Income Statement

Revenue

+119%

+376%

10Y

Currency: USD

	Feb-2002	May-2002	Aug-2002	Nov-2002	Feb-2003	May-2003	Aug-2003	Nov-2003	Feb-2004	May-2004	Aug-2004	Nov-2004	Feb-2005	May-2005	Aug-2005	Nov-2005	Feb-2006	May-2006	Aug-2006	Nov-2006	Feb-2007	May-2007	Aug-2007	Nov-2007	Feb-2008	May-2008	Aug-2008	Nov-2008	Feb-2009	May-2009	Aug-2009	Nov-2009	Feb-2010	May-2010	Aug-2010	Nov-2010	Feb-2011	May-2011	Aug-2011	Nov-2011	Feb-2012	May-2012	Aug-2012	Nov-2012	Feb-2013	May-2013	Aug-2013	Nov-2013	Feb-2014	May-2014	Aug-2014	Nov-2014	Feb-2015	May-2015	Aug-2015	Nov-2015	Feb-2016	May-2016	Aug-2016	Nov-2016	Feb-2017	May-2017	Aug-2017	Nov-2017	Feb-2018	May-2018	Aug-2018	Nov-2018	Feb-2019	May-2019	Aug-2019	Nov-2019	Feb-2020	May-2020	Aug-2020	Nov-2020	Feb-2021	May-2021	Aug-2021	Nov-2021	Feb-2022	May-2022	Aug-2022	Nov-2022	Feb-2023	May-2023	Aug-2023	Nov-2023	Feb-2024	May-2024	Aug-2024	Nov-2024	Feb-2025	May-2025	Aug-2025	Nov-2025
Revenue
Interest Expense	118	116	115	111	111	124	154	195	231	259	277	284	305	317	323	330	320	313	312	312	320	339	353	367	381	389	402	420	412	400	387	380	380	389	384	378	368	360	366	365	367	363	351	336	331	322	314	319	308	302	295	288	273	258	242	217	212	212	220	223	224	217	205	198	195	194	194	194	200	211	220	229	239	363	615	895	1 240	1 493	1 601	1 601	1 571	1 504	1 508	1 609	1 779	1 951	2 047	2 066	1 997	1 905	1 818	1 755	1 661	1 552	1 438	1 349
Revenue	4 435 N/A	4 352 -2%	4 303 -1%	4 383 +2%	4 511 +3%	4 857 +8%	5 940 +22%	6 718 +13%	7 664 +14%	8 575 +12%	9 301 +8%	9 727 +5%	10 144 +4%	10 407 +3%	10 764 +3%	11 094 +3%	11 159 +1%	11 304 +1%	11 603 +3%	11 839 +2%	12 064 +2%	12 303 +2%	12 718 +3%	13 033 +2%	13 497 +4%	13 975 +4%	14 468 +4%	14 947 +3%	14 358 -4%	13 928 -3%	13 480 -3%	13 460 0%	13 774 +2%	14 093 +2%	14 254 +1%	14 469 +2%	14 710 +2%	15 063 +2%	15 594 +4%	15 793 +1%	15 956 +1%	15 874 -1%	15 500 -2%	15 382 -1%	15 394 +0%	15 335 0%	15 377 +0%	15 456 +1%	15 448 0%	15 602 +1%	15 823 +1%	15 884 +0%	15 829 0%	15 786 0%	15 722 0%	15 714 0%	15 835 +1%	15 950 +1%	16 164 +1%	16 389 +1%	16 528 +1%	16 768 +1%	17 186 +2%	17 510 +2%	17 951 +3%	18 363 +2%	18 684 +2%	18 881 +1%	19 322 +2%	19 803 +2%	20 500 +4%	20 825 +2%	20 942 +1%	16 844 -20%	10 342 -39%	5 595 -46%	831 -85%	141 -83%	656 +365%	1 908 +191%	3 506 +84%	5 857 +67%	9 616 +64%	12 168 +27%	14 977 +23%	17 487 +17%	20 036 +15%	21 593 +8%	22 567 +5%	23 437 +4%	24 479 +4%	25 021 +2%	25 425 +2%	25 972 +2%	26 229 +1%	26 622 +1%
