Carnival reports $8.44 billion in third-quarter revenue
The cruise company posted about $1.9 billion in net income while highlighting fuel-efficiency gains amid higher fuel costs.
Carnival Corporation generated a record $8.44 billion in revenue during the third quarter of 2026, according to the reported results. Net income was approximately $1.9 billion, while adjusted earnings reached $1.43 per share.
Reported occupancy was about 111.8% for the quarter. Revenue from passenger spending aboard Carnival ships also rose by nearly 7%.
The company faced an estimated $150 million increase in fuel costs during the period. Chief Executive Officer Josh Weinstein said Carnival’s fuel-consumption rate had fallen 26% since 2019, including a 13% reduction over the preceding three years.
During the third quarter, Carnival used approximately 4% less fuel per available lower berth day compared with the same period a year earlier. Chief Financial Officer David Bernstein estimated that the company’s longer-term fuel-efficiency improvements were worth about $750 million annually at fuel prices prevailing at the time.
