Financial Performance
5Y price score: 11
The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.
A score of 100 indicates that the stock did as well as the S&P 500 Index.
A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.
10Y return: (28.9)%
US$ Per
Share
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23.4
52-week range
34.0
Your model inputs
Your fair value & Margin of safety
To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.
Forecast:
Valuation
Free Cash Flow Yield
8.8 %
Dividend Yield TTM
1.7 %
Market cap $
$ 35,803
Price / Earnings TTM
11.8
Price / Book TTM
2.8
PEG TTM
(1.6)
Earnings growth and return
LTM
5YR
10YR
Total return (price & dividends)
(16.4) %
8.4 %
(28.9) %
Free cash flow per share growth
14.9 %
114.5 %
(35.6) %
Earnings per share growth
(7.1) %
115.3 %
(10.6) %
Founded: 1,972
Employees: 2,321
Business Summary:
Latest Earnings Call Takeaways
2026 Q2 (Jun 23, 2026)
1) Strong Financial Performance
- Record second quarter net income of $569 million, up over 20% YoY despite a nearly 30% increase in fuel prices.
- Outperformed March guidance by $100 million, driven by strong commercial execution and cost efficiency.
- Customer deposits reached an all-time high of $9 billion.
- Yields increased by 2.2% YoY, marking the 12th consecutive quarter of record yields.
2) Operational Challenges and Cost Management
- Geopolitical volatility and high fuel prices impacted operations, particularly in European deployments.
- Despite these challenges, unit operating costs remained flat, outperforming guidance by 2.5 percentage points.
- Fuel efficiency improved by over 5%, building on last year's gains.
- The company anticipates that the current moderation in performance is transitory, with expectations for normalization as conditions improve.
3) Strategic Investments and Fleet Modernization
- Continued disciplined fleet investments with orders for three new Princess Cruises ships scheduled for delivery in 2035, 2038, and 2039.
- Focus on modernization programs, including the Holland America Evolution program, to enhance guest experiences and operational efficiencies.
- Investments in exclusive destinations like Celebration Key and RelaxAway Half Moon Cay are expected to drive demand and enhance guest experiences.
4) Future Guidance and Market Outlook
- Full-year EPS guidance raised to $2.22, reflecting the impact of share repurchases.
- Yield growth for 2026 revised to approximately 2.25%, with expectations for record yields in the second half of the year.
- Strong bookings for 2027 are already ahead of last year, particularly in European deployments, indicating confidence in long-term demand.
- The company plans to return $1.3 billion to shareholders through dividends and share repurchases, while continuing to invest in growth opportunities.
5) Conclusion and Missing Information
- The call provided a comprehensive overview of the company's performance, strategic initiatives, and outlook. However, specific details regarding the impact of the loyalty program on future yields and the exact split of 2027 bookings between first and second half were not disclosed.
Bottom line: Carnival Corporation demonstrated robust financial performance in Q2 2026, navigating operational challenges effectively while positioning itself for future growth through strategic investments and strong booking trends. The company remains committed to delivering long-term value for shareholders amidst a complex geopolitical landscape.
Annual Reports, Presentations And IR Contacts
Go to the websiteCarnival Corporation — Financial Overview, Stock Price, Market Cap
Carnival Corporation is a company. Founded in 1972. As of August 26, 2026, the company's market capitalization is $35802627971 with a current stock price of $26.14.