LSE$CUK

Carnival · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Carnival reported Q2 2025, revenue of $5.80B, net income of $565M, diluted EPS of $0.42.

For Q2 2025, Carnival reported revenue of $5.80B, net income of $565M, diluted EPS was $0.42. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Revenue $5.80B.
  • Net income $565M.
  • Diluted EPS $0.42.
  • Carnival MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$6.33B

No prior period
EPS (adj)

$0.42

No prior period
Occupancy Percentage

0.0%

No prior period
Fuel per ALBD (MT)

0

No prior period
Customer Deposits

$8.5B

No prior period
Capital Expenditures

-$1.46B

No prior period
Free Cash Flow

-$893M

No prior period
Net Income

$565M

No prior period
Operating Income

$934M

No prior period
Gross Profit

$2.44B

No prior period
Cash & Equivalents

$2.15B

No prior period
Total Assets

$51.2B

No prior period

Revenue & EPS history

Carnival · Revenue · Quarterly

$6.33B

Q2 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Revenue by segment

Carnival · $4.31B total across 2 segments · Q3 2022

  • Passenger Ticket
    $2.6B
  • Onboard and Other
    $1.71B

Forward guidance

Management discusses operational priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Execution on core operating metrics cited in MD&A.
  • Balance sheet liquidity and covenant headroom.
  • Strategic investments supporting long-term growth.

Headwinds

  • Macro demand and input-cost volatility.
  • Regulatory or competitive pressures in the sector.
  • One-time items affecting GAAP comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.4%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+1.8%

Avg return

30 days after

64%

21 / 33 earnings

Positive

+19.5%

Q4 2025

Best reaction

-25.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+1.5%
Q4 2025+19.5%+18.2%+9.0%
Q3 2025-4.8%-4.8%-8.6%
Q2 2025+11.1%+14.8%+25.8%
Q1 2025-2.0%-1.0%-14.8%
Q4 2024+2.2%+1.8%+2.5%
Q3 2024-3.4%-3.0%+19.1%
Q1 2024-4.3%-5.0%-11.6%
Q4 2023+4.5%+2.6%-4.7%
Q3 2023-5.7%-9.1%-21.9%
Q2 2023+0.1%+18.9%+12.8%
Q1 2023+0.6%+10.8%-4.4%
Q4 2022-2.8%-3.2%+31.2%
Q3 2022-25.4%-18.5%-1.1%
Q2 2022+9.7%-7.3%-6.1%
Q1 2022-3.6%-3.7%+2.2%
Q4 2021+12.4%+16.9%+17.3%
Q3 2021+6.8%+3.4%-9.5%
Q2 2021-1.8%-6.4%-18.5%
Q4 2017+1.7%-0.0%+5.0%
Q3 2017+0.5%+1.1%+4.8%
Q2 2017-0.3%-1.7%+0.9%
Q1 2017+0.1%+0.3%+5.2%
Q4 2016+2.9%+2.7%+3.1%
Q3 2016+3.1%+3.6%-1.0%
Q2 2016+2.7%+4.3%+9.3%
Q1 2016+5.8%
Q4 2015+7.0%
Q3 2015-2.4%
Q2 2015+0.3%
Q1 2015+8.5%
Q1 2014-5.1%
Q4 2013+8.0%

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