Gross Profit
Cost of Revenue	(2 388)	(2 329)	(2 295)	(2 330)	(2 430)	(2 716)	(3 308)	(3 821)	(4 411)	(4 910)	(5 206)	(5 502)	(5 658)	(5 820)	(6 006)	(6 218)	(6 316)	(6 448)	(6 663)	(6 791)	(6 966)	(7 109)	(7 323)	(7 628)	(8 051)	(8 447)	(8 892)	(9 340)	(8 775)	(8 501)	(8 320)	(8 407)	(8 739)	(9 019)	(8 955)	(9 092)	(9 305)	(9 661)	(10 058)	(10 299)	(10 570)	(10 527)	(10 338)	(10 320)	(10 226)	(10 235)	(10 555)	(10 645)	(10 638)	(10 723)	(10 566)	(10 421)	(10 165)	(9 997)	(9 727)	(9 447)	(9 355)	(9 209)	(9 282)	(9 383)	(9 575)	(9 753)	(10 203)	(10 501)	(10 775)	(11 020)	(10 965)	(11 090)	(11 523)	(12 001)	(12 575)	(12 908)	(12 288)	(10 554)	(7 453)	(4 760)	(2 594)	(1 577)	(1 906)	(2 717)	(3 830)	(5 330)	(7 162)	(8 359)	(9 461)	(10 136)	(10 536)	(10 891)	(11 167)	(11 443)	(11 758)	(11 838)	(11 902)	(11 974)	(12 008)	(12 043)
Gross Profit	2 047 N/A	2 024 -1%	2 008 -1%	2 053 +2%	2 081 +1%	2 141 +3%	2 632 +23%	2 897 +10%	3 253 +12%	3 665 +13%	4 095 +12%	4 225 +3%	4 486 +6%	4 587 +2%	4 758 +4%	4 876 +2%	4 843 -1%	4 856 +0%	4 940 +2%	5 048 +2%	5 098 +1%	5 194 +2%	5 395 +4%	5 405 +0%	5 446 +1%	5 528 +2%	5 576 +1%	5 607 +1%	5 583 0%	5 427 -3%	5 160 -5%	5 053 -2%	5 035 0%	5 074 +1%	5 299 +4%	5 377 +1%	5 405 +1%	5 402 0%	5 536 +2%	5 494 -1%	5 386 -2%	5 347 -1%	5 162 -3%	5 062 -2%	5 168 +2%	5 100 -1%	4 822 -5%	4 811 0%	4 810 0%	4 879 +1%	5 257 +8%	5 463 +4%	5 664 +4%	5 789 +2%	5 995 +4%	6 267 +5%	6 480 +3%	6 741 +4%	6 882 +2%	7 006 +2%	6 953 -1%	7 015 +1%	6 983 0%	7 009 +0%	7 176 +2%	7 343 +2%	7 719 +5%	7 791 +1%	7 799 +0%	7 802 +0%	7 925 +2%	7 917 0%	8 654 +9%	6 290 -27%	2 889 -54%	835 -71%	(1 763) N/A	(1 436) +19%	(1 250) +13%	(809) +35%	(324) +60%	527 N/A	2 454 +366%	3 809 +55%	5 516 +45%	7 351 +33%	9 500 +29%	10 702 +13%	11 400 +7%	11 994 +5%	12 721 +6%	13 183 +4%	13 523 +3%	13 998 +4%	14 221 +2%	14 579 +3%
Operating Income
