Capital Expenditures for Carnival Corporation (CCL)
According to Carnival Corporation's latest reported financial statements, the company's current capital expenditures (TTM) is $3.57B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.57B
YoY change
-21.9%
5Y CAGR
-0.0%
Peak year (2019)
$5.43B
Cumulative capital expenditures
$84.43B
CapEx history chart for Carnival Corporation (CCL) from 1991 to 2025
CapEx history table for Carnival Corporation (CCL) from 1991 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $3.61B | -21.9% | ||
| 2024 | $4.63B | +40.9% | ||
| 2023 | $3.28B | -33.5% | ||
| 2022 | $4.94B | +37.0% | ||
| 2021 | $3.61B | -0.4% | ||
| 2020 | $3.62B | -33.3% | ||
| 2019 | $5.43B | +44.8% | ||
| 2018 | $3.75B | +27.3% | ||
| 2017 | $2.94B | -3.9% | ||
| 2016 | $3.06B | +33.5% | ||
| 2015 | $2.29B | -11.2% | ||
| 2014 | $2.58B | +20.2% | ||
| 2013 | $2.15B | -7.8% | ||
| 2012 | $2.33B | -13.5% | ||
| 2011 | $2.70B | -24.7% | ||
| 2010 | $3.58B | +5.9% | ||
| 2009 | $3.38B | +0.8% | ||
| 2008 | $3.35B | +1.2% | ||
| 2007 | $3.31B | +33.5% | ||
| 2006 | $2.48B | +25.4% | ||
| 2005 | $1.98B | -44.9% | ||
| 2004 | $3.59B | +42.5% | ||
| 2003 | $2.52B | +26.7% | ||
| 2002 | $1.99B | +140.3% | ||
| 2001 | $826.57M | -21.6% | ||
| 2000 | $1.05B | +20.8% | ||
| 1999 | $872.98M | -24.1% | ||
| 1998 | $1.15B | +131.2% | ||
| 1997 | $497.66M | -44.8% | ||
| 1996 | $901.90M | +86.4% | ||
| 1995 | $483.90M | -18.6% | ||
| 1994 | $594.79M | -16.6% | ||
| 1993 | $712.80M | +490.1% | ||
| 1992 | $120.80M | +3.5% | ||
| 1991 | $116.70M | — |
CapEx values are taken from Carnival Corporation's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Carnival Corporation (CCL) capital expenditures totalled $3.61B – declined 21.9% year-over-year.
Carnival Corporation capital expenditures has contracted on net over the period, with a -0.0% compound annual growth rate over 2020–2025 (5 years).
Carnival Corporation capital expenditures peaked at $5.43B in 2019; the latest annual figure is $3.61B in 2025 (33.5% below peak).
2019 marks the peak capital expenditures at $5.43B, with the historical low of $116.70M recorded in 1991.
Within Consumer Cyclical, Carnival Corporation (CCL) ranks 5th among 8 peers we track. The peer median for capital expenditures is $3.52B.
Carnival Corporation Capital Expenditures by Year
Carnival Corporation Capital Expenditures 2025: $3.61B
Carnival Corporation capital expenditures in 2025 was $3.61B, declined 21.9% below 2024.
Carnival Corporation Capital Expenditures 2024: $4.63B
Carnival Corporation capital expenditures in 2024 was $4.63B, surged 40.9% from 2023.
Carnival Corporation Capital Expenditures 2023: $3.28B
Carnival Corporation capital expenditures in 2023 was $3.28B, plunged 33.5% below 2022.
Carnival Corporation Capital Expenditures 2022: $4.94B
Carnival Corporation capital expenditures in 2022 was $4.94B, surged 37.0% from 2021.
Carnival Corporation Capital Expenditures 2021: $3.61B
Carnival Corporation capital expenditures in 2021 was $3.61B.
See more financial history for Carnival Corporation (CCL).
Sector peers — CapEx
Companies in the same sector as Carnival Corporation, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is Carnival Corporation's capital expenditures?
- Latest reported capital expenditures for Carnival Corporation (CCL) is $3.57B (period ending February 28, 2026).
How has Carnival Corporation capital expenditures changed year-over-year?
- Carnival Corporation (CCL) capital expenditures changed -21.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Carnival Corporation capital expenditures?
- Carnival Corporation (CCL) capital expenditures compound annual growth rate is -0.0% over the most recent 5 years available.
When did Carnival Corporation capital expenditures hit its highest annual value?
- Carnival Corporation capital expenditures reached its highest annual value of $5.43B in 2019.
What was Carnival Corporation capital expenditures in 2024?
- Carnival Corporation (CCL) capital expenditures in 2024 was $4.63B.
What was Carnival Corporation capital expenditures in 2025?
- Carnival Corporation (CCL) capital expenditures in 2025 was $3.61B.
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