Carnival (CCL) Stock Price

Carnival Price

NYSE·CLOSED
27.73USD-0.53 (-1.91 %)
Market closed

Over the last 19 years Carnival grew revenue by 4.4% annually, reaching 26.62 B USD. Earnings per share have declined at 1.8% per year over the last 19 years. For Carnival, the net margin of 10.4% is up versus -498.0% a few years ago. At today's price the dividend yield works out to roughly 1.80%. The consensus 12-month price target for Carnival is 38.76 USD, about 39.8% above where the stock trades today. Of 32 analysts, 25 rate the stock a buy — an overall Buy consensus. The stock trades about 16% above its 52-week low.

Carnival stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Carnival over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Carnival stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Carnival's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Carnival Stock Price History
DateCarnival Price
8/11/202627.73 USD
8/10/202628.26 USD
8/7/202628.99 USD
8/6/202628.79 USD
8/5/202629.71 USD
8/4/202629.84 USD
8/3/202628.74 USD
7/31/202627.81 USD
7/30/202627.77 USD
7/29/202627.77 USD
7/27/202626.91 USD
7/23/202625.27 USD
7/22/202626.10 USD
7/21/202626.16 USD
7/20/202626.04 USD
7/17/202626.41 USD
7/16/202626.86 USD
7/15/202626.59 USD
7/14/202626.50 USD
7/13/202627.03 USD
7/10/202626.83 USD
7/9/202626.72 USD
7/8/202625.98 USD
7/7/202626.68 USD
7/6/202627.59 USD
7/2/202627.91 USD
7/1/202628.52 USD
6/30/202628.57 USD
6/29/202629.22 USD
6/26/202629.07 USD
6/25/202628.46 USD
6/24/202628.91 USD
6/23/202628.72 USD
6/22/202630.64 USD
6/18/202630.99 USD
6/17/202630.92 USD
6/16/202630.55 USD
6/15/202630.28 USD
6/12/202628.88 USD
6/11/202626.48 USD
6/10/202626.48 USD
6/9/202627.73 USD
6/8/202627.01 USD
6/5/202627.60 USD
6/4/202627.40 USD
6/3/202627.73 USD
6/2/202627.55 USD
6/1/202627.25 USD
5/29/202628.05 USD
5/28/202628.20 USD
5/27/202627.76 USD
5/26/202626.72 USD
5/22/202626.03 USD
5/21/202625.40 USD
5/20/202625.08 USD
5/19/202623.89 USD
5/18/202624.91 USD
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5/13/202625.03 USD
5/12/202624.85 USD
5/11/202625.44 USD
5/8/202626.38 USD
5/7/202627.00 USD
5/6/202627.52 USD
5/5/202625.77 USD
5/4/202625.67 USD
5/1/202626.66 USD
4/30/202626.51 USD
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4/27/202626.77 USD
4/24/202627.17 USD
4/23/202626.65 USD
4/22/202626.94 USD
4/21/202627.36 USD
4/20/202629.01 USD
4/17/202629.22 USD
4/16/202627.31 USD
4/15/202628.82 USD
4/14/202628.69 USD
4/13/202627.75 USD
4/10/202627.98 USD
4/9/202627.85 USD
4/8/202628.03 USD
4/7/202625.20 USD
4/6/202625.97 USD
4/5/202625.97 USD
4/2/202625.64 USD
4/1/202625.64 USD
3/31/202626.58 USD
3/30/202625.88 USD
3/29/202623.96 USD
3/27/202624.19 USD
3/26/202624.19 USD
3/25/202625.28 USD
3/24/202625.73 USD
3/23/202625.47 USD
3/22/202625.45 USD
3/20/202624.12 USD
3/19/202624.12 USD
3/18/202624.94 USD
3/17/202624.16 USD
3/16/202625.09 USD
