Carnival Corporation – the world’s largest cruise company and owner of the likes of Cunard, Princess Cruises, Carnival Cruise Line and Seabourn – has posted record profits and revenues for the third quarter of its financial year – with net income amounting to $1.9bn and revenue of $8.2bn.
Carnival said its cumulative advanced booked position for 2026 remains strong, in line with 2025 record levels and at historical high prices.
“This was a phenomenal quarter delivering all-time high net income and our tenth consecutive quarter of record revenues. Strong demand and onboard spending drove a 4.6% improvement in net yields (in constant currency), all of which was achieved on a same ship basis,” commented Carnival Corporation & plc’s Chief Executive Josh Weinstein.
“Adjusted return on invested capital reached 13% for the first time in nearly 20 years, a clear testament to the continued improvement in our operational execution—driven not only by consistently strong performance from Carnival Cruise Line and AIDA, but also great advancement across the rest of our portfolio of world class brands,” Mr Weinstein added.
“We also welcomed our game changing new exclusive destination, Celebration Key, to rave guest reviews and overwhelming media coverage. It joins our unparalleled footprint of seven Caribbean gems that are set to host eight million guest visits next year. And as beaches are the number one preferred destination for vacationing Americans, our miles upon miles of some of the most beautiful beaches in the world are well-positioned to attract even more first-time cruisers while offering our loyal guests yet another great reason to come back soon.
“Even with our rapid progress, we believe we have ample opportunity to increase same ship net yields and further close the unbelievable price-to-value gap versus land based vacation alternatives, pushing margins and returns even higher over time,” Mr Weinstein said.
