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Carnival Corporation & plc (CUK)
NYSE:CUK
US Market

Carnival (CUK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 20, 2026
Before Open (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
0.19
Last Year’s EPS
0.13
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Dec 19, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlighted a record-breaking financial performance for 2025 with strong cost management and booking volumes, leading to a positive outlook for 2026. However, challenges such as increased capacity in the Caribbean and low consumer sentiment present potential risks. The reinstatement of dividends and achievement of an investment-grade leverage ratio demonstrate financial strength, outweighing the lowlights.
Company Guidance
During the Carnival Corporation & plc Fourth Quarter 2025 Earnings Call, the company provided detailed guidance and key performance metrics that highlighted its robust financial health and strategic direction. Carnival reported a net income of over $3 billion for the year, marking a 60% increase over 2024 and exceeding initial guidance by more than 30%. Full-year yields improved by over 5.5%, surpassing initial projections by 1.5 percentage points. The company also achieved a 2.6% increase in unit costs, which was better than initial guidance by over one percentage point. Operating margins and EBITDA margins rose by more than 250 basis points year-over-year, leading to the highest operating income per Available Lower Berth Day (ALBD) in nearly two decades. The company guided a 3% yield increase for 2026, incorporating a 4% capacity growth and a 14% increase in non-Carnival Corporation capacity in the Caribbean. Carnival also reported a 3.25% expected growth in unit costs for 2026, with net cruise cost ex-fuel per ALBD projected to rise by about 2.5%. Additionally, the company announced the resumption of its dividend at $0.15 per quarter, reflecting confidence in sustained cash generation and a strengthened balance sheet. These metrics underscore the company's strong operational performance and strategic initiatives aimed at maintaining growth and shareholder value.
Record-Breaking Financial Performance
The company delivered historical highs for revenues, yields, operating income, and EBITDA for both the fourth quarter and the full year 2025, with net income exceeding $3 billion, a 60% increase over 2024.
Successful Cost Management
Unit costs improved over 1 point better than initial guidance with a 2.6% increase for the year, effectively mitigating inflation and higher expenses.
Strong Booking Volumes
Achieved record booking volumes for 2026 and 2027, with customer deposits up 7% year-over-year, hitting an all-time high.
Reinstatement of Dividend
Resumed dividend at an initial rate of $0.15 per quarter, reflecting confidence in cash generation and balance sheet improvements.
Investment-Grade Leverage
Achieved an investment-grade net debt to adjusted EBITDA ratio of 3.4x at year-end 2025, with significant debt reduction achieved over the past three years.

Carnival (CUK) 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

CUK Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 20, 2026
2026 (Q1)
0.19 / -
0.13
Dec 19, 2025
2025 (Q4)
0.25 / 0.34
0.14142.86% (+0.20)
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)
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

CUK Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Dec 19, 2025
$26.32$30.96+17.63%
Sep 29, 2025
$27.66$26.60-3.83%
Jun 24, 2025
$21.57$23.26+7.83%
Mar 21, 2025
$19.05$18.67-1.99%
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 Corporation & plc (CUK) report earnings?
Carnival Corporation & plc (CUK) is schdueled to report earning on Mar 20, 2026, Before Open (Confirmed).
    What is Carnival Corporation & plc (CUK) earnings time?
    Carnival Corporation & plc (CUK) earnings time is at Mar 20, 2026, 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 CUK EPS forecast?
          CUK EPS forecast for the fiscal quarter 2026 (Q1) is 0.19.