Q3 FY26 · Ended Aug 31, 2026 · View SEC filing
One summer quarter earns half a year's profit
Peak prices and full ships concentrate earnings here, so a cost shock this quarter weighs on the whole year.
For investorsWhat Carnival's profit engine depends on from here
For foundersThe playbook behind getting paid before you deliver
Ships used less fuel per berth, yet a dearer ton lifted the fuel bill and pulled operating margin lower.
Onboard revenue grew far faster than ticket revenue, while the direct cost of serving it rose only slightly.
Operating income fell 2.25%, yet pre-tax income rose 4.25% as interest and refinancing costs shrank.
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Business Lens describes Carnival Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
