LSE$CUK
Carnival · Q4 2025 earnings
Q4 2025 earnings · · Investor relations
Briefing
Carnival plc reported Q4 2025 revenue of $6.3B with net income of $422M and diluted EPS of $0.31.
Carnival plc’s fourth-quarter results mirror Carnival Corporation’s release: revenue of $6.3 billion, net income of $422 million, and diluted EPS of $0.31. Adjusted metrics and full-year records reflect the same operating momentum, capital returns, and 2026 earnings outlook discussed in the joint earnings materials.
- Q4 revenue $6.3B aligned with CCL operating company results.
- GAAP EPS $0.31; adjusted EPS $0.34.
- Record FY25 net yields and adjusted earnings growth.
- 2026 outlook targets double-digit earnings growth.
Headline financials
Revenue & EPS history
Carnival · Revenue · Quarterly
$6.33B
Revenue by segment
Carnival · $4.31B total across 2 segments · Q3 2022
- Passenger Ticket$2.6B—60.3%
- Onboard and Other$1.71B—39.7%
Forward guidance
The release discusses Carnival's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.
Tailwinds
- Carnival cites operational execution and demand trends supporting the outlook.
- Balance sheet and liquidity actions aim to fund growth and returns.
Headwinds
- Macro, pricing, and input-cost volatility could pressure margins.
- Segment mix and one-time items may affect quarter-to-quarter comparability.
- Fuel, labor, and macro travel or retail demand remain sensitivities.
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 Q4 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
| Quarter | Report date | Reaction (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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