Operating Expenses	(1 125)	(972)	(975)	(991)	(1 053)	(1 165)	(1 336)	(1 521)	(1 742)	(1 917)	(1 996)	(2 097)	(2 151)	(2 195)	(2 205)	(2 237)	(2 277)	(2 304)	(2 369)	(2 435)	(2 481)	(2 566)	(2 617)	(2 680)	(2 762)	(2 821)	(2 874)	(2 878)	(2 855)	(2 828)	(2 850)	(2 899)	(2 937)	(2 980)	(2 999)	(3 030)	(3 078)	(3 145)	(3 220)	(3 239)	(3 247)	(3 234)	(3 215)	(3 247)	(3 299)	(3 332)	(3 385)	(3 469)	(3 560)	(3 634)	(3 671)	(3 691)	(3 694)	(3 677)	(3 665)	(3 693)	(3 737)	(3 809)	(3 898)	(3 935)	(3 948)	(3 988)	(4 036)	(4 111)	(4 316)	(4 424)	(4 399)	(4 466)	(4 507)	(4 554)	(4 581)	(4 641)	(5 416)	(5 791)	(5 703)	(5 637)	(4 912)	(4 582)	(4 927)	(5 463)	(5 908)	(6 665)	(7 289)	(7 748)	(8 143)	(8 385)	(8 631)	(8 746)	(8 996)	(9 150)	(9 323)	(9 609)	(9 681)	(9 782)	(9 912)	(10 096)
Selling, General & Administrative	(614)	(602)	(602)	(609)	(635)	(704)	(818)	(936)	(1 075)	(1 185)	(1 230)	(1 285)	(1 305)	(1 325)	(1 319)	(1 335)	(1 365)	(1 376)	(1 412)	(1 447)	(1 465)	(1 518)	(1 545)	(1 579)	(1 620)	(1 639)	(1 648)	(1 629)	(1 596)	(1 564)	(1 573)	(1 590)	(1 594)	(1 605)	(1 605)	(1 614)	(1 640)	(1 676)	(1 716)	(1 717)	(1 716)	(1 707)	(1 695)	(1 720)	(1 759)	(1 777)	(1 807)	(1 879)	(1 941)	(1 996)	(2 038)	(2 054)	(2 061)	(2 048)	(2 051)	(2 067)	(2 089)	(2 130)	(2 175)	(2 197)	(2 194)	(2 215)	(2 233)	(2 265)	(2 332)	(2 384)	(2 410)	(2 450)	(2 463)	(2 479)	(2 469)	(2 480)	(2 529)	(2 400)	(2 102)	(1 878)	(1 662)	(1 587)	(1 747)	(1 885)	(1 952)	(2 154)	(2 354)	(2 515)	(2 697)	(2 814)	(2 902)	(2 950)	(3 050)	(3 103)	(3 153)	(3 252)	(3 286)	(3 313)	(3 329)	(3 402)
Depreciation & Amortization	(370)	(371)	(373)	(382)	(398)	(441)	(518)	(585)	(667)	(732)	(766)	(812)	(846)	(870)	(886)	(902)	(912)	(928)	(957)	(988)	(1 016)	(1 048)	(1 072)	(1 101)	(1 142)	(1 182)	(1 226)	(1 249)	(1 259)	(1 264)	(1 277)	(1 309)	(1 343)	(1 375)	(1 394)	(1 416)	(1 438)	(1 469)	(1 504)	(1 522)	(1 531)	(1 527)	(1 520)	(1 527)	(1 540)	(1 555)	(1 578)	(1 590)	(1 606)	(1 625)	(1 633)	(1 637)	(1 633)	(1 629)	(1 614)	(1 626)	(1 648)	(1 679)	(1 723)	(1 738)	(1 754)	(1 773)	(1 803)	(1 846)	(1 895)	(1 951)	(1 989)	(2 017)	(2 046)	(2 076)	(2 113)	(2 160)	(2 213)	(2 248)	(2 251)	(2 241)	(2 223)	(2 213)	(2 224)	(2 233)	(2 235)	(2 240)	(2 259)	(2 275)	(2 303)	(2 328)	(2 343)	(2 370)	(2 402)	(2 439)	(2 494)	(2 557)	(2 598)	(2 656)	(2 722)	(2 790)
