 FY26
Jun 1 – Aug 31, 2026
reported Sep 29, 2026
Revenue $8.4B
+3% year over year
Gross profit $3.1B
36% margin
Operating profit $2.2B
26% margin
Net profit $1.9B
23% margin
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The numbers behind the diagram
All figures in billions of U.S. dollars, for Q3 FY26 (period ends Aug 31, 2026).
Item Value Share of revenue Year over year
Revenue
8.4
100%
+3%
Cost of revenue −5.4 64%
Gross profit 3.1 36% margin −10pp
SG&A −0.8 10% +0pp
Operating profit 2.2 26% margin −2pp
Interest & other costs −0.3
Net profit 1.9
23% margin +0pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q2 FY26 (period ends May 31, 2026).
Item Value Share of revenue Year over year
Revenue
6.7
100%
+5%
Cruise passenger ticket
4.3
64%
+4%
Cruise onboard & other
2.4
36%
+7%
Cost of revenue −4.9 74%
Gross profit 1.7 26% margin −13pp
SG&A −0.9 13% +0pp
Operating profit 0.9 13% margin −2pp
Interest & other costs −0.3
Net profit 0.5
8% margin −1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q1 FY26 (period ends Feb 28, 2026).
Item Value Share of revenue Year over year
Revenue
6.17
100%
+6%
Cruise passenger ticket
4.02
65%
+5%
Cruise onboard & other
2.14
35%
+8%
Cost of revenue −4.63 75%
Gross profit 1.53 25% margin −10pp
SG&A −0.92 15% +0pp
Operating profit 0.61 10% margin
Interest & other costs −0.35
Net profit 0.26
4% margin +6pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q4 FY25 (period ends Nov 30, 2025).
Item Value Share of revenue Year over year
Revenue
6.33
100%
+7%
Cruise passenger ticket
4.05
64%
+5%
Cruise onboard & other
2.28
36%
+9%
Cost of revenue −4.64 73%
Gross profit 1.69 27% margin −9pp
SG&A −0.96 15% +0pp
Operating profit 0.74 12% margin +2pp
Interest & other costs −0.31
Net profit 0.42
7% margin +2pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q3 FY25 (period ends Aug 31, 2025).
Item Value Share of revenue Year over year
Revenue
8.2
100%
+3%
Cruise passenger ticket
5.4
67%
+4%
Cruise onboard & other
2.7
33%
+2%
Cost of revenue −4.4 54%
Gross profit 3.8 46% margin +1pp
SG&A −0.8 9% +0pp
Other −0.7 9% +0pp
Operating profit 2.3 28% margin +0pp
Interest & other costs −0.4
Net profit 1.9
23% margin +1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q2 FY25 (period ends May 31, 2025).
Item Value Share of revenue Year over year
Revenue
6.3
100%
+9%
Cruise passenger ticket
4.1
65%
+9%
Cruise onboard & other
2.2
35%
+10%
Cost of revenue −3.9 61%
Gross profit 2.4 39% margin +4pp
SG&A −0.8 13% −1pp
Other −0.7 11% +0pp
Operating profit 0.9 15% margin +5pp
Interest & other costs −0.4
Net profit 0.6
9% margin +7pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q1 FY25 (period ends Feb 28, 2025).
Item Value Share of revenue Year over year
Revenue
5.81
100%
+7%
Cruise passenger ticket
3.83
66%
+6%
Cruise onboard & other
1.98
34%
+11%
Cost of revenue −3.77 65%
Gross profit 2.04 35% margin +4pp
SG&A −0.85 15% +0pp
Other −0.65 11% +0pp
Operating profit 0.54 9% margin +4pp
Interest & other costs −0.62
Net profit −0.08
−1% margin +3pp
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
Quarter
Period
Reported
Revenue
Year over year
Operating margin
Net profit
Net margin
Q3 FY26
Jun 1 – Aug 31, 2026
Sep 29, 2026
$8.44B
+3%
26%
$1.92B
23%
Q2 FY26
Mar 1 – May 31, 2026
Jun 26, 2026
$6.66B
+5%
13%
$0.54B
8%
Q1 FY26
Dec 1, 2025 – Feb 28, 2026
Mar 27, 2026
$6.17B
+6%
10%
$0.26B
4%
Q4 FY25
Sep 1 – Nov 30, 2025
Jan 27, 2026
$6.33B
+7%
12%
$0.42B
7%
Q3 FY25
Jun 1 – Aug 31, 2025
Sep 29, 2025
$8.15B
+3%
28%
$1.85B
23%
Q2 FY25
Mar 1 – May 31, 2025
Jun 26, 2025
$6.33B
+9%
15%
$0.57B
9%
Q1 FY25
Dec 1, 2024 – Feb 28, 2025
Mar 25, 2025
$5.81B
+7%
9%
−$0.08B
−1%
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