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Carnival Q4 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
Sep 1 – Nov 30, 2025
Reported
Jan 27, 2026 10-K accession 0000815097-26-000007

Revenue$6.33B +7% year over year
Gross profit$1.69B 27% margin
Operating profit$0.74B 12% margin
Net profit$0.42B 7% margin
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The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Nov 30, 2025).
ItemValueShare of revenueYear over year
Revenue 6.33 100% +7%
Cruise passenger ticket 4.05 64% +5%
Cruise onboard & other 2.28 36% +9%
Cost of revenue−4.6473%
Gross profit1.6927% margin−9pp
SG&A−0.9615%+0pp
Operating profit0.7412% margin+2pp
Interest & other costs−0.31
Net profit0.42 7% margin+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

Filing on EDGAR More quarters of CCL

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