Carnival reports record Q2 revenue of $6.7 billion, adjusted net income up over 20%
Carnival Corporation announced second quarter 2026 results with record revenues of $6.7 billion and record adjusted net income of $569 million, up over 20 percent compared to the prior year. The company reported diluted earnings per share of $0.39 and adjusted EPS of $0.41. Customer deposits reached an all-time high of $9.0 billion, up over $450 million year-over-year, while the company repurchased over $450 million in stock during the quarter and distributed $207 million in dividends.
Key facts
- Record revenues of $6.7 billion
- Record adjusted net income of $569 million, up over 20 percent
- Customer deposits reached all-time high of $9.0 billion, up over $450 million
- Stock repurchases exceeded $450 million to date
- Record adjusted EBITDA of $1.6 billion
- Diluted EPS of $0.39; adjusted EPS of $0.41, up over 15 percent
- Net debt to adjusted EBITDA ratio of 3.1x, improved more than half a point from prior year
- Dividends distributed: $207 million in Q2, $414 million year-to-date
- Moody's credit rating upgrade with continued positive outlook
Why it matters
Strong operational execution and pricing power have driven record results despite near 30% higher fuel costs and geopolitical disruptions, positioning Carnival to accelerate shareholder returns while maintaining financial leverage improvement and advancing fleet modernization programs across its cruise line portfolio.
Share
Derived from 8-K filed 2026-06-23. Not investment advice. View the source filing on SEC.gov →