Carnival annual operating expenses
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Carnival Operating Expenses Growth & History (CCL)
Carnival's operating expenses was $15.95B for fiscal 2025.
View full Carnival company overviewCarnival annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | $15.95B | −$5.50B | −25.64% |
| 2024 | 2024-11-30 | $21.45B | $1.81B | +9.22% |
| 2023 | 2023-11-30 | $19.64B | $3.09B | +18.67% |
| 2022 | 2022-11-30 | $16.55B | $7.55B | +83.92% |
| 2021 | 2021-11-30 | $9.00B | −$5.46B | −37.78% |
| 2020 | 2020-11-30 | $14.46B | −$3.09B | −17.60% |
| 2019 | 2019-11-30 | $17.55B | $1.99B | +12.81% |
| 2018 | 2018-11-30 | $15.56B | $855.0M | +5.82% |
| 2017 | 2017-11-30 | $14.70B | $1.38B | +10.38% |
| 2016 | 2016-11-30 | $13.32B | $178.0M | +1.35% |
| 2015 | 2015-11-30 | $13.14B | −$972.0M | −6.89% |
| 2014 | 2014-11-30 | $14.11B | — | — |
| 2009 | 2009-11-30 | $11.00B | −$914.0M | −7.67% |
| 2008 | 2008-11-30 | $11.92B | $1.61B | +15.61% |
| 2007 | 2007-11-30 | $10.31B | — | — |
Carnival quarterly operating expenses
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Q1.09
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Q4.14
Q3.15
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Q1.16
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Q3.17
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Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
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Q1.24
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Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | $4.22B | −$1.17B | −21.67% |
| Q1 2026 | 2026-02-28 | $3.94B | −$1.33B | −25.23% |
| Q4 2025 | 2025-11-30 | $900.0M | −$4.48B | −83.26% |
| Q3 2025 | 2025-08-31 | $4.38B | −$1.33B | −23.31% |
| Q2 2025 | 2025-05-31 | $5.39B | $173.0M | +3.31% |
| Q1 2025 | 2025-02-28 | $5.27B | $137.0M | +2.67% |
| Q4 2024 | 2024-11-30 | $5.38B | $365.0M | +7.28% |
| Q3 2024 | 2024-08-31 | $5.72B | $488.0M | +9.33% |
| Q2 2024 | 2024-05-31 | $5.22B | $430.0M | +8.98% |
| Q1 2024 | 2024-02-29 | $5.13B | $527.0M | +11.45% |
| Q4 2023 | 2023-11-30 | $5.01B | $38.0M | +0.76% |
| Q3 2023 | 2023-08-31 | $5.23B | $645.0M | +14.07% |
| Q2 2023 | 2023-05-31 | $4.79B | $917.0M | +23.67% |
| Q1 2023 | 2023-02-28 | $4.60B | $1.49B | +47.85% |
| Q4 2022 | 2022-11-30 | $4.97B | $1.79B | +56.42% |
| Q3 2022 | 2022-08-31 | $4.58B | $1.98B | +76.14% |
| Q2 2022 | 2022-05-31 | $3.87B | $2.21B | +132.67% |
| Q1 2022 | 2022-02-28 | $3.11B | $1.56B | +101.03% |
| Q4 2021 | 2021-11-30 | $3.18B | $1.50B | +89.74% |
| Q3 2021 | 2021-08-31 | $2.60B | $239.0M | +10.11% |
| Q2 2021 | 2021-05-31 | $1.67B | −$3.25B | −66.14% |
| Q1 2021 | 2021-02-28 | $1.55B | −$3.95B | −71.85% |
| Q4 2020 | 2020-11-30 | $1.68B | −$2.62B | −60.99% |
| Q3 2020 | 2020-08-31 | $2.36B | −$2.28B | −49.08% |
| Q2 2020 | 2020-05-31 | $4.92B | $595.0M | +13.76% |
| Q1 2020 | 2020-02-29 | $5.50B | $1.22B | +28.34% |
| Q4 2019 | 2019-11-30 | $4.30B | $393.0M | +10.07% |
| Q3 2019 | 2019-08-31 | $4.64B | $601.0M | +14.87% |
| Q2 2019 | 2019-05-31 | $4.32B | $525.0M | +13.82% |
| Q1 2019 | 2019-02-28 | $4.29B | $474.0M | +12.43% |
| Q4 2018 | 2018-11-30 | $3.90B | $192.0M | +5.17% |
| Q3 2018 | 2018-08-31 | $4.04B | −$80.0M | −1.94% |
| Q2 2018 | 2018-05-31 | $3.80B | $353.0M | +10.25% |
| Q1 2018 | 2018-02-28 | $3.81B | $390.0M | +11.39% |
| Q4 2017 | 2017-11-30 | $3.71B | $372.0M | +11.14% |
| Q3 2017 | 2017-08-31 | $4.12B | $587.0M | +16.61% |
| Q2 2017 | 2017-05-31 | $3.44B | $218.0M | +6.76% |
| Q1 2017 | 2017-02-28 | $3.42B | $206.0M | +6.40% |
| Q4 2016 | 2016-11-30 | $3.34B | −$4.72B | −58.57% |
| Q3 2016 | 2016-08-31 | $3.54B | $162.0M | +4.80% |
| Q2 2016 | 2016-05-31 | $3.23B | — | — |
| Q1 2016 | 2016-02-29 | $3.22B | — | — |
| Q4 2015 | 2015-11-30 | $8.06B | −$4.88B | −37.72% |
| Q3 2015 | 2015-08-31 | $3.37B | — | — |
| Q4 2014 | 2014-11-30 | $12.94B | — | — |
| Q2 2010 | 2010-05-31 | $2.85B | $251.0M | +9.67% |
| Q1 2010 | 2010-02-28 | $2.84B | $287.0M | +11.24% |
| Q4 2009 | 2009-11-30 | $2.91B | — | — |
| Q3 2009 | 2009-08-31 | $2.94B | −$386.0M | −11.60% |
| Q2 2009 | 2009-05-31 | $2.60B | — | — |
| Q1 2009 | 2009-02-28 | $2.55B | — | — |
| Q3 2008 | 2008-08-31 | $3.33B | — | — |
Carnival operating expenses trends
Over the last five fiscal years, Carnival's operating expenses increased from $14.46B to $15.95B, a change of $1.49B. The latest reported quarter, Q2 2026, shows $4.22B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Carnival source filings ↗