Other Operating Expenses	(140)	0	0	0	(20)	(20)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(13)	(13)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(89)	(89)	0	1	0	1	0	(1)	(674)	(1 143)	(1 350)	(1 518)	(1 027)	(782)	(956)	(1 345)	(1 721)	(2 271)	(2 676)	(2 958)	(3 143)	(3 243)	(3 386)	(3 426)	(3 544)	(3 608)	(3 676)	(3 800)	(3 797)	(3 813)	(3 861)	(3 904)
Operating Income	922 N/A	1 051 +14%	1 033 -2%	1 062 +3%	1 028 -3%	976 -5%	1 296 +33%	1 376 +6%	1 511 +10%	1 748 +16%	2 099 +20%	2 128 +1%	2 335 +10%	2 392 +2%	2 553 +7%	2 639 +3%	2 566 -3%	2 552 -1%	2 571 +1%	2 613 +2%	2 617 +0%	2 628 +0%	2 778 +6%	2 725 -2%	2 684 -2%	2 707 +1%	2 702 0%	2 729 +1%	2 728 0%	2 599 -5%	2 310 -11%	2 154 -7%	2 098 -3%	2 094 0%	2 300 +10%	2 347 +2%	2 327 -1%	2 257 -3%	2 316 +3%	2 255 -3%	2 139 -5%	2 113 -1%	1 947 -8%	1 815 -7%	1 869 +3%	1 768 -5%	1 437 -19%	1 342 -7%	1 250 -7%	1 245 0%	1 586 +27%	1 772 +12%	1 970 +11%	2 112 +7%	2 330 +10%	2 574 +10%	2 743 +7%	2 932 +7%	2 984 +2%	3 071 +3%	3 005 -2%	3 027 +1%	2 947 -3%	2 898 -2%	2 860 -1%	2 919 +2%	3 320 +14%	3 325 +0%	3 292 -1%	3 248 -1%	3 344 +3%	3 276 -2%	3 238 -1%	499 -85%	(2 814) N/A	(4 802) -71%	(6 675) -39%	(6 018) +10%	(6 177) -3%	(6 272) -2%	(6 232) +1%	(6 138) +2%	(4 835) +21%	(3 939) +19%	(2 627) +33%	(1 034) +61%	869 N/A	1 956 +125%	2 404 +23%	2 844 +18%	3 398 +19%	3 574 +5%	3 842 +7%	4 216 +10%	4 309 +2%	4 483 +4%
Pre-Tax Income
Interest Income Expense	(104)	(77)	(78)	(79)	(81)	(94)	(127)	(168)	(204)	(237)	(259)	(267)	(289)	(299)	(298)	(301)	(287)	(281)	(285)	(287)	(292)	(299)	(298)	(300)	(314)	(327)	(352)	(385)	(383)	(381)	(372)	(366)	(366)	(374)	(370)	(366)	(358)	(350)	(356)	(353)	(333)	(474)	(339)	(333)	(377)	(254)	(306)	(272)	(249)	(202)	(244)	(551)	(688)	(697)	(893)	(785)	(848)	(664)	(511)	(264)	0	(217)	(161)	(154)	(161)	(65)	(66)	(121)	(137)	(181)	(185)	(183)	(185)	(312)	(575)	(877)	(1 223)	(1 480)	(1 964)	(1 589)	(1 935)	(1 866)	(1 473)	(1 535)	(1 653)	(1 762)	(1 823)	(1 833)	(1 786)	(1 738)	(1 691)	(1 662)	(1 594)	(1 498)	(1 388)	(1 298)
Non-Reccuring Items	0	(140)	(59)	(20)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(28)	0	(201)	(201)	(173)	(173)	0	0	(13)	(13)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(89)	(89)	0	0	0	0	0	0	0	0	(1 061)	(3 014)	(3 924)	(4 063)	(3 001)	(1 097)	(662)	(1 487)	(1 123)	(1 074)	(599)	(441)	(433)	(464)	(545)	(111)	(144)	(146)	(78)	(79)	(299)	(270)	(368)	(409)
