Carnival Files 2025 Annual Report, Reinstates Dividend and Seeks Buyback Authority After Record Year

An update from Carnival ( (GB:CCL) ) is now available.

Carnival Corporation & plc has filed its joint 2025 Annual Report on Form 10-K with the U.S. Securities and Exchange Commission, confirming that its audited U.S. GAAP financial statements are unchanged from the strong fourth-quarter and full-year results released in December, including record revenue of $26.6 billion, all-time high operating income of $4.5 billion, record bookings and customer deposits, and the completion of a $19 billion refinancing that has cut more than $10 billion of debt since early 2023 and enabled the reinstatement of a quarterly dividend. The cruise giant is also seeking shareholder approval to authorize Carnival plc to repurchase up to 10% of its outstanding ordinary shares, while emphasizing initiatives aimed at long-term value creation—such as targeted marketing underpinned by AI, expansion of exclusive destinations including Celebration Key and additional “Paradise Collection” projects, progress on emissions and food-waste reduction goals, and a proposed unification of its dual-listed structure to streamline governance, cut costs and potentially boost trading liquidity and index inclusion.

The most recent analyst rating on (GB:CCL) stock is a Hold with a £2300.00 price target. To see the full list of analyst forecasts on Carnival stock, see the GB:CCL Stock Forecast page.

Spark’s Take on GB:CCL Stock

According to Spark, TipRanks’ AI Analyst, GB:CCL is a Outperform.

Carnival Corporation’s strong financial recovery and record-breaking earnings performance are the most significant factors driving the score. The company’s strategic initiatives and positive future outlook further enhance its position. However, high leverage and overbought technical indicators present potential risks.

To see Spark’s full report on GB:CCL stock, click here.

More about Carnival

Carnival Corporation & plc is the world’s largest global cruise operator and one of the largest leisure travel companies, with a portfolio of brands including AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn, serving mass‑market and premium cruise customers worldwide.

Average Trading Volume: 696,940

Technical Sentiment Signal: Buy

Current Market Cap: £27.43B

See more insights into CCL stock on TipRanks’ Stock Analysis page.