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Revenue by Segment
Shows how revenue is distributed across different business areas, highlighting which segments are driving growth and which may need strategic attention.Passenger ticket revenue is the dominant driver of Carnival’s recovery and is being prioritized through disciplined pricing even at the expense of occupancy; onboard & other revenues are recovering but are more sensitive to those occupancy trade‑offs. Management’s Q2 beat, yield momentum and material cost/fuel gains are funding buybacks and faster deleveraging, but the recent 100‑bp yield haircut tied to Middle East disruption—concentrated in Europe—poses the main near‑term risk to both ticket and onboard upside.
Date | Passenger Ticket | Onboard and Other |
|---|---|---|
Aug 31, 2026 | $5.53B | $2.91B |
May 31, 2026 | $4.27B | $2.39B |
Feb 28, 2026 | $4.02B | $2.14B |
Nov 30, 2025 | $4.05B | $2.28B |
Aug 31, 2025 | $5.43B | $2.72B |
May 31, 2025 | $4.10B | $2.22B |
Feb 28, 2025 | $3.83B | $1.98B |
Nov 30, 2024 | $3.85B | $2.08B |
Aug 31, 2024 | $5.24B | $2.66B |
May 31, 2024 | $3.75B | $2.03B |