Why did Carnival Corporation (CCL) stock move recently?

On 7/28/2026, Carnival Corporation moved +4.1% — CCL rose with cruise peers on positive sentiment from lower oil prices (reducing fuel costs) and easing geopolitical fears supporting travel demand. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Carnival Corporation (CCL) overvalued or fairly valued?

MarketChacha shows Carnival Corporation's valuation in context — a trailing P/E of about 10.1, a forward P/E of about 8.9, a price-to-book of about 2.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Carnival Corporation's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.57×) from reported figures — education, not a rating.

What is Carnival Corporation's revenue?

Carnival Corporation reported revenue of $26.6B for FY2025, with net profit of $2.8B, per official filings.

What is the share price of Carnival Corporation (CCL)?

Carnival Corporation last traded at $23.51 (+0.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Carnival Corporation

CCL · NYSE · Consumer Discretionary · United States

Snapshot

TickerCCL

ExchangeNYSE

SectorConsumer Discretionary

IndustryTravel Services

CountryUnited States

Employees160,000

HeadquartersMiami, United States

Websitewww.carnivalcorp.com

Filings tracked18

About Carnival Corporation

Carnival Corporation Ltd., a cruise company, provides leisure travel services. The company operates through four segments: North America Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations and islands, as well as owns and operates hotels, lodges, glass-domed railcars, and motorcoaches. The company offers its services under the AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises (Australia), P&O Cruises (UK), Princess Cruises, and Seabourn brands. It sells its cruises through travel agents, tour operators, vacation planners, websites, and onboard future cruise consultants. Carnival Corporation Ltd. was founded in 1972 and is headquartered in Miami, Florida.

Who owns it

Insiders7.1%
Institutions71.7%
Public & other21.2%

1,428 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.03%
Vanguard Capital Management LLC6.04%
Vanguard Portfolio Management LLC4.56%
State Street Corporation4.25%
Causeway Capital Management LLC3.01%
Geode Capital Management, LLC2.66%
FMR, LLC2.61%
Barrow, Hanley Mewhinney & Strauss, LLC2.01%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion3.57×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-0.3% → 10.4%

Margin has expanded by about 10.7 points — the business is getting more profitable.

Return on equity22.5%

Latest ROE of 22.5% — capital is generating a healthy return.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.4B · EPS 0.28

Est. earnings growth -18.5%

Next fiscal year

Rev $28.6B · EPS 2.64

Est. earnings growth +17.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$26.6B

Net margin

10.4%

ROE

22.5%

Revenue CAGR (2y)

+11.0%

EPS (FY2025)

2.02

Net profit (FY2025)

$2.8B

Ask MarketChacha about CCL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 28, 2026
CCL rose with cruise peers on positive sentiment from lower oil prices (reducing fuel costs) and easing geopolitical fears supporting travel demand.
source 1 ↗· confidence: medium
Jul 27, 2026
No specific company catalyst identified for the July 27 move; CCL rose alongside broader market or cruise sector sentiment supported by ongoing strong booking trends and 2026 outlook commentary from prior weeks.
· confidence: low
Jul 24, 2026
CCL rose on positive sentiment from the recent unveiling of its first Ace Class ship (Carnival Destiny), which highlighted future growth and fleet expansion amid a broader consumer cyclical rally.
source 1 ↗source 2 ↗· confidence: medium
Jul 23, 2026
CCL fell 3.18% with no company-specific catalyst reported in today's coverage; the move appears to reflect broader market or sector sentiment.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$26.6B	$2.8B	2.02	10.4%	22.5%
FY2024	$25.0B	$1.9B	1.44	7.7%	20.7%
FY2023	$21.6B	$-74.0M	-0.06	-0.3%	-1.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$6.7B	$537.0M	0.39	8.1%
2026Q1	$6.2B	$258.0M	0.19	4.2%
2025Q3	$8.2B	$1.9B	1.33	22.7%
2025Q2	$6.3B	$565.0M	0.42	8.9%
2025Q1	$5.8B	$-78.0M	-0.06	-1.3%
2024Q3	$7.9B	$1.7B	1.26	22.0%
2024Q2	$5.8B	$92.0M	0.07	1.6%
2024Q1	$5.4B	$-214.0M	-0.17	-4.0%
2023Q3	$6.9B	$1.1B	0.79	15.7%
2023Q2	$4.9B	$-407.0M	-0.32	-8.3%
2023Q1	$4.4B	$-693.0M	-0.55	-15.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Reg FD disclosure
SEC8/5/2026material
10-Q filing
SEC6/26/2026
8-K — Results of operations, Exhibits
SEC6/23/2026material
8-K — Termination of agreement, Completion of acquisition/disposition, Delisting notice, Unregistered equity sale, Security holder rights, Change in control, Bylaw/charter change, Reg FD disclosure, Exhibits
SEC5/7/2026material
8-K — Shareholder vote results
SEC4/20/2026material
8-K — Results of operations, Exhibits
SEC3/27/2026material
10-Q filing
SEC3/27/2026
8-K — Material agreement, Exhibits
SEC2/20/2026material
8-K — Material agreement, Security holder rights, Exhibits
SEC2/12/2026material
10-K filing
SEC1/27/2026

2025

8-K — Results of operations, Exhibits
SEC12/19/2025material
8-K — Material agreement, Material financial obligation, Reg FD disclosure, Exhibits
SEC10/15/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/30/2025material
8-K — Reg FD disclosure, Exhibits
SEC9/30/2025material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC9/29/2025material
10-Q filing
SEC9/29/2025
8-K — Reg FD disclosure
SEC8/19/2025material
8-K — Executive/director change
SEC8/8/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.