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Carnival (CCL)
NYSE:CCL
US Market
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Carnival (CCL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Dec 19, 2025
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.24
Last Year’s EPS
0.14
Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Sep 29, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call was predominantly positive, with record-breaking financial results, strong yield growth, and successful new initiatives like Celebration Key. Despite some cost and interest expense challenges, the company's strong performance and positive future booking trends outweigh the negatives.
Company Guidance
During the Carnival Corporation & plc Q3 2025 earnings call, the company reported impressive financial results with a record net income of $2 billion, representing a nearly 10% increase over their pre-pause benchmark. This was achieved despite a significant 600% rise in net interest expenses since 2019. Operating income and EBITDA also reached their highest levels in almost two decades, even with a 2.5% reduction in capacity compared to the previous year. Yields rose by 4.6% on a same-ship basis, surpassing guidance, while unit costs improved by 1.5 points due to rigorous cost discipline. Consequently, the company raised its full-year guidance for the third time in 2025, reporting a return on invested capital (ROIC) of 13% over the past twelve months, marking the first instance of achieving double-digit returns since 2007. The net debt to EBITDA ratio improved to 3.6 times, nearing investment-grade leverage metrics, enabling the company to focus on deleveraging and returning capital to shareholders. The company also highlighted strong booking trends for 2026, with nearly half of the year already booked at higher prices, and notable successes from their new Celebration Key destination, which is expected to host 2.8 million guests next year.
Record-Breaking Financial Performance
Achieved an all-time high net income of $2 billion, surpassing pre-pause benchmarks by nearly 10% with strong operational execution.
Strong Yield and Revenue Growth
Yields increased 4.6% on a same ship basis, outperforming guidance due to strength in close-in demand and onboard spending.
Improved Leverage and Returns
Leverage reduced to 3.6 times net debt to EBITDA, with a 13% ROIC, the first time since 2007 that returns have reached the teens.
Successful Celebration Key Launch
Celebration Key opened to rave reviews, with nearly half a million guests visiting since its opening, and is meeting investment return expectations.
Positive Booking Trends
Booking trends have improved, with nearly half of 2026 already booked at higher prices, and 2027 bookings off to a record start.

Carnival (CCL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

CCL Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Dec 19, 2025
2025 (Q4)
0.24 / -
0.14
Sep 29, 2025
2025 (Q3)
1.32 / 1.43
1.2712.60% (+0.16)
Jun 24, 2025
2025 (Q2)
0.25 / 0.35
0.11218.18% (+0.24)
Mar 21, 2025
2025 (Q1)
0.03 / 0.13
-0.14192.86% (+0.27)
Dec 20, 2024
2024 (Q4)
0.07 / 0.14
-0.07300.00% (+0.21)
Sep 30, 2024
2024 (Q3)
1.18 / 1.27
0.8647.67% (+0.41)
Jun 25, 2024
2024 (Q2)
-0.01 / 0.11
-0.31135.48% (+0.42)
Mar 27, 2024
2024 (Q1)
-0.18 / -0.14
-0.5574.55% (+0.41)
Dec 21, 2023
2023 (Q4)
-0.13 / -0.07
-0.8591.76% (+0.78)
Sep 29, 2023
2023 (Q3)
0.75 / 0.86
-0.581248.02% (+1.44)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

CCL Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Sep 29, 2025
$30.62$29.40-3.98%
Jun 24, 2025
$24.04$25.70+6.91%
Mar 21, 2025
$21.20$20.94-1.23%
Dec 20, 2024
$25.18$26.80+6.43%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Carnival (CCL) report earnings?
Carnival (CCL) is schdueled to report earning on Dec 19, 2025, Before Open (Confirmed).
    What is Carnival (CCL) earnings time?
    Carnival (CCL) earnings time is at Dec 19, 2025, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is CCL EPS forecast?
          CCL EPS forecast for the fiscal quarter 2025 (Q4) is 0.24.

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