3/15/202624.72 USD
3/13/202623.99 USD
3/12/202623.99 USD
3/11/202623.92 USD
3/10/202625.97 USD
3/9/202626.21 USD
3/8/202626.39 USD
3/6/202625.75 USD
3/5/202627.16 USD
3/4/202628.01 USD
3/3/202628.53 USD
3/2/202629.14 USD
2/27/202631.55 USD
2/26/202632.70 USD
2/25/202631.70 USD
2/24/202631.61 USD
2/23/202630.44 USD
2/20/202631.96 USD
2/19/202631.58 USD
2/18/202632.54 USD
2/17/202632.67 USD
2/13/202631.77 USD
2/12/202632.60 USD
2/11/202633.16 USD
2/10/202633.35 USD
2/9/202632.87 USD
2/6/202633.84 USD
2/5/202631.18 USD
2/4/202632.10 USD
2/3/202631.95 USD
2/2/202632.46 USD
1/30/202630.01 USD
1/29/202631.08 USD
1/28/202628.79 USD
1/27/202628.71 USD
1/26/202628.63 USD
1/23/202628.56 USD
1/22/202628.48 USD
1/21/202628.31 USD
1/20/202628.10 USD
1/16/202628.94 USD
1/15/202629.50 USD
1/14/202630.00 USD
1/13/202631.01 USD
1/12/202631.63 USD
1/9/202632.13 USD
1/8/202631.87 USD
1/7/202632.07 USD
1/6/202632.28 USD
1/5/202631.54 USD
1/2/202630.96 USD
12/31/202530.56 USD
12/30/202530.84 USD
12/29/202530.68 USD
12/26/202530.68 USD
12/24/202531.25 USD
12/23/202531.70 USD
12/22/202532.19 USD
12/19/202531.12 USD
12/18/202528.46 USD
12/17/202528.13 USD
12/16/202528.29 USD
12/15/202528.63 USD
12/12/202527.78 USD
12/11/202527.84 USD
12/10/202526.32 USD
12/9/202525.54 USD
12/8/202526.02 USD
12/5/202525.86 USD
12/4/202525.81 USD
12/3/202526.02 USD
12/2/202525.91 USD
12/1/202525.92 USD
11/28/202525.78 USD
11/26/202525.47 USD
11/25/202525.57 USD
11/24/202524.97 USD
11/21/202526.67 USD
11/20/202525.38 USD
11/19/202526.15 USD
11/18/202525.71 USD
11/17/202525.36 USD
11/14/202526.06 USD
11/13/202526.20 USD
11/12/202527.16 USD
11/11/202526.82 USD
11/10/202526.92 USD
11/7/202526.78 USD
11/6/202526.42 USD
11/5/202527.00 USD
11/4/202526.20 USD
11/3/202528.73 USD
10/31/202528.82 USD
10/30/202528.40 USD
10/29/202527.87 USD
10/28/202527.92 USD
10/27/202529.43 USD
10/24/202529.38 USD
10/23/202529.46 USD
10/22/202530.00 USD
10/21/202530.01 USD
10/20/202528.90 USD
10/17/202528.38 USD
10/16/202528.22 USD
10/15/202528.87 USD
10/14/202528.94 USD
10/13/202528.08 USD
10/10/202527.55 USD
10/9/202528.51 USD
10/8/202528.92 USD
10/7/202528.71 USD
10/6/202529.07 USD
10/3/202528.58 USD
10/2/202528.86 USD
10/1/202528.57 USD
9/30/202528.91 USD
9/29/202528.91 USD
9/28/202529.40 USD
9/25/202530.62 USD
9/24/202530.48 USD
9/23/202530.74 USD
9/22/202530.72 USD
9/19/202530.58 USD
9/18/202531.47 USD
9/17/202531.20 USD
9/16/202531.14 USD
9/15/202531.22 USD
9/12/202531.64 USD
9/11/202532.42 USD
9/10/202531.36 USD
9/9/202531.62 USD
9/8/202531.60 USD
9/5/202531.55 USD
9/4/202531.78 USD
9/3/202531.42 USD
9/2/202531.13 USD
8/29/202531.94 USD
8/28/202532.46 USD
8/27/202532.34 USD
8/26/202531.92 USD
8/25/202531.24 USD
8/22/202531.36 USD
8/21/202529.34 USD
8/20/202529.27 USD
8/19/202529.59 USD
8/18/202529.97 USD
8/15/202529.80 USD
8/14/202530.25 USD
8/13/202530.57 USD
8/12/202529.63 USD
Access this data via the Eulerpool API

