Carnival Q3 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
- Jun 1 – Aug 31, 2025
- Reported
- Sep 29, 2025
Revenue$8.2B
+3% year over year
Gross profit$3.8B
46% margin
Operating profit$2.3B
28% margin
Net profit$1.9B
23% margin
The numbers
| 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 |
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