NYSE$CCL
Carnival Corp · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Carnival reported Q2 2025 revenue of $6.33B with net income of $565M and diluted EPS of $0.42.
Revenue reached $6.33 billion as occupancy and onboard spending improved versus the prior year. Net income was $565 million; diluted EPS was $0.42. Management highlighted yield management, debt reduction, and strong advance bookings.
- Q2 revenue $6.33B.
- Net income $565M; diluted EPS $0.42.
- Passenger ticket and onboard revenue growth.
- Fuel costs and interest expense remain headwinds.
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 quarterly filing discusses operating priorities, liquidity, and sector risks.
Tailwinds
- MD&A outlines strategic priorities and capital allocation.
- Segment commentary supports the earnings narrative.
Headwinds
- Macro, rates, or input costs may pressure margins.
- One-time items can affect year-over-year comparability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
-0.3%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+0.2%
Avg return
30 days after
44%
32 / 72 earnings
Positive
+29.0%
Q1 2020
Best reaction
-25.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | -3.1% | — | |
| Q4 2025 | +9.7% | +10.3% | +2.0% | |
| Q3 2025 | -4.0% | -6.7% | -9.0% | |
| Q2 2025 | -1.2% | +0.8% | +3.2% | |
| Q1 2025 | -1.2% | -1.3% | -15.1% | |
| Q4 2024 | +2.2% | +2.4% | +2.7% | |
| Q3 2024 | -2.8% | -2.8% | +19.5% | |
| Q2 2024 | +12.1% | +14.2% | +4.3% | |
| Q1 2024 | -4.1% | -4.5% | -11.5% | |
| Q4 2023 | +4.8% | +3.0% | -4.1% | |
| Q3 2023 | -5.5% | -9.3% | -22.9% | |
| Q2 2023 | +0.6% | +19.2% | +11.7% | |
| Q1 2023 | +1.1% | +10.0% | -5.1% | |
| Q4 2022 | -2.7% | -3.6% | +29.3% | |
| Q3 2022 | -25.2% | -18.9% | -2.4% | |
| Q2 2022 | +9.3% | -8.1% | -4.0% | |
| Q1 2022 | -3.4% | -3.0% | +3.0% | |
| Q4 2021 | +12.4% | +16.0% | +16.1% | |
| Q3 2021 | +6.8% | +3.4% | -9.7% | |
| Q2 2021 | -0.1% | -8.4% | -22.0% | |
| Q1 2021 | -0.1% | -3.0% | -6.4% | |
| Q4 2020 | -1.2% | -2.9% | +32.5% | |
| Q3 2020 | -1.9% | -12.3% | -13.6% | |
| Q2 2020 | +4.8% | +19.9% | -2.5% | |
| Q1 2020 | +29.0% | +47.1% | +35.1% | |
| Q4 2019 | +9.9% | +9.2% | +11.3% | |
| Q3 2019 | -9.3% | -11.6% | -7.3% | |
| Q2 2019 | -11.8% | -14.0% | -14.7% | |
| Q1 2019 | -10.6% | -10.5% | -5.0% | |
| Q4 2018 | -13.0% | -16.0% | -0.2% | |
| Q3 2018 | -4.8% | -5.8% | -19.0% | |
| Q2 2018 | -5.9% | -9.8% | -9.1% | |
| Q1 2018 | -4.0% | -2.0% | -1.8% | |
| Q4 2017 | +1.7% | -0.4% | +3.6% | |
| Q3 2017 | +0.3% | +1.7% | +4.9% | |
| Q2 2017 | +0.0% | -2.1% | +0.9% | |
| Q1 2017 | +0.2% | +0.1% | +3.6% | |
| Q4 2016 | +3.4% | +3.3% | +4.2% | |
| Q3 2016 | +2.3% | +3.3% | -0.2% | |
| Q2 2016 | +1.9% | +2.8% | +6.6% | |
| Q1 2016 | +6.3% | — | — | |
| Q4 2015 | +6.9% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | +7.4% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -2.3% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | +4.7% | — | — | |
| Q3 2013 | -12.6% | — | — | |
| Q2 2013 | +4.7% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | -5.2% | — | — | |
| Q3 2012 | -0.6% | — | — | |
| Q2 2012 | -3.1% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | -0.9% | — | — | |
| Q3 2011 | -7.7% | — | — | |
| Q2 2011 | +1.9% | — | — | |
| Q1 2011 | -6.3% | — | — | |
| Q4 2010 | +2.6% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q2 2010 | +1.3% | — | — | |
| Q1 2009 | +1.3% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | -0.8% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q3 2008 | -2.5% | — | — | |
| Q3 2009 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — |
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