Carnival reports record net income as quarterly revenue increases
The cruise company also reported record third-quarter customer deposits and record 2027 booking levels.
Carnival Corporation reported all-time-high net income of $1.9 billion and adjusted net income of $2.0 billion. The company also recorded adjusted EBITDA of $3.0 billion, which was $110 million above its June guidance.
For the three months ended August 31, 2026, Carnival reported total revenue of $8,435 million, compared with $8,153 million in the same period of 2025. The 2026 total included passenger ticket revenue of $5,529 million and onboard and other revenue of $2,906 million.
Carnival said customer deposits reached a third-quarter record of $7.6 billion, surpassing the prior-year record by $0.5 billion. The company also said booked occupancy and pricing for the full 2027 year were at record levels.
The company completed approximately $1.2 billion in share repurchases year to date. It distributed $204 million in dividends during the quarter, bringing year-to-date dividends to $618 million. Carnival also said S&P upgraded its credit rating during the quarter, making it the second rating agency to award the company an investment-grade rating.