Filing Flows › Carnival (CCL) › Operating margin
Carnival (CCL) operating margin by quarter
Carnival's operating margin was 26.3% in Q3 FY26 (third quarter fiscal 2026), +13.5 pts from Q2 FY26. Over the last 7 quarters it ranged from 9.4% (Q4 FY24) to 27.9% (Q3 FY25).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 26.3% | +13.5 pts | -1.5 pts |
| Q2 FY26 | 12.8% | +2.9 pts | -2.0 pts |
| Q1 FY26 | 9.8% | -1.8 pts | — |
| Q4 FY25 | 11.6% | -16.2 pts | +2.2 pts |
| Q3 FY25 | 27.9% | +13.1 pts | — |
| Q2 FY25 | 14.8% | +5.3 pts | — |
| Q4 FY24 | 9.4% | — | — |
Q3 FY26 at a glance
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
What is Carnival's operating margin?
Carnival's operating margin was 26.3% in Q3 FY26 (third quarter fiscal 2026), +13.5 pts from Q2 FY26.
How has Carnival's operating margin changed?
Over the last 7 quarters it ranged from 9.4% (Q4 FY24) to 27.9% (Q3 FY25).