Carnival Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
21.59 B USD
1.96 B USD
-74.00 M USD
Jan 1, 2024
25.02 B USD
3.57 B USD
1.92 B USD
Jan 1, 2025
26.62 B USD
4.48 B USD
2.76 B USD
Jan 1, 2026 (e)
27.62 B USD
-5.38 B USD
3.14 B USD
Jan 1, 2027 (e)
28.60 B USD
-5.57 B USD
3.70 B USD
Jan 1, 2028 (e)
29.84 B USD
-5.81 B USD
4.32 B USD
Jan 1, 2029 (e)
31.05 B USD
-6.04 B USD
4.88 B USD
Jan 1, 2030 (e)
32.14 B USD
-6.26 B USD
5.23 B USD

Carnival Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 12, 2026, 3:29 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
15.7116.3917.5118.8820.835.591.9112.1721.5925.0226.6227.6228.6029.8431.0532.14
-1.074.306.847.8210.30-73.14-65.89537.7977.4415.886.403.753.534.354.053.52
39.8842.7540.0341.2738.01-47.39-143.973.3933.7037.5029.6229.6229.6229.6229.6229.62
6.277.017.017.797.92-2.65-2.750.417.289.387.898.188.478.849.209.52
2.573.072.813.333.28-8.87-7.93-4.551.963.574.48-5.38-5.57-5.81-6.04-6.26
16.3818.7416.0417.6115.73-158.47-415.78-37.359.0614.2816.84-19.46-19.46-19.46-19.46-19.46
1.762.782.613.152.99-10.24-9.50-6.09-0.071.922.763.143.704.324.885.23
44.4958.17-6.2320.95-5.14-442.34-7.18-35.87-98.79-2,689.1944.0513.7317.9016.6713.047.13
1.101.351.601.952.002.000.600.690.79
10.0022.7318.5221.872.5615.0014.49
0.780.730.720.700.690.781.141.261.261.401.401.401.401.401.401.40
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Carnival generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Carnival retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Carnival's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Carnival has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Carnival's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Carnival stock margins

The Carnival margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Carnival. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Carnival.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
-143.97 %
-415.78 %
-497.96 %
Jan 1, 2022
3.39 %
-37.35 %
-50.07 %
Jan 1, 2023
33.70 %
9.06 %
-0.34 %
Jan 1, 2024
37.50 %
14.28 %
7.66 %
Jan 1, 2025
29.62 %
16.84 %
10.37 %
Jan 1, 2026 (e)
29.62 %
-19.46 %
11.37 %
Jan 1, 2027 (e)
29.62 %
-19.46 %
12.94 %
Jan 1, 2028 (e)
29.62 %
-19.46 %
14.47 %

Carnival Stock Revenue, EBIT, Earnings per Share

The Carnival earnings per share therefore indicates how much revenue Carnival has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
1.68 USD
-6.99 USD
-8.37 USD
Jan 1, 2022
9.67 USD
-3.61 USD
-4.84 USD
Jan 1, 2023
17.10 USD
1.55 USD
-0.06 USD
Jan 1, 2024
17.88 USD
2.55 USD
1.37 USD
Jan 1, 2025
18.98 USD
3.20 USD
1.97 USD
Jan 1, 2026 (e)
19.70 USD
-3.83 USD
2.24 USD
Jan 1, 2027 (e)
20.40 USD
-3.97 USD
2.64 USD
Jan 1, 2028 (e)
21.28 USD
-4.14 USD
3.08 USD