Total Other Income	102	89	(2)	(4)	6	7	10	8	(7)	(3)	(10)	(5)	1	10	(11)	(13)	(34)	(37)	(15)	(8)	7	7	9	(1)	1	6	5	27	44	45	37	18	(4)	(11)	(5)	(2)	7	22	26	10	9	(14)	(17)	(7)	(9)	(4)	(9)	(8)	(10)	6	13	4	14	8	(5)	10	(5)	3	13	21	34	6	22	11	3	28	4	3	(1)	(18)	(27)	(33)	(40)	(65)	(267)	(511)	(563)	(542)	(332)	(174)	(141)	(124)	(195)	(165)	(165)	(189)	(126)	(74)	(64)	(52)	(43)	82	108	95	104	(4)
Pre-Tax Income	919 N/A	923 +0%	894 -3%	959 +7%	953 -1%	889 -7%	1 180 +33%	1 216 +3%	1 300 +7%	1 508 +16%	1 830 +21%	1 856 +1%	2 047 +10%	2 103 +3%	2 244 +7%	2 325 +4%	2 245 -3%	2 234 0%	2 271 +2%	2 318 +2%	2 332 +1%	2 336 +0%	2 489 +7%	2 424 -3%	2 371 -2%	2 386 +1%	2 355 -1%	2 371 +1%	2 389 +1%	2 263 -5%	1 975 -13%	1 806 -9%	1 728 -4%	1 709 -1%	1 925 +13%	1 979 +3%	1 976 0%	1 929 -2%	1 958 +2%	1 912 -2%	1 614 -16%	1 424 -12%	1 418 0%	1 302 -8%	1 483 +14%	1 510 +2%	1 109 -27%	1 049 -5%	991 -6%	1 049 +6%	1 355 +29%	1 225 -10%	1 296 +6%	1 423 +10%	1 432 +1%	1 799 +26%	1 890 +5%	2 271 +20%	2 486 +9%	2 828 +14%	3 039 +7%	2 816 -7%	2 719 -3%	2 666 -2%	2 702 +1%	2 882 +7%	3 258 +13%	3 207 -2%	3 154 -2%	3 049 -3%	3 132 +3%	3 060 -2%	1 952 -36%	(2 892) N/A	(7 580) -162%	(10 253) -35%	(11 462) -12%	(9 137) +20%	(9 135) +0%	(9 522) -4%	(9 431) +1%	(9 202) +2%	(7 102) +23%	(6 080) +14%	(4 878) +20%	(3 449) +29%	(1 625) +53%	(62) +96%	410 N/A	908 +121%	1 586 +75%	1 915 +21%	2 057 +7%	2 543 +24%	2 657 +4%	2 772 +4%
Net Income
Tax Provision	9	12	47	57	60	58	1	(29)	(30)	(34)	(65)	(47)	(48)	(48)	(33)	(72)	(89)	(86)	(72)	(39)	(21)	(15)	(23)	(16)	(10)	(25)	(38)	(47)	(35)	(35)	(7)	(16)	(23)	(16)	(2)	(1)	(21)	(20)	(15)	0	7	5	4	(4)	(9)	(9)	(4)	6	7	6	7	(9)	(11)	(14)	(48)	(42)	(40)	(38)	(45)	(49)	(50)	(53)	(51)	(60)	(58)	(56)	(54)	(54)	(56)	(61)	(71)	(71)	(81)	(62)	(13)	17	34	11	32	21	12	21	(13)	(14)	(18)	(20)	0	(13)	(6)	(6)	(23)	1	(6)	(18)	(16)	(12)
Income from Continuing Operations	928	935	941	1 016	1 013	947	1 180	1 187	1 270	1 474	1 765	1 809	1 999	2 055	2 211	2 253	2 156	2 148	2 199	2 279	2 311	2 321	2 466	2 408	2 361	2 361	2 317	2 324	2 354	2 228	1 968	1 790	1 705	1 693	1 923	1 978	1 955	1 909	1 943	1 912	1 621	1 429	1 422	1 298	1 474	1 501	1 105	1 055	998	1 055	1 362	1 216	1 285	1 409	1 384	1 757	1 850	2 233	2 441	2 779	2 989	2 763	2 668	2 606	2 644	2 826	3 204	3 153	3 098	2 988	3 061	2 989	1 871	(2 954)	(7 593)	(10 236)	(11 428)	(9 126)	(9 103)	(9 501)	(9 419)	(9 181)	(7 115)	(6 094)	(4 896)	(3 469)	(1 625)	(75)	404	902	1 563	1 916	2 051	2 525	2 641	2 760
