Filing Flows › Carnival (CCL) › Q3 FY26
Carnival (CCL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Sep 29, 2026
Carnival (CCL) reported revenue of $8.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +27% from the quarter before. Operating margin was 26.3%, net earnings $1.9B (22.8% of revenue).
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.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.4B | +27% | +3% |
| Operating profit | $2.2B | +161% | -2% |
| Net earnings | $1.9B | +257% | +4% |
| Operating cash flow | $1.4B | -46% | +2% |
| Free cash flow | $712M | -59% | -3% |
What changed
Revenue was $8.4B in Q3 FY26, up 3% year over year and up 27% from the previous quarter. North America Segment was the largest line at 66% of revenue. North America Segment added $0.20B year over year (up 4%), 69% of the total change.
Operating profit was $2.2B, a 26.3% margin (down 1.5 points year over year). Operating profit fell $0.05B even though revenue rose $0.28B versus Q3 FY25, so costs grew faster than sales. Total costs grew 6% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+649%). Net earnings were $1.9B, up 4% year over year. The effective tax rate was 0.8%.
Operating cash flow was $1.4B (up 2% year over year), 73% of net earnings. Non-cash charges added back $0.75B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $1.3B. Capital expenditures of $0.70B left free cash flow of $0.71B.
Questions
What was Carnival's revenue in the third quarter fiscal 2026?
Carnival (CCL) reported revenue of $8.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and +27% from the quarter before.
Was Carnival profitable in the third quarter fiscal 2026?
Operating profit was $2.2B (26.3% of revenue) and net earnings $1.9B.
Source: Carnival 10-Q on SEC EDGAR.