Carnival business model & stock analysis

Carnival Corp is a leading company in the cruise industry and was founded in 1972. The company is headquartered in Miami, Florida and operates worldwide. Carnival Corp offers a wide range of cruise brands targeting different demographics. For example, there are brands that specialize in family cruises, as well as those that focus on luxury cruises. The business model of Carnival Corp is based on the idea of providing passengers with an unforgettable travel experience. To accomplish this, the ships offer a variety of activities and amenities, including restaurants, bars, fitness centers, pools, theaters, and shopping opportunities. Through the combination of top-notch facilities and amenities, passengers can enjoy their journey and relax. Carnival Corp operates a wide range of brands and divisions to meet the different needs and interests of its customers. One of the most well-known brands is Carnival Cruise Line, whose ships are mainly deployed in the Caribbean. Here, families with children can find a wide range of leisure activities and entertainment. AIDA Cruises is also part of Carnival Corp. This brand is particularly well-known in the German-speaking region and offers a comprehensive program of activities and entertainment on board. Another important division of Carnival Corp is luxury cruising. This includes the brand Seabourn, which operates ships with a maximum of 600 passengers. The focus here is on exclusive travel experiences, often visiting exotic destinations in the Mediterranean or Asia. Cunard is also part of the luxury division of Carnival Corp and is especially known for the legendary Queen Mary 2. The ship is considered the epitome of classic England and offers its passengers a unique atmosphere. However, cruises are not the only product offered by Carnival Corp. The company also operates ports and terminals worldwide. This allows for streamlining and optimizing the embarkation and disembarkation process, leading to a smooth operation. Carnival Corp can also organize excursions and land activities to provide passengers with a comprehensive travel experience. In recent years, Carnival Corp has faced some challenges. In the past, there have been negative headlines due to issues on the ships, cruise cancellations due to political unrest or natural disasters, and perceived neglect of safety standards. However, in recent years, the company has increased its investment in improving safety standards and relies on a modern fleet to impress its customers. In summary, Carnival Corp is a leading company in the cruise industry with a wide range of brands and divisions. The company aims to provide its passengers with an unforgettable travel experience and invests in state-of-the-art technology and top-notch facilities and amenities. Despite some challenges in the past, Carnival Corp remains an important player in the cruise industry and will continue to play a significant role in the future.

Carnival SWOT Analysis

Strengths

Carnival Corp has a strong global brand presence and is one of the largest cruise line companies in the world. With a diverse portfolio of popular cruise brands, such as Carnival Cruise Line, Princess Cruises, and Holland America Line, it caters to a wide range of customers and offers a variety of cruise experiences.

The company benefits from economies of scale, allowing it to achieve cost efficiencies and offer competitive pricing options. Carnival Corp's strong relationships with suppliers and its ability to negotiate favorable contracts contribute to its cost advantage.

Carnival Corp also possesses a highly experienced management team with deep industry knowledge. This expertise enables the company to navigate and adapt to changing market conditions effectively.

Weaknesses

The cruise industry is susceptible to external factors, such as economic downturns, geopolitical events, and health concerns. Carnival Corp experienced a significant setback due to the impact of the COVID-19 pandemic, highlighting its vulnerability to unforeseen circumstances.

Despite implementing various safety measures, the company faced negative media attention and public perception issues following a series of high-profile incidents involving its cruise ships.

Carnival Corp heavily relies on international operations, which exposes it to currency exchange rate fluctuations and geopolitical risks, including changes in regulations, taxes, or political instability.

Opportunities

The cruise industry continues to witness a steady growth in demand, driven by the increasing popularity of cruising among various demographic groups, including millennials and multigenerational families. Carnival Corp can leverage this opportunity by targeting untapped markets and developing new innovative cruise experiences.

The company can also enhance its sustainability practices to appeal to environmentally-conscious consumers who are seeking eco-friendly travel options. Investing in greener technologies and initiatives can not only attract new customers but also help reduce operational costs in the long run.

