Company / Operating Income
Carnival Operating Income History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Income
$4.5B
FY2025
5-year range
-$7.1B / $4.5B
FY2021-FY2025
Trend
+25.4%
vs FY2024
Sector context
#7 of 205
Consumer Discretionary
What the data says
Among 205 Consumer Discretionary companies, Carnival is in the top 3% for operating income. Operating Income has increased for 4 consecutive years, from -$7.1B in FY2021 to $4.5B in FY2025.
Based on SEC 10-K filings.
$4.5B in FY2025 with a 5-year CAGR of +6.2%. Top quartile in the Consumer Discretionary sector.
Improved from $2.0B to $4.5B over the past 2 years.
Consumer Discretionary sector context is included.
Operating Income over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +6.2%
- 10-Year CAGR
- -
Sector benchmark
+292.9% above sector average
Key checks
Key Insights
- Carnival's operating income has grown for 4 consecutive years.
- 5-year CAGR of +6.2%, indicating consistent growth.
- In FY2025, operating income increased 25.4% year-over-year.
- Ranks #7 out of 205 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Altman Z-Score 0.87 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 23.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating IncomeValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $4.5B | +25.4% |
| FY2024 | $3.6B | +82.7% |
| FY2023 | $2.0B | +144.7% |
| FY2022 | -$4.4B | +38.2% |
| FY2021 | -$7.1B | -313.2% |
| FY2020 | $3.3B | +1.5% |
| FY2019 | $3.3B | -1.5% |
| FY2018 | $3.3B | +18.4% |
| FY2017 | $2.8B | -8.5% |
| FY2016 | $3.1B | +19.3% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026