Carnival Corp. (CCL) Tops Q4 EPS by 9c, Misses on Revenue; Offers Guidance

Carnival Corp. (NYSE: CCL) reported Q4 EPS of $0.34, $0.09 better than the analyst estimate of $0.25. Revenue for the quarter came in at $6.3 billion versus the consensus estimate of $6.37 billion.\

For the full year 2026, the company expects:

Adjusted net income up approximately 12 percent compared to record 2025 on less than one percent capacity growth.
Net yields (in constant currency) up approximately 2.5 percent compared to record 2025 levels. Net yields (in constant currency) up approximately 3.0 percent after normalizing for the accounting treatment for Carnival Cruise Line\'s new loyalty program and the impact of the close-in redeployment of first quarter voyages from the Arabian Gulf.
Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 3.25 percent compared to 2025. Adjusted cruise costs excluding fuel per ALBD (in constant currency) up approximately 2.5 percent after normalizing for the partial year of operating expenses from Celebration Key, Grand Bahama and RelaxAway, Half Moon Cay and the timing of certain expenses between the years.

For earnings history and earnings-related data on Carnival Corp. (CCL) click here.

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