Threats

Intense competition within the cruise industry poses a threat to Carnival Corp's market share. Other major cruise companies, as well as alternative vacation options, such as all-inclusive resorts or land-based travel, may lure customers away.

Ongoing geopolitical tensions, trade disputes, or epidemics/pandemics can disrupt the company's operations and negatively impact consumer sentiment towards travel. Additionally, unpredictable weather conditions and natural disasters can lead to itinerary changes or cancellations, further affecting customer satisfaction.

Changes in regulations and environmental policies can impose additional costs and compliance burdens on cruise companies. Political or regulatory interventions related to safety, health, labor, or environmental standards may require significant investments or alterations in Carnival Corp's operations.

Carnival Employees

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Carnival Employees
Details
Date
Carnival Employees
Jan 1, 2018
- Employees
Jan 1, 2019
- Employees
Jan 1, 2020
- Employees
Jan 1, 2021
- Employees
Jan 1, 2022
- Employees
Jan 1, 2023
- Employees
Jan 1, 2024
- Employees
Jan 1, 2025
- Employees

Carnival Segments

Carnival Revenue by Segment (1/2)

  • 3 Years

  • 5 Years

  • Max

Cruise passenger ticket
Cruise onboard and other
Tour and other
Details
Date
Cruise passenger ticket
Cruise onboard and other
Tour and other
Jan 1, 2018
13.93 B USD
4.68 B USD
272.00 M USD
Jan 1, 2020
3.68 B USD
1.91 B USD
0.00 USD

Carnival Revenue by Segment (2/2)

  • 3 Years

  • 5 Years

  • Max

NAA Segment
EA Segment
Cruise Support
Tour and Other
Cruise
Details
Date
NAA Segment
EA Segment
Cruise Support
Tour and Other
Cruise
Jan 1, 2018
12.24 B USD
6.24 B USD
129.00 M USD
272.00 M USD
0.00 USD
Jan 1, 2020
3.63 B USD
1.79 B USD
0.00 USD
110.00 M USD
68.00 M USD

Carnival Revenue by Region

  • 3 Years

  • 5 Years

  • Max

North America
Europe
Australia and Asia
Other Countries
Details
Date
North America
Europe
Australia and Asia
Other Countries
Jan 1, 2018
10.07 B USD
5.96 B USD
2.53 B USD
327.00 M USD
Jan 1, 2020
3.08 B USD
1.64 B USD
687.00 M USD
180.00 M USD

Carnival Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Carnival historical P/E ratio, EBIT multiple, and P/S ratio

Carnival annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Carnival shares outstanding

The number of shares of Carnival was 1.4 B in 2025. This indicates how many shares Carnival is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
1.14 B Stocks
Jan 1, 2022
1.26 B Stocks
Jan 1, 2023
1.26 B Stocks
Jan 1, 2024
1.40 B Stocks
Jan 1, 2025
1.40 B Stocks
Jan 1, 2026 (e)
1.40 B Stocks
Jan 1, 2027 (e)
1.40 B Stocks
Jan 1, 2028 (e)
1.40 B Stocks

Carnival stock splits

In Carnival's history, there have been no stock splits.

Carnival Dividend History

31 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.15USDYTD
Feb 13, 20260.15USD 70.0%1/1
20200.50USD 75.0%
20192.00USD 2.6%
20181.95USD 21.9%
20171.60USD 18.5%
20161.35USD 22.7%
20151.10USD 10.0%
20141.00USD 0.0%
20131.00USD 33.3%
20121.50USD 50.0%

Carnival dividend payout ratio

In 2025, Carnival had a payout ratio of 44.79%. The payout ratio indicates the percentage of the company's profits that Carnival distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
44.53 %
Jan 1, 2022
44.60 %
Jan 1, 2023
45.05 %
Jan 1, 2024
44.73 %
Jan 1, 2025
44.79 %
Jan 1, 2026 (e)
26.80 %
Jan 1, 2027 (e)
26.11 %
Jan 1, 2028 (e)
25.70 %

