How does Carnival Corporation (CCL) make money?

Carnival Corporation (CCL) primarily makes money through Tour And Other, which accounts for 65.3% of total revenue. For TTM through Q1 2026, Carnival Corporation generated $26.98B in total revenue with a net profit margin of 11.5%.

What is Carnival Corporation (CCL) gross profit margin?

Carnival Corporation (CCL) reported a gross profit margin of 37.5% for TTM through Q1 2026, equivalent to $10.13B in gross profit. This means Carnival Corporation retains 37.5% of each revenue unit after direct costs of production.

What is Carnival Corporation (CCL) operating profit margin?

Carnival Corporation (CCL) reported an operating profit margin of 16.9% for TTM through Q1 2026, equivalent to $4.55B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Carnival Corporation (CCL) net profit margin?

Carnival Corporation (CCL) reported a net profit margin of 11.5% for TTM through Q1 2026, equivalent to $3.10B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Carnival Corporation (CCL) spend on capital expenditures?

Carnival Corporation (CCL) spent $3.57B on capital expenditures in TTM through Q1 2026 (13.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Carnival Corporation (CCL) free cash flow?

Carnival Corporation (CCL) generated $2.99B in free cash flow for TTM through Q1 2026 (11.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Carnival Corporation (CCL) effective tax rate?

Carnival Corporation (CCL) had an effective tax rate of 0.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How Carnival Corporation (CCL) Makes Money: A Visual Guide

Carnival Corporation (CCL) generated $26.98B in revenue, earning $3.10B in net profit (11.5% margin). Its largest revenue source is Tour And Other (65.3% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Carnival Corporation (CCL) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending February 28, 2026 (reported March 27, 2026).

Frequently asked questions

How does Carnival Corporation (CCL) make money?: Carnival Corporation (CCL) primarily makes money through Tour And Other, which accounts for 65.3% of total revenue. For TTM through Q1 2026, Carnival Corporation generated $26.98B in total revenue with a net profit margin of 11.5%.
What is Carnival Corporation (CCL) gross profit margin?: Carnival Corporation (CCL) reported a gross profit margin of 37.5% for TTM through Q1 2026, equivalent to $10.13B in gross profit. This means Carnival Corporation retains 37.5% of each revenue unit after direct costs of production.
What is Carnival Corporation (CCL) operating profit margin?: Carnival Corporation (CCL) reported an operating profit margin of 16.9% for TTM through Q1 2026, equivalent to $4.55B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Carnival Corporation (CCL) net profit margin?: Carnival Corporation (CCL) reported a net profit margin of 11.5% for TTM through Q1 2026, equivalent to $3.10B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Carnival Corporation (CCL) spend on capital expenditures?: Carnival Corporation (CCL) spent $3.57B on capital expenditures in TTM through Q1 2026 (13.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Carnival Corporation (CCL) free cash flow?: Carnival Corporation (CCL) generated $2.99B in free cash flow for TTM through Q1 2026 (11.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Carnival Corporation (CCL) effective tax rate?: Carnival Corporation (CCL) had an effective tax rate of 0.7% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.