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Carnival Corporation Ltd.

CCL Consumer Discretionary Marine Transportation
$27.08
▲ +0.1% Today
as of Oct 22, 16:47 ET
Last 30 days +20.04% Sep 14 → Oct 22
$21.35 $22.95 $24.55 $26.14 $27.74 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$26.83
High
$27.65
Low
$26.76
Volume
$18M
Avg Vol
$24M
Mkt Cap
$33.7B
P/E (TTM)
13.08
Beta
—
52w High
$34.03
52w Low
$21.45
Div Yield
—
Shares Out
—

Recent Press Releases & News last 60 days · 25 items

mixed ▲ 1 ● 24 ▼ 0
Oct 22 · 08:57 Zacks neutral
Zacks Investment Ideas feature highlights: SpaceX, Tesla, United Airlines, Carnival, Maersk and Deere
Oct 21 · 23:58 Trefis neutral
Is There A Risk Hiding In Carnival Stock's Record Results?
Oct 19 · 12:18 Zacks neutral
Can Carnival's AI Push Accelerate Margin Expansion Through 2029?
▸ Show all 25 press releases & news Free account →

CCL earnings at a glance

The options market is pricing a move of about ±2.0% after the report, a range of roughly $26.53 to $27.63 from today's $27.08. Over its last 5 reports the stock rose the next day 2 times and fell 3, moving ±6.0% on average; after the most recent report on Jun 23, 2026 it moved -4.9%. That means options currently expect less movement than CCL has typically delivered. CCL beat the consensus EPS estimate in 6 of its last 6 reported quarters. Implied volatility is currently 49%. The share price of $27.08 sits in the middle of its 52-week range.

More Consumer Discretionary stocks · All stocks · Earnings calendar

Overview

52-week range
$21
$34
45% of range
Avg surprise (last 6)
+20.7%
Avg reaction (last 5)
+0.7%
40% positive
Latest IV / EM
49%
EM ±2.0% · $26 · Oct 9

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.33$0.11$0.55$0.99$1.43 Actual $-0.31Est $-0.33Actual $-0.17Actual $0.07Actual $1.26Actual $-0.06Actual $0.42Actual $0.35Est $0.24Actual $1.43Est $1.32Actual $0.34Est $0.25Actual $0.19Actual $0.20Est $0.18Actual $0.41Est $0.34 May/2023FebMayAugFebMayMay/2025Aug/20258KFeb8KMay/2026
Revenue vs Net Income Revenue Net income
$-78M$2.2B$4.4B$6.6B$8.9B Feb 25May 25Aug 25Feb 26May 26Aug 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jun 23, 2026May/2026 $0.41 $0.34 +17.1% -2.9% -4.9% earnings
Fri Mar 27, 20268K 2026-03-27 $0.20 $0.18 +11.1% — -4.3% earnings
Sat Feb 28, 2026Feb 2026 $0.19 — — — — financials
Fri Dec 19, 20258K 2025-12-19 $0.34 $0.25 +36.0% — +9.8% earnings
Mon Sep 29, 2025Aug/2025 $1.43 $1.32 +8.3% — -4.0% earnings
Tue Jun 24, 2025May/2025 $0.35 $0.24 +45.8% — +6.9% earnings
Sat May 31, 2025May 2025 $0.42 — — — — financials
Fri Feb 28, 2025Feb 2025 $-0.06 — — — — financials
Sat Aug 31, 2024Aug 2024 $1.26 — — — — financials
Fri May 31, 2024May 2024 $0.07 — — — — financials
Thu Feb 29, 2024Feb 2024 $-0.17 — — — — financials
Mon Jun 26, 2023May/2023 $-0.31 $-0.33 +6.1% — — earnings
Wed May 31, 2023May 2023 $-0.32 — — — — financials
Tue Feb 28, 2023Feb 2023 $-0.55 — — — — financials

Financials

Income statement (quarterly)

MetricAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Revenue$8.44B$6.66B$6.17B—$8.15B$6.33B$5.81B—
Cost of revenue————$4.38B$3.89B$3.77B—
Gross profit————————
Operating income$2.22B$851M$607M—$2.27B$934M$543M—
Net income$1.92B$537M$258M—$1.85B$565M$-78M—
EPS (diluted)$1.40$0.39$0.19—$1.33$0.42$-0.06—

Balance sheet (quarterly)

MetricAug 2026May 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024
Cash & equivalents$1.22B$2.24B$1.42B$1.93B$1.76B$2.15B$833M$1.21B
Inventory$528M$552M$510M$505M$475M$476M$518M$507M
Total current assets$3.42B$4.49B$3.72B$4.22B$3.87B$4.35B$2.98B$3.38B
Total assets$50.97B$52.23B$51.57B$51.69B$50.83B$51.16B$48.53B$49.06B
Long-term debt$21.88B$23.42B$23.79B$24.04B$25.06B$25.86B$25.49B$25.94B
Total liabilities————————
Total equity$14.19B$12.98B$13.05B$12.27B$11.93B$10.01B$9.18B$9.25B