Current Carnival forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
78.13 % (25)
Hold
21.88 % (7)
Sell
0.00 % (0)
12M Price Target
38.76
Last Price
28.26
Currency
USD
12M Return Potential
37.13 %
LTM Return
0 %

Carnival Analyst Rating Actions

DateFirmActionRatingReliability
7/23/2026
Truist Securities
Truist Securities
MaintainedHold
6/30/2026
Tigress Financial
Tigress Financial
MaintainedBuy
6/25/2026
Wells Fargo
Wells Fargo
MaintainedOverweight56
6/24/2026
Susquehanna
Susquehanna
MaintainedPositive
6/24/2026
Barclays
Barclays
MaintainedOverweight33
6/16/2026
Citigroup
Citigroup
MaintainedBuy48
6/12/2026
Stifel
Stifel
MaintainedBuy
5/22/2026
Truist Securities
Truist Securities
MaintainedHold
5/15/2026
TD Cowen
TD Cowen
MaintainedBuy60
4/15/2026
Wells Fargo
Wells Fargo
MaintainedOverweight56

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Carnival Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
6/22/20260.35USD-6.76 BUSD-2026 Q2
3/19/20260.18USD-6.19 BUSD-2026 Q1
12/18/20250.25USD-6.44 BUSD-2025 Q4
12/20/20240.07USD-5.98 BUSD-2024 Q4
6/24/20240.02USD-5.84 BUSD-2024 Q2
3/25/2024-0.13USD-5.48 BUSD-2024 Q1
12/19/2023-0.13USD-5.20 BUSD-2023 Q4
9/29/20230.77USD-6.74 BUSD-2023 Q3
6/22/2023-0.12USD-5.11 BUSD-2023 Q2
3/20/2023-0.37USD-4.89 BUSD-2023 Q1
...

EESG©

Eulerpool ESG Scorecard© for the Carnival stock

81/100
78
Environment
80
Social
84
Governance
E

Environment

20
Scope 1 - Direct Emissions9,610,000
Scope 2 - Indirect emissions from purchased energy38,000
Scope 3 - Indirect emissions within the value chain7,562,000
Total CO₂ emissions9,648,000
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees23.283
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Carnival shareholder structure

% Name
6.41793%
BLACKROCK, INC.
BLACKROCK, INC.
5.24066%
VANGUARD CAPITAL MANAGEMENT LLC
VANGUARD CAPITAL MANAGEMENT LLC
3.90699%
VANGUARD PORTFOLIO MANAGEMENT LLC
VANGUARD PORTFOLIO MANAGEMENT LLC
3.58335%
STATE STREET CORP
STATE STREET CORP
2.64598%
CAUSEWAY CAPITAL MANAGEMENT LLC
CAUSEWAY CAPITAL MANAGEMENT LLC
2.32304%
GEODE CAPITAL MANAGEMENT, LLC
GEODE CAPITAL MANAGEMENT, LLC
...

Carnival Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.6%
Float Shares
-
Shares Outstanding
-
StakeHolderFiling
21.40%
MICKY ARISON
MICKY ARISON
SEC ↗
15.40%
JAMES M. DUBIN
JAMES M. DUBIN
SEC ↗
14.80%
JMD DELAWARE, LLC
JMD DELAWARE, LLC
SEC ↗
8.87%
The Vanguard Group - 23-1945930
The Vanguard Group - 23-1945930
SEC ↗
8.06%
RICHARD L. KOHAN
RICHARD L. KOHAN
SEC ↗
8.06%
ARISON MICKY MEIR
ARISON MICKY MEIR
SEC ↗
7.63%
AIM Funds Management, Inc.
AIM Funds Management, Inc.
SEC ↗
7.30%
56-0939887
56-0939887
SEC ↗
7.20%
Capital World Investors **
Capital World Investors **
SEC ↗
7.12%
KLR, LLC
KLR, LLC
SEC ↗

Carnival Executives and Management Board

15 members · avg. age 64 · 33 % women

JW

Mr. Josh Weinstein (50)

