CCL

Carnival Corporation Ltd.

Income statement

Income statement
Line, in USD	Last 12 months	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2009	FY2008	FY2007
Revenue	27.6B	26.6B	25.0B	21.6B	12.2B	1.9B	5.6B	20.8B	18.9B	17.5B	16.4B	15.7B	15.9B	13.2B	14.6B	13.0B
Cost of revenue	—	—	15.6B	14.3B	11.8B	4.7B	—	12.9B	11.1B	10.5B	9.4B	9.4B	10.4B	8.1B	9.0B	7.6B
Gross profit	—	—	9.38B	7.28B	0.41B	−2.75B	—	7.92B	7.79B	7.01B	7.01B	6.27B	5.46B	5.05B	5.61B	5.41B
SG&A	3.58B	3.40B	3.25B	2.95B	2.52B	1.89B	1.88B	2.48B	2.45B	2.27B	2.20B	2.07B	2.05B	1.59B	1.63B	1.58B
Other operating expenses	—	—	2.56B	2.37B	2.28B	2.46B	—	2.16B	2.02B	1.94B	1.74B	1.63B	1.64B	1.31B	1.25B	1.10B
Operating income	4.41B	4.48B	3.57B	1.96B	−4.38B	−7.09B	−8.87B	3.28B	3.33B	2.81B	3.07B	2.57B	1.77B	2.15B	2.73B	2.73B
Non-operating income	−1.24B	−1.71B	−1.66B	−2.02B	−1.70B	−2.43B	−1.39B	−0.22B	−0.12B	−0.14B	−0.24B	−0.78B	−0.55B	−0.35B	−0.36B	−0.30B
Pretax income	3.2B	2.8B	1.9B	−62M	−6.1B	−9.5B	−10.3B	3.1B	3.2B	2.7B	2.8B	1.8B	1.2B	1.8B	2.4B	2.4B
Taxes	32M	12M	−1.0M	12M	13M	−21M	−17M	70M	55M	60M	49M	42M	9.0M	16M	47M	16M
Net income	3.1B	2.8B	1.9B	−74M	−6.1B	−9.5B	−10.2B	3.0B	3.2B	2.6B	2.8B	1.8B	1.2B	1.8B	2.3B	2.4B

Diluted EPS	2.27	2.02	1.44	−0.06	−5.16	−8.46	−13.20	4.32	4.44	3.59	3.72	2.26	1.56	2.24	2.90	2.95
Diluted shares	—	1.40B	1.40B	1.26B	1.18B	1.12B	775.0M	692.0M	710.0M	725.0M	747.0M	779.0M	778.0M	804.0M	816.0M	—

Revenue growth	—	+6.4%	+15.9%	+77.5%	+537.7%	−65.9%	−73.1%	+10.3%	+7.8%	+6.8%	+4.3%	−1.1%	—	−10.2%	+12.4%	—
Gross margin	—	—	37.5%	33.7%	3.4%	−144.0%	—	38.0%	41.3%	40.0%	42.7%	39.9%	34.4%	38.4%	38.3%	41.5%
Operating margin	16.0%	16.8%	14.3%	9.1%	−36.0%	−371.5%	−158.4%	15.7%	17.6%	16.0%	18.7%	16.4%	11.2%	16.4%	18.6%	20.9%
Net margin	11.4%	10.4%	7.7%	−0.3%	−50.1%	−498.0%	−182.9%	14.4%	16.7%	14.9%	17.0%	11.2%	7.7%	13.6%	15.9%	18.5%