Implied volatility — last 90 days

36%48%60%72%84% Jun 06 — IV 58% · EM ±12.5%Jun 07 — IV 65% · EM ±11.8%Jun 08 — IV 62% · EM ±11.0%Jun 09 — IV 62% · EM ±10.7%Jun 10 — IV 65% · EM ±10.9%Jun 11 — IV 70% · EM ±11.3%Jun 12 — IV 63% · EM ±9.8%Jun 15 — IV 62% · EM ±8.6%Jun 16 — IV 63% · EM ±8.3%Jun 17 — IV 64% · EM ±8.0%Jun 18 — IV 64% · EM ±7.6%Jun 19 — IV 69% · EM ±7.6%Jun 22 — IV 83% · EM ±7.0%Jun 23 — IV 59% · EM ±4.3%Jun 24 — IV 59% · EM ±3.5%Jun 25 — IV 58% · EM ±2.4%Jun 29 — IV 45% · EM ±10.7%Jun 30 — IV 46% · EM ±10.7%Jul 01 — IV 60% · EM ±2.5%Jul 03 — IV 44% · EM ±4.9%Jul 06 — IV 50% · EM ±4.2%Jul 07 — IV 53% · EM ±3.8%Jul 08 — IV 52% · EM ±3.1%Jul 09 — IV 57% · EM ±2.4%Jul 13 — IV 51% · EM ±4.2%Jul 14 — IV 50% · EM ±3.6%Jul 15 — IV 52% · EM ±3.1%Jul 16 — IV 51% · EM ±2.1%Jul 20 — IV 47% · EM ±4.0%Jul 21 — IV 48% · EM ±3.5%Jul 22 — IV 50% · EM ±2.9%Jul 23 — IV 55% · EM ±2.3%Jul 27 — IV 66% · EM ±5.5%Jul 28 — IV 60% · EM ±4.4%Jul 29 — IV 67% · EM ±3.9%Jul 30 — IV 59% · EM ±2.4%Aug 03 — IV 55% · EM ±4.6%Aug 04 — IV 57% · EM ±4.1%Aug 05 — IV 48% · EM ±2.8%Aug 06 — IV 48% · EM ±2.0%Aug 10 — IV 42% · EM ±3.5%Aug 11 — IV 41% · EM ±3.0%Aug 12 — IV 42% · EM ±2.5%Aug 13 — IV 45% · EM ±1.9%Aug 17 — IV 42% · EM ±3.5%Aug 18 — IV 43% · EM ±3.1%Aug 19 — IV 45% · EM ±2.7%Aug 20 — IV 49% · EM ±2.0%Aug 24 — IV 44% · EM ±3.6%Aug 25 — IV 48% · EM ±3.5%Aug 26 — IV 45% · EM ±2.6%Aug 27 — IV 45% · EM ±1.9%Aug 31 — IV 40% · EM ±3.3%Sep 01 — IV 48% · EM ±3.5%Sep 02 — IV 43% · EM ±2.5%Sep 03 — IV 37% · EM ±1.5%Sep 07 — IV 46% · EM ±3.8%Sep 08 — IV 49% · EM ±3.5%Sep 09 — IV 44% · EM ±2.6%Sep 10 — IV 38% · EM ±1.6%Sep 14 — IV 44% · EM ±3.7%Sep 15 — IV 56% · EM ±4.0%Sep 16 — IV 54% · EM ±3.2%Sep 17 — IV 55% · EM ±2.3%Sep 21 — IV 43% · EM ±3.6%Sep 22 — IV 50% · EM ±3.6%Sep 23 — IV 49% · EM ±2.9%Sep 24 — IV 57% · EM ±2.4%Sep 28 — IV 85% · EM ±7.1%Sep 29 — IV 45% · EM ±10.4%Sep 30 — IV 44% · EM ±2.6%Oct 01 — IV 50% · EM ±2.1%Oct 06 — IV 42% · EM ±3.0%Oct 07 — IV 41% · EM ±2.4%Oct 08 — IV 49% · EM ±2.0%

Sector peers

VIK
Viking Holdings Ltd
$40.0B $85.00-2.6%
BIP
Brookfield Infrastructure Partners LP
$17.2B $37.29+1.5%
FRO
Frontline Plc
$10.8B $51.22+1.8%
HII
Huntington Ingalls Industries, Inc.
$10.3B $278.86+2.4%
KEX
Kirby Corporation
$7.3B $131.50-3.5%
NCLH
Norwegian Cruise Line Holdings Ltd.
$6.9B $15.54-0.7%

CCL earnings FAQ

What is CCL's expected move for earnings?

Options currently price a move of about ±2.0%, or $0.55 per share either way from $27.08.

How does CCL stock usually react to earnings?

Across the last 5 reports the average next-day move was ±6.0%, up 2 times and down 3 times.

What is CCL's implied volatility?

CCL's at-the-money implied volatility is about 49% based on the latest options snapshot.

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