President, Chief Executive Officer, Chief Climate Officer, Executive Director · since 2020

23.57 M USD

Management

DB

Mr. David Bernstein (67)

Chief Financial Officer, Chief Accounting Officer

14.45 M USD
EM

Mr. Enrique Miguez (60)

General Counsel

5.93 M USD
BD

Ms. Bettina Deynes (52)

Global Chief Human Resources Officer

2.79 M USD
LL

Mr. Lars Ljoen (55)

Chief Maritime Officer

Board of Directors

RW

Mr. Randall Weisenburger (66)

Presiding Senior Non-Executive Independent Director

396,378.00 USD
SB

Sir Jonathon Band (75)

Non-Executive Independent Director

345,128.00 USD
SS

Mr. Stuart Subotnick (83)

Non-Executive Independent Director

345,128.00 USD
LW

Ms. Laura Weil (68)

Non-Executive Independent Director

345,128.00 USD
JG

Mr. Jeffrey Gearhart (60)

Non-Executive Independent Director

337,628.00 USD
JC

Mr. Jason Cahilly (55)

Non-Executive Independent Director

315,128.00 USD

Carnival Supply Chain

Carnival Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#NameTrend
1
Royal Caribbean
Supplier·Customer·Hotels, Restaurants & Leisure·US
0.99
1.00
0.94
0.91
0.84
0.88
2
Technogym
Supplier·Leisure Products·IT
0.72
0.12
-0.20
0.37
0.76
0.83
3
Rocky Brands
Supplier·Textiles, Apparel & Luxury Goods·US
0.88
0.87
0.69
0.45
0.75
0.81
4
Bestone com
Supplier·Hotels, Restaurants & Leisure·JP
0.69
0.91
0.30
0.20
0.72
0.78
5
OneSpaWorld Holdings Limited
Customer·Diversified Consumer Services·BS
0.61
0.87
0.92
0.70
0.45
0.77
#NameTrend
1
Publicis Groupe S.A.
Supplier
0.82
0.62
0.67
0.16
2
Wärtsilä Oyj Abp
Supplier
0.77
0.73
0.81
0.21
3
Global Eagle Entertainment Incorporated
Supplier·US
0.73
0.43
0.40
0.06
4
Fincantieri S.p.A.
Supplier
0.72
0.64
5
Software Aktiengesellschaft
Supplier
0.69
0.43

Frequently asked questions about Carnival

The business model of Carnival Corp revolves around the cruise line industry. Carnival Corp operates a fleet of cruise ships under various brands, offering vacation experiences to international travelers. With a focus on delivering joyful and memorable journeys, Carnival Corp provides a wide range of onboard amenities, entertainment options, and destinations to explore. Their business model combines revenue streams from ticket sales, onboard purchases, shore excursions, and partnerships. As a global leader in the cruise industry, Carnival Corp strives to provide exceptional hospitality, customer satisfaction, and value for money.

Carnival Corp is primarily active in the cruise industry.

Carnival Corp's main competitors in the market include Royal Caribbean Cruises Ltd., Norwegian Cruise Line Holdings Ltd., and MSC Cruises.

Carnival Corp is a leading cruise operator with a rich history and background. Founded in 1972, the company has grown into the largest leisure travel company in the world, operating a fleet of over 100 cruise ships across its various brands. Headquartered in Miami, Florida, Carnival Corp offers a wide range of cruise vacation options to millions of travelers each year. With a focus on exceptional service, innovative amenities, and immersive experiences, Carnival Corp has become synonymous with fun and memorable cruises. The company has a strong commitment to safety and sustainability, consistently investing in new technologies and practices to reduce its environmental impact.

