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Operating Margin for Carnival Corporation (CCL)

As of · Reported

Metric

TTM

16.9%

YoY change

+2.56pp

Trough year (2021)

-371.5%

Peak year (1998)

29.8%

Operating Margin history chart for Carnival Corporation (CCL) from 1986 to 2025

Latest: 16.8%

Operating Margin change chart for Carnival Corporation (CCL) from 1986 to 2025

Latest: +2.56pp

Operating Margin history table for Carnival Corporation (CCL) from 1986 to 2025

  • 202516.8%+2.56pp
  • 202414.3%+5.23pp
  • 20239.1%+45.04pp
  • 2022-36.0%+335.56pp
  • 2021-371.5%-213.07pp
  • 2020-158.5%-174.20pp
  • 201915.7%-1.88pp
  • 201817.6%+1.57pp
  • 201716.0%-2.70pp
  • 201618.7%+2.36pp
  • 201516.4%+5.22pp
  • 201411.2%+2.56pp
  • 20138.6%-2.08pp
  • 201210.7%-3.60pp
  • 201114.3%-1.94pp
  • 201016.2%+0.22pp
  • 200916.0%-2.25pp
  • 200818.3%-2.65pp
  • 200720.9%-1.16pp
  • 200622.1%-1.72pp
  • 200523.8%+1.45pp
  • 200422.3%+1.86pp
  • 200320.5%-3.18pp
  • 200223.7%+4.05pp
  • 200119.6%-6.32pp
  • 200025.9%-3.14pp
  • 199929.1%-0.72pp
  • 199829.8%+0.62pp
  • 199729.2%+2.17pp
  • 199627.0%+2.48pp
  • 199524.5%-0.04pp
  • 199424.6%+2.23pp
  • 199322.3%+0.28pp
  • 199222.0%-0.44pp
  • 199122.5%+3.12pp
  • 199019.4%-1.61pp
  • 198921.0%-5.37pp
  • 198826.3%-0.62pp
  • 198727.0%+2.91pp
  • 198624.0%—

Operating Margin values are taken from Carnival Corporation's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at Carnival Corporation (CCL)

According to Carnival Corporation's latest reported financial statements, the company's latest reported operating margin is 16.9%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

As of the 2025 fiscal year, Carnival Corporation (CCL) reported operating margin of 16.84% – expanded 2.6 percentage points year-over-year.

29.79% stands as the all-time-high annual operating margin, posted in 1998, against a low of -371.54% during 2021.

Carnival Corporation Operating Margin by Year

Carnival Corporation Operating Margin 2025: 16.8%

In 2025, Carnival Corporation reported operating margin of 16.84%, expanded 2.6 percentage points from 2024.

Carnival Corporation Operating Margin 2024: 14.3%

Carnival Corporation operating margin in 2024 was 14.28%, expanded 5.2 percentage points from 2023.

Carnival Corporation Operating Margin 2023: 9.1%

2023's operating margin for Carnival Corporation came in at 9.06%, expanded 45.0 percentage points from 2022.

Carnival Corporation Operating Margin 2022: -36.0%

Carnival Corporation posted operating margin of -35.98% in 2022, expanded 335.6 percentage points from 2021.

Carnival Corporation Operating Margin 2021: -371.5%

Carnival Corporation operating margin in 2021 was -371.54%.

See more financial history for Carnival Corporation (CCL).

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