Company / SG&A Expense
Carnival SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$3.4B
FY2025
5-year range
$1.9B / $3.4B
FY2021-FY2025
Trend
+4.6%
vs FY2024
Sector context
#26 of 222
Consumer Discretionary
What the data says
Carnival's sg&a expense of $3.4B is higher than 88% of companies in the Consumer Discretionary sector (FY2025). SG&A Expense has increased for 4 consecutive years, from $1.9B in FY2021 to $3.4B in FY2025.
Based on SEC 10-K filings.
$3.4B in FY2025 with a 5-year CAGR of +6.8%. Top quartile in the Consumer Discretionary sector.
Increased from $3.0B to $3.4B over the past 2 years.
Consumer Discretionary sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +10.6%
- 5-Year CAGR
- +6.8%
- 10-Year CAGR
- -
Sector benchmark
+123.0% above sector average
Key checks
Key Insights
- Carnival's sg&a expense has grown for 4 consecutive years.
- 5-year CAGR of +6.8%, indicating consistent growth.
- In FY2025, sg&a expense increased 4.6% year-over-year.
- Ranks #26 out of 222 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $3.4B | +4.6% |
| FY2024 | $3.3B | +10.2% |
| FY2023 | $3.0B | +17.3% |
| FY2022 | $2.5B | +33.4% |
| FY2021 | $1.9B | -23.1% |
| FY2020 | $2.5B | -1.2% |
| FY2019 | $2.5B | +1.2% |
| FY2018 | $2.5B | +8.2% |
| FY2017 | $2.3B | +3.1% |
| FY2016 | $2.2B | +6.3% |
As of FY2025 · SEC Form 10-K · Last checked Jun 30, 2026