Business
Carnival Corporation 1Q 2026 Earnings
Carnival Corporation & PLC reported record first quarter 2026 operating results, with diluted earnings per share of $0.19 and adjusted EPS of $0.20, a 50 percent increase year-over-year. The company achieved record revenues of $6.2 billion, with gross margin yields up nearly 10 percent and record net yields in constant currency, exceeding guidance due to strong demand. Bookings for 2026 are up double digits, with a record booked position at historically high prices. Carnival expects an operational improvement of nearly $150 million in full-year 2026 adjusted net income compared to prior guidance, partially offsetting higher fuel prices. The company also introduced PROPEL, a new set of long-term targets for continued earnings growth through 2029, and announced an initial $2.5 billion share buyback program. Disclaimer*
About this update from Carnival Plc
[{"type":"text","content":"\n\n \n \n \n \n \n \n \n \n \n \n \n \n CARNIVAL CORPORATION & PLC ACHIEVES RECORD FIRST QUARTER OPERATING RESULTS AND RECORD BOOKINGS \n \n \n \n \n \n \n \n \n Introduces PROPEL, ambitious targets designed to reflect continued earnings growth momentum through 2029\n \n \n \n \n \n \n Announces initial $2.5 billion share buyback program\n \n \n \n \n MIAMI, March 27, 2026 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced financial results for the first quarter 2026 and provided an updated outlook.\n \n \n \n \n Diluted EPS of $0.19 and adjusted EPS\n \n 1\n \n \n \n \n of $0.20, up 50 percent compared to the prior year.\n \n \n \n \n Record revenues\n \n 2\n \n \n \n \n of $6.2 billion, gross margin yields up nearly 10 percent and record net yields\n \n 1,2\n \n (in constant currency), outperforming guidance on strong close-in demand.\n \n \n \n \n Bookings for 2026 up double digits, further strengthening the company's record booked position at historically high prices (in constant currency).\n \n \n \n \n Expects operational improvement of nearly $150 million in full year 2026 adjusted net income\n \n \n 1\n \n \n compared to December guidance, partially mitigating the impact from recent changes in fuel prices.\n \n \n \n \n Announces PROPEL, a new set of long-term targets designed to reflect continued earnings growth momentum, outsized shareholder distributions and even higher returns to be achieved by 2029.\n \n \n \n \n \"We delivered a strong start to the year, with record first-quarter operating results that exceeded our guidance, driven by healthy fundamentals and solid execution across the business. This performance supported an increase to our full year operational outlook of nearly $150 million, helping to mitigate the impact of higher fuel prices,\" said Carnival Corporation &\n \n plc's Chief Executive Officer Josh Weinstein.\n \n \n \"We remain on track to deliver solid yield growth, continued cost discipline and $7 billion in adjusted EBITDA\n 1\n this year, underscoring the strength of demand across our portfolio, progress on our long-term strategy, and the advancements we have made positioning the business to perform across a range of environments.\"\n \n \n \"With this strong foundation in place, we are focused on the next chapter of value creation for...