Carnival Corp has achieved several significant milestones throughout its history. From its establishment in 1972, the company has grown to become the world's largest cruise ship operator, with a fleet of over 100 vessels. Carnival Corp successfully introduced the first-ever "Fun Ship" concept, revolutionizing the cruise industry with a focus on exciting entertainment options for passengers. Additionally, they have continuously expanded their global reach, acquiring renowned cruise lines such as Princess Cruises, Holland America Line, and P&O Cruises. With a commitment to innovation, exceptional experiences, and unparalleled customer service, Carnival Corp remains a pioneer in the cruise industry and a top choice for travelers worldwide.

Carnival Corp is primarily present in various countries and regions around the world. Some of the key countries where Carnival Corp operates include the United States, United Kingdom, Italy, Australia, Germany, and Canada. With a global presence, Carnival Corp offers its exceptional cruise vacation experiences in popular destinations such as the Caribbean, Europe, Alaska, Australia, Asia, and more. As one of the world's largest cruise companies, Carnival Corp continues to expand its presence in multiple regions to cater to travelers from different parts of the world, providing unforgettable vacations and memorable experiences.

Carnival Corp represents a strong commitment to providing exceptional cruising experiences. With a corporate philosophy centered on fun, innovation, and outstanding customer service, Carnival Corp strives to create unforgettable vacations for its passengers. The company values inclusivity and diversity, ensuring that everyone feels welcome onboard. Carnival Corp seeks to continuously improve its environmental performance, aiming for sustained conservation and minimizing its ecological footprint. Additionally, the company is dedicated to the well-being and development of its employees, fostering a positive work environment. Through these values and corporate philosophy, Carnival Corp sets itself apart as a leading provider of exciting and memorable cruise vacations.

Analysts currently set an average price target of 38.25 USD for the Carnival stock (median: 38.76 USD), implying +35.3 % versus the latest price. The consensus is based on 32 analyst ratings.

32 analysts currently rate the Carnival stock: 25 recommend buying, 7 holding and 0 selling. For 2026, analysts expect Carnival to generate revenue of 27.62 B USD and earnings per share of 2.24 USD.

Converted at the current exchange rate, the Carnival share trades at 24.01 EUR (27.73 USD).

The Carnival share (CCL) is listed on 11 stock exchanges, including: NYSE (CCL), Frankfurt (CVC1.F), München (CVC1.MU), Stuttgart (CVC1.SG), Düsseldorf (CVC1.DU), Berlin (CVC1.BE), Hamburg (CVC1.HM), London (0EV1.L).

Carnival Corp is the largest cruise company in the world based in Miami, Florida. The company operates brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, Costa Cruises, and Seabourn Cruise Line. Their business model focuses on providing customers with a first-class cruise experience, offering a wide range of products and services. They specialize in catering to the needs of families, couples, solo travelers, and groups, offering a variety of accommodations, dining options, entertainment, and activities. Carnival Corp also operates in the hotel, casino, and retail industries, aiming for sustainable growth and reducing their environmental impact. Overall, their diverse business model allows them to offer a wide range of premium products and services to customers.

The expected revenue of Carnival is 27.62 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Carnival is 3.14 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Carnival is currently 12.39. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Carnival stock.

The price-to-sales ratio (P/S) of Carnival is currently 1.41. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Carnival stock.

The Eulerpool Quality Score for Carnival is 5/10.

The ISIN of Carnival is PA1436583006. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Carnival is 120100. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Carnival is CCL. The ticker symbol is used to trade Carnival shares on the stock exchange.

Over the past 12 months, Carnival paid a dividend of 0.50 USD . This corresponds to a dividend yield of about 1.80 %. For the coming 12 months, Carnival is expected to pay a dividend of 0.69 USD.

The current dividend yield of Carnival is 1.80 %.

Carnival pays a dividend, distributed in the months of , , , .

Carnival paid dividends every year for the past 0 years.

For the upcoming 12 months, dividends amounting to 0.69 USD are expected. This corresponds to a dividend yield of 2.44 %.

Carnival is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Carnival from amounting to 0.15 USD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

The dividends of Carnival are distributed in USD.

All fundamentals and in-depth analysis of Carnival

Our stock analysis for Carnival stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Carnival. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.