Net Income (Common)	928 N/A	935 +1%	941 +1%	1 016 +8%	1 013 0%	947 -7%	1 180 +25%	1 187 +1%	1 270 +7%	1 474 +16%	1 765 +20%	1 809 +2%	1 999 +11%	2 055 +3%	2 211 +8%	2 253 +2%	2 156 -4%	2 148 0%	2 199 +2%	2 279 +4%	2 311 +1%	2 321 +0%	2 466 +6%	2 408 -2%	2 361 -2%	2 361 N/A	2 317 -2%	2 324 +0%	2 354 +1%	2 228 -5%	1 968 -12%	1 790 -9%	1 705 -5%	1 693 -1%	1 923 +14%	1 978 +3%	1 955 -1%	1 909 -2%	1 943 +2%	1 912 -2%	1 621 -15%	1 429 -12%	1 422 0%	1 298 -9%	1 474 +14%	1 501 +2%	1 105 -26%	1 055 -5%	998 -5%	1 055 +6%	1 362 +29%	1 216 -11%	1 285 +6%	1 409 +10%	1 384 -2%	1 757 +27%	1 850 +5%	2 233 +21%	2 441 +9%	2 779 +14%	2 989 +8%	2 763 -8%	2 668 -3%	2 606 -2%	2 645 +1%	2 827 +7%	3 205 +13%	3 152 -2%	3 097 -2%	2 987 -4%	3 060 +2%	2 990 -2%	1 873 -37%	(2 952) N/A	(7 590) -157%	(10 236) -35%	(11 427) -12%	(9 125) +20%	(9 103) +0%	(9 501) -4%	(9 419) +1%	(9 181) +3%	(7 115) +23%	(6 093) +14%	(4 895) +20%	(3 468) +29%	(1 624) +53%	(74) +95%	405 N/A	904 +123%	1 565 +73%	1 916 +22%	2 052 +7%	2 525 +23%	2 642 +5%	2 760 +4%
EPS (Diluted)	1.58 N/A	1.59 +1%	1.6 +1%	1.63 +2%	1.73 +6%	1.37 -21%	1.44 +5%	1.56 +8%	1.54 -1%	1.73 +12%	2.1 +21%	2.12 +1%	2.33 +10%	2.4 +3%	2.58 +8%	2.64 +2%	2.66 +1%	2.4 -10%	2.75 +15%	2.72 -1%	2.78 +2%	2.79 +0%	2.97 +6%	2.9 -2%	2.9 N/A	2.88 -1%	2.84 -1%	2.84 N/A	2.94 +4%	2.78 -5%	2.41 -13%	2.24 -7%	2.13 -5%	2.12 0%	2.4 +13%	2.47 +3%	2.46 0%	2.4 -2%	2.45 +2%	2.42 -1%	2.08 -14%	1.83 -12%	1.83 N/A	1.67 -9%	1.9 +14%	1.93 +2%	1.42 -26%	1.36 -4%	1.28 -6%	1.36 +6%	1.76 +29%	1.56 -11%	1.66 +6%	1.81 +9%	1.77 -2%	2.26 +28%	2.4 +6%	2.96 +23%	3.3 +11%	3.72 +13%	4.1 +10%	3.8 -7%	3.67 -3%	3.59 -2%	3.67 +2%	3.95 +8%	4.53 +15%	4.44 -2%	4.45 +0%	4.31 -3%	4.41 +2%	4.32 -2%	2.73 -37%	-4.09 N/A	-9.79 -139%	-13.21 -35%	-10.43 +21%	-8.06 +23%	-8.03 +0%	-8.46 -5%	-8.3 +2%	-8.05 +3%	-6 +25%	-5.16 +14%	-3.88 +25%	-2.74 +29%	-1.16 +58%	-0.06 +95%	0.32 N/A	0.71 +122%	1.12 +58%	1.37 +22%	1.56 +14%	1.8 +15%	1.89 +5%	1.96 +4%

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Carnival Corp
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