Carnival (CCL) revenue breakdown
By segment, North America Segment is the largest at 66% of fiscal 2025 revenue, growing 6% a year over 9 years.
By product, Passenger ticket is the largest at 65% of fiscal 2025 revenue; Onboard and other grew fastest, 9% a year over 9 years.
Revenue by segment
Fiscal years, as Carnival reports them in its 10-K filings; fiscal 2025 total $26.6B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| North America Segment | $10.6B | $11.4B | $12.2B | $13.6B | $3.6B | $1.1B | $8.3B | $14.6B | $16.8B | $17.6B | 66% |
| Europe Segment | $5.5B | $5.7B | $6.2B | $6.7B | $1.8B | $712M | $3.5B | $6.5B | $7.7B | $8.5B | 32% |
| Cruise Support | $131M | $129M | $129M | $173M | $68M | $42M | $171M | $206M | $255M | $309M | 1% |
| Tour And Other | $231M | $236M | $272M | $390M | $110M | $46M | $185M | $265M | $255M | $241M | 1% |
Revenue by product
Fiscal years, as Carnival reports them in its 10-K filings; fiscal 2025 total $26.6B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Passenger ticket | $12.1B | $12.9B | $13.9B | $14.1B | $3.7B | $1.0B | $7.0B | $14.1B | $16.5B | $17.4B | 65% |
| Onboard and other | $4.1B | $4.3B | $5.0B | $6.7B | $1.9B | $908M | $5.1B | $7.5B | $8.6B | $9.2B | 35% |
| Tour and other | $231M | $236M | — | — | — | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Carnival reports them in its 10-K filings; fiscal 2025 total $26.6B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | — | — | — | — | — | — | — | $12.3B | $14.1B | $14.8B | 56% |
| Other | $302M | $297M | $327M | $373M | $180M | $31M | $132M | $4.4B | $5.2B | $5.4B | 20% |
| Germany | — | — | — | — | — | — | — | $2.7B | $3.1B | $3.3B | 13% |
| UK Plan | — | — | — | — | — | — | — | $2.3B | $2.7B | $3.1B | 11% |
| North America | $8.3B | $9.2B | $10.1B | $11.5B | $3.1B | $1.1B | $7.9B | — | — | — | — |
| Europe Segment | $5.3B | $5.4B | $6.0B | $6.3B | $1.6B | $811M | $3.9B | — | — | — | — |
| Australia and Asia | $2.5B | $2.6B | $2.5B | $2.6B | $687M | — | — | — | — | — | — |
| Australia | — | — | — | — | — | — | $252M | — | — | — | — |
Questions
Where does Carnival make its money?
In fiscal 2025, by segment: North America Segment $17.6B, Europe Segment $8.5B, Cruise Support $309M, Tour And Other $241M.
From Carnival's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.