Carnival annual return on equity
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Carnival Return on Equity (ROE) Growth & History (CCL)
Carnival's return on equity was 25.65% for fiscal 2025.
View full Carnival company overviewCarnival annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-11-30 | 25.65% | +1.90 pp |
| 2024 | 2024-11-30 | 23.75% | +24.81 pp |
| 2023 | 2023-11-30 | −1.06% | +62.38 pp |
| 2022 | 2022-11-30 | −63.44% | −5.33 pp |
| 2021 | 2021-11-30 | −58.11% | −13.53 pp |
| 2020 | 2020-11-30 | −44.58% | −56.59 pp |
| 2019 | 2019-11-30 | 12.01% | −0.95 pp |
| 2018 | 2018-11-30 | 12.96% | +1.82 pp |
| 2017 | 2017-11-30 | 11.13% | −0.85 pp |
| 2016 | 2016-11-30 | 11.99% | +4.66 pp |
| 2015 | 2015-11-30 | 7.32% | +2.33 pp |
| 2014 | 2014-11-30 | 4.99% | +0.63 pp |
| 2013 | 2013-11-30 | 4.36% | −1.08 pp |
| 2012 | 2012-11-30 | 5.44% | −2.72 pp |
| 2011 | 2011-11-30 | 8.16% | −0.62 pp |
| 2010 | 2010-11-30 | 8.78% | +0.08 pp |
| 2009 | 2009-11-30 | 8.69% | −3.17 pp |
| 2008 | 2008-11-30 | 11.87% | — |
Carnival quarterly return on equity
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-05-31 | 4.13% | −1.76 pp |
| Q1 2026 | 2026-02-28 | 2.04% | +2.89 pp |
| Q4 2025 | 2025-11-30 | 3.48% | +0.08 pp |
| Q3 2025 | 2025-08-31 | 16.89% | −5.63 pp |
| Q2 2025 | 2025-05-31 | 5.89% | +4.53 pp |
| Q1 2025 | 2025-02-28 | −0.85% | +2.31 pp |
| Q4 2024 | 2024-11-30 | 3.40% | +4.09 pp |
| Q3 2024 | 2024-08-31 | 22.52% | +5.77 pp |
| Q2 2024 | 2024-05-31 | 1.36% | +8.13 pp |
| Q1 2024 | 2024-02-29 | −3.16% | +7.32 pp |
| Q4 2023 | 2023-11-30 | −0.69% | +20.00 pp |
| Q3 2023 | 2023-08-31 | 16.75% | +26.00 pp |
| Q2 2023 | 2023-05-31 | −6.76% | +12.99 pp |
| Q1 2023 | 2023-02-28 | −10.47% | +6.37 pp |
| Q4 2022 | 2022-11-30 | −20.69% | −1.29 pp |
| Q3 2022 | 2022-08-31 | −9.26% | +8.07 pp |
| Q2 2022 | 2022-05-31 | −19.75% | −8.76 pp |
| Q1 2022 | 2022-02-28 | −16.84% | −7.07 pp |
| Q4 2021 | 2021-11-30 | −19.40% | −8.30 pp |
| Q3 2021 | 2021-08-31 | −17.32% | −3.16 pp |
| Q2 2021 | 2021-05-31 | −11.00% | +8.39 pp |
| Q1 2021 | 2021-02-28 | −9.78% | −6.63 pp |
| Q4 2020 | 2020-11-30 | −11.10% | −12.77 pp |
| Q3 2020 | 2020-08-31 | −14.17% | −21.37 pp |
| Q2 2020 | 2020-05-31 | −19.38% | −21.25 pp |
| Q1 2020 | 2020-02-29 | −3.15% | −4.53 pp |
| Q4 2019 | 2019-11-30 | 1.67% | −0.34 pp |
| Q3 2019 | 2019-08-31 | 7.21% | +0.18 pp |
| Q2 2019 | 2019-05-31 | 1.87% | −0.46 pp |
| Q1 2019 | 2019-02-28 | 1.38% | −0.23 pp |
| Q4 2018 | 2018-11-30 | 2.01% | −0.25 pp |
| Q3 2018 | 2018-08-31 | 7.03% | +1.39 pp |
| Q2 2018 | 2018-05-31 | 2.32% | +0.66 pp |
| Q1 2018 | 2018-02-28 | 1.61% | +0.05 pp |
| Q4 2017 | 2017-11-30 | 2.26% | −0.42 pp |
| Q3 2017 | 2017-08-31 | 5.64% | −0.59 pp |
| Q2 2017 | 2017-05-31 | 1.66% | −1.00 pp |
| Q1 2017 | 2017-02-28 | 1.56% | +0.94 pp |
| Q4 2016 | 2016-11-30 | 2.67% | +1.55 pp |
| Q3 2016 | 2016-08-31 | 6.23% | +1.12 pp |
| Q2 2016 | 2016-05-31 | 2.66% | +1.71 pp |
| Q1 2016 | 2016-02-29 | 0.61% | +0.41 pp |
| Q4 2015 | 2015-11-30 | 1.12% | +1.54 pp |
| Q3 2015 | 2015-08-31 | 5.11% | +0.10 pp |
| Q2 2015 | 2015-05-31 | 0.95% | +0.55 pp |
| Q1 2015 | 2015-02-28 | 0.21% | +0.29 pp |
| Q4 2014 | 2014-11-30 | −0.42% | −0.59 pp |
| Q3 2014 | 2014-08-31 | 5.01% | +1.08 pp |
| Q2 2014 | 2014-05-31 | 0.40% | +0.23 pp |
| Q1 2014 | 2014-02-28 | −0.08% | −0.24 pp |
| Q4 2013 | 2013-11-30 | 0.18% | −0.21 pp |
| Q3 2013 | 2013-08-31 | 3.93% | −1.70 pp |
| Q2 2013 | 2013-05-31 | 0.18% | +0.12 pp |
| Q1 2013 | 2013-02-28 | 0.16% | +0.74 pp |
| Q4 2012 | 2012-11-30 | 0.39% | −0.51 pp |
| Q3 2012 | 2012-08-31 | 5.63% | +0.13 pp |
| Q2 2012 | 2012-05-31 | 0.06% | −0.81 pp |
| Q1 2012 | 2012-02-29 | −0.59% | −1.24 pp |
| Q4 2011 | 2011-11-30 | 0.89% | −0.19 pp |
| Q3 2011 | 2011-08-31 | 5.50% | −0.49 pp |
| Q2 2011 | 2011-05-31 | 0.87% | −0.32 pp |
| Q1 2011 | 2011-02-28 | 0.65% | −0.15 pp |
| Q4 2010 | 2010-11-30 | 1.09% | +0.20 pp |
| Q3 2010 | 2010-08-31 | 6.00% | +0.72 pp |
| Q2 2010 | 2010-05-31 | 1.19% | — |
| Q1 2010 | 2010-02-28 | 0.81% | — |
| Q4 2009 | 2009-11-30 | 0.89% | — |
| Q3 2009 | 2009-08-31 | 5.28% | — |
Carnival return on equity trends
Over the last five fiscal years, Carnival's return on equity increased from −44.58% to 25.65%, a change of +70.23 percentage points. The latest reported quarter, Q2 2026, shows 4.13%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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