Filing Flows › Carnival (CCL) › Guidance history
Carnival (CCL) guidance history: what it guided and what it reported
Carnival gave guidance in 12 earnings releases on file since Dec 21, 2023. Of 1 guided period since reported, it met or beat its own guidance 0 times (0%). Revenue: 0 of 1, on average -22.8% against the guided midpoint. Its releases raised guidance 9 times and lowered it once.
Revenue
Met or beat 0 of 1 periods (0 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY25 | $8.2B (Sep 29, 2025) | $6.3B | below the range | -22.8% |
Operating income
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $4.5B (Dec 19, 2025) | — | to be reported | — |
Net income
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $3.1B (Jun 23, 2026) | — | to be reported | — |
| Q3 FY26 | $1.9B (Jun 23, 2026) | — | — | — |
| FY24 | $1.3B (Mar 27, 2024) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.9B (Sep 29, 2026) | — | to be reported | — |
| FY26 | $2.8B (Dec 19, 2025) | — | to be reported | — |
| FY25 | $1.9B (Dec 20, 2024) | — | — | — |
| FY24 | $1.6B (Jun 25, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | $750M (Sep 29, 2026) | — | to be reported | — |
| Q3 FY26 | $740M (Jun 23, 2026) | — | — | — |
| Q2 FY26 | $730M (Mar 27, 2026) | — | — | — |
| FY26 | $3.0B (Dec 19, 2025) → lowered $3.0B (Mar 27, 2026) → lowered $2.9B (Jun 23, 2026) → raised $2.9B (Sep 29, 2026) | — | to be reported | — |
| Q1 FY26 | $700M (Dec 19, 2025) | — | — | — |
| Q4 FY25 | $730M (Sep 29, 2025) | — | — | — |
| Q3 FY25 | $720M (Jun 24, 2025) | — | — | — |
| Q2 FY25 | $690M (Mar 21, 2025) | — | — | — |
| FY25 | $2.8B (Dec 20, 2024) → lowered $2.8B (Mar 21, 2025) → raised $2.8B (Jun 24, 2025) → reaffirmed $2.8B (Sep 29, 2025) | — | — | — |
| Q1 FY25 | $660M (Dec 20, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 FY26 | $260M (Sep 29, 2026) | — | to be reported | — |
| Q3 FY26 | $270M (Jun 23, 2026) | — | — | — |
| Q2 FY26 | $270M (Mar 27, 2026) | — | — | — |
| Q1 FY26 | $290M (Dec 19, 2025) | — | — | — |
| Q4 FY25 | $300M (Sep 29, 2025) | — | — | — |
| Q3 FY25 | $330M (Jun 24, 2025) | — | — | — |
| FY26 | $20.0M (Jun 24, 2025) → raised $1.1B (Dec 19, 2025) → lowered $1.1B (Mar 27, 2026) → lowered $1.1B (Jun 23, 2026) → raised $1.1B (Sep 29, 2026) | — | to be reported | — |
| Q2 FY25 | $330M (Mar 21, 2025) | — | — | — |
| FY30 | $45.0M (Mar 21, 2025) | — | to be reported | — |
| FY33 | $80.0M (Mar 21, 2025) | — | to be reported | — |
The latest quarter
Carnival, Q3 FY26: revenue $8.4B (+4% year over year), operating margin 26.3%, net earnings $1.9B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
Does Carnival beat its guidance?
Carnival gave guidance in 12 earnings releases on file since Dec 21, 2023. Of 1 guided period since reported, it met or beat its own guidance 0 times (0%). Revenue: 0 of 1, on average -22.8% against the guided midpoint.
How often does Carnival raise guidance?
Its earnings releases raised guidance 9 times and lowered it once since Dec 21, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.