CCL · NYQ S&P 500

Carnival Corporation Ltd.

Consumer cyclical · Travel Services

$30.74 −$0.07 (−0.23%) today

Closing price on Nov 10, 2026 · Source: Yahoo Finance

Consensus of 30 analysts

Buy

Median price target $33.00 +7.4%

Open: $30.84
Day range: 30.42 – $30.95
52-week range: 21.45 – $34.03
Volume: 10,654,687
Market cap: $41,333M
P/E (TTM): 13.5x
EPS (TTM): $2.27
EPS est. FY 2026: $2.26
P/E est. FY 2026: 13.6x
Dividend yield: 1.5%
Beta: 2.46
Payout: 20%

Carnival financials

Q3 2026 results, quarter ended Aug 31, 2026

Metric	Q3 2026	1-year change
Total revenue	$8,435M	+3.5%
Net income	$1,920M	+3.7%
Earnings per share	$1.40	+5.3%
Net margin	22.8%	+0.0 pp
Free cash flow	$712M	−3.3%
Debt / equity	1.77	−24.1%

Revenue and net income ($M)

Total revenueNet income

Quarter	Total revenue	Net income
Q3 2025	$8,153M	$1,852M
Q4 2025	$6,330M	$422M
Q1 2026	$6,165M	$258M
Q2 2026	$6,663M	$537M
Q3 2026	$8,435M	$1,920M

Carnival earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ4 2026 · Analysts: 23	$0.2240.18 – 0.30	−34.1%$0.340
Next quarterQ1 2027 · Analysts: 12	$0.1180.03 – 0.19	−41.1%$0.200
Current yearFY 2026 · Analysts: 28	$2.2642.21 – 2.34	+0.6%$2.250
Next yearFY 2027 · Analysts: 29	$2.5752.30 – 2.88	+13.7%$2.264

Forward P/E: 13.6x (FY 2026) and 11.9x (FY 2027) at the current price.

Actual and estimated EPS ($)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q3 2025	$1.330	—
Q4 2025	$0.340	$0.245
Q1 2026	$0.200	$0.184
Q2 2026	$0.410	$0.339
Q3 2026	$1.430	$1.351
Q4 2026	—	$0.224
Q1 2027	—	$0.118

Year	Actual EPS	Estimated EPS
FY 2022	−$5.160	—
FY 2023	−$0.060	—
FY 2024	$1.440	—
FY 2025	$2.020	—
FY 2026	—	$2.264
FY 2027	—	$2.575

EPS trend

Quarter	EPS	YoY change
Q1 2027Estimated	$0.118	−41.1%
Q4 2026Estimated	$0.224	−34.1%
Q3 2026	$1.430est. $1.351 · surprise +5.9%	+7.5%
Q2 2026	$0.410est. $0.339 · surprise +21.1%	n/a
Q1 2026	$0.200est. $0.184 · surprise +8.9%	n/a
Q4 2025	$0.340est. $0.245 · surprise +38.6%	n/a
Q3 2025	$1.330	n/a

Year	EPS	Annual change
FY 2027Estimated	$2.575	+13.7%
FY 2026Estimated	$2.264	+12.1%
FY 2025	$2.020	+40.3%
FY 2024	$1.440	n/s
FY 2023	−$0.060	n/s
FY 2022	−$5.160	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Carnival dividend

Yield and payments

Dividend yield (TTM)	1.5%
Forward yield (next 12m)	2.0%
Dividend per share (TTM)	$0.45
Forward dividend (next 12m)	$0.60
Payout (TTM)	20%
Last dividend	$0.15Nov 6, 2026
Next ex-dividend date	n/a

Dividend per share by year ($)

PaidEstimated

Year	Dividend per share
2019	$2.00
2020	$0.50
2021	$0.00
2022	$0.00
2023	$0.00
2024	$0.00
2025	$0.00
est. 12m	$0.60

Carnival forecasts

30 analyst ratings

Buy77% Hold23% Sell0%

Consensus: Buy · 23 buy, 7 hold, 0 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	$43.00	+39.9%
Median	$33.00	+7.4%
Low	$23.00	−25.2%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	$25.78
Dec 31, 2025	$30.54
Jan 30, 2026	$30.02
Feb 27, 2026	$31.55
Mar 31, 2026	$25.88
Apr 30, 2026	$26.51
May 29, 2026	$28.06
Jun 30, 2026	$28.57
Jul 31, 2026	$27.81
Aug 31, 2026	$23.89
Sep 30, 2026	$24.54
Oct 30, 2026	$28.83
Nov 10, 2026	$30.74

Carnival peers

Ticker	Company	Market cap ($M)	P/E	Price ($)	1-day change	52-week range
CCL	Carnival	41,333	13.5x	30.74	−0.23%	21.4534.03
BKNG	Booking	118,442	17.3x	159.26	−2.59%	146.28220.81
ABNB	Airbnb	111,531	35.1x	186.90	−1.78%	110.81197.87
RCL	Royal Caribbean	90,900	20.1x	339.85	+0.85%	222.22356.39
EXPE	Expedia	30,091	14.9x	253.77	−2.08%	185.34342.00
NCLH	Norwegian Cruise Line	8,501	10.2x	18.51	+0.43%	13.6325.13