Carnival Corporation & plc (CCL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CCL Revenue Growth
Revenue Breakdown (FY 2025)
CCL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CCL Revenue Analysis (2014–2025)
As of May 8, 2026, Carnival Corporation & plc (CCL) generated trailing twelve-month (TTM) revenue of $26.62 billion, reflecting solid growth of +6.6% year-over-year. The most recent quarter (Q4 2025) recorded $6.33 billion in revenue, down 22.4% sequentially.
Looking at the longer-term picture, CCL's 5-year compound annual growth rate (CAGR) stands at +36.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $26.62 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CCL's business is primarily driven by Tour And Other (65%), and Cruise (35%). With over half of revenue concentrated in Tour And Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including RCL (+9.7% YoY), NCLH (+6.5% YoY), and VIK (+21.9% YoY), CCL has underperformed the peer group in terms of revenue growth. Compare CCL vs RCL →
CCL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CCLCurrent | $26.6B | +6.6% | +36.6% | 16.8% | |
 RCL | $17.9B | +9.7% | +52.0% | 27.4% | |
 NCLH | $9.8B | +6.5% | +50.3% | 16.2% | |
 VIK | $6.5B | +21.9% | - | 23.1% | |
 MAR | $26.2B | +4.7% | +19.9% | 15.8% | |
 HLT | $12.0B | +8.7% | +22.8% | 22.4% |
CCL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $26.62B | +6.4% | $7.88B | 29.6% | $4.48B | 16.8% |
| 2024 | $25.02B | +15.9% | $9.38B | 37.5% | $3.57B | 14.3% |
| 2023 | $21.59B | +77.4% | $7.28B | 33.7% | $1.96B | 9.1% |
| 2022 | $12.17B | +537.8% | $412.0M | 3.4% | $-4,379,000,000 | -36.0% |
| 2021 | $1.91B | -65.9% | $-2,747,000,000 | -144.0% | $-7,089,000,000 | -371.5% |
| 2020 | $5.59B | -73.1% | $-2,651,000,000 | -47.4% | $-8,865,000,000 | -158.5% |
| 2019 | $20.82B | +10.3% | $7.92B | 38.0% | $3.28B | 15.7% |
| 2018 | $18.88B | +7.8% | $7.79B | 41.3% | $3.33B | 17.6% |
| 2017 | $17.51B | +6.8% | $7.01B | 40.0% | $2.81B | 16.0% |
| 2016 | $16.39B | +4.3% | $7.01B | 42.7% | $3.07B | 18.7% |
Full CCL Stock Analysis
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Start ComparisonCCL — Frequently Asked Questions
Quick answers to the most common questions about buying CCL stock.
Is CCL's revenue growth accelerating or slowing?
CCL maintains +6.6% revenue growth, in line with its 5-year CAGR of +36.6%. TTM revenue stands at $26.6B. Growth rate remains consistent with historical average.
What is CCL's long-term revenue growth rate?
Carnival Corporation & plc's 5-year revenue CAGR of +36.6% reflects the sustained expansion pattern. Current YoY growth of +6.6% is near this long-term average.
How is CCL's revenue distributed by segment?
CCL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.