Carnival Corporation & plc announced financial results for the fourth quarter and full year 2025, showing a significant increase in net income and other key financial metrics.
The company outperformed its guidance due to strong close-in demand and effective cost management, leading to record revenues and operating income.
Carnival Corporation & plc's Chief Executive Officer, Josh Weinstein, highlighted the company's exceptional performance and confidence in the long-term future.
Record Net Income
Full year net income of $2.8 billion with record adjusted net income of $3.1 billion, up over 60 percent.
Investment Grade Leverage Metrics
Net debt to adjusted EBITDA ratio of 3.4x recognized by Fitch as investment grade.
Outlook for 2026
Estimated adjusted net income for 2026 to be $3.5 billion, surpassing record 2025 levels.
- The company achieved all-time high full year operating income of $4.5 billion, up 25 percent compared to the prior year.
- Adjusted return on invested capital exceeds 13 percent, demonstrating strong financial performance and efficiency in capital allocation.
Carnival Corporation & plc's exceptional performance in 2025 and positive outlook for 2026 showcase its resilience and strategic positioning in the cruise industry. With strong financial results and a promising future, the company continues to deliver value to shareholders and guests worldwide.