Filing Flows › Carnival (CCL) › Q4 FY24
Carnival (CCL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 27, 2025
Carnival (CCL) reported revenue of $5.9B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and -25% from the quarter before. Operating margin was 9.4%, net earnings $303M (5.1% of revenue).
Carnival, Q4 FY24: revenue $5.9B (+10% year over year), operating margin 9.4%, net earnings $303M, operating cash flow $911M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | -25% | +10% |
| Operating profit | $561M | -74% | +46% |
| Net earnings | $303M | -83% | — |
| Operating cash flow | $911M | -24% | -1% |
| Free cash flow | $319M | -49% | +29% |
What changed
Revenue was $5.9B in Q4 FY24, up 10% year over year and down 25% from the previous quarter. North America and Australia was the largest line at 66% of revenue.
Operating profit was $0.56B, a 9.4% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 7% margin then. Total costs grew 7% against revenue growth of 10%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.30B. The effective tax rate was -4.8%.
Operating cash flow was $0.91B (down 1% year over year), 301% of net earnings. Non-cash charges added back $0.66B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.59B left free cash flow of $0.32B.
Questions
What was Carnival's revenue in the fourth quarter fiscal 2024?
Carnival (CCL) reported revenue of $5.9B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and -25% from the quarter before.
Was Carnival profitable in the fourth quarter fiscal 2024?
Operating profit was $561M (9.4% of revenue) and net earnings $303M.
Source: Carnival 10-K on SEC EDGAR.