Carnival Q1 FY25: where the revenue came from and where it went
The whole income statement of Carnival for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Dec 1, 2024 – Feb 28, 2025
- Reported
- Mar 25, 2025
Revenue$5.81B
+7% year over year
Gross profit$2.04B
35% margin
Operating profit$0.54B
9% margin
Net profit−$0.08B
−1% margin
The numbers
| 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 |
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