- Carnival Corporation is reporting record revenues of €6.2bn for the first quarter of 2026
- The company is achieving gross margin yields up nearly 10pc
- Bookings for 2026 are up double digits at historically high prices
- Carnival Corporation is expecting operational improvement of nearly €150m
- The company is introducing the PROPEL framework with targets through 2029
Carnival Corporation is reporting record revenues of €6.2bn for the first quarter of 2026 with diluted EPS of ¢0.19 and adjusted EPS of ¢0.20. The company is achieving gross margin yields up nearly 10pc and record net yields in constant currency while outperforming guidance on strong close-in demand. Bookings for 2026 are up double digits and are strengthening the record booked position at historically high prices.
Carnival Corporation is expecting operational improvement of nearly €150m in full year 2026 adjusted net income compared with December guidance that partially mitigates higher fuel prices. The company is introducing the PROPEL framework with long-term targets through 2029 that include greater than 16pc return on invested capital and more than 50pc adjusted EPS growth from 2025. Josh Weinstein is confirming the strong start to the year supports an increase to the full year operational outlook.
Customer deposits are reaching a first quarter record of nearly €8bn that surpasses the prior year by nearly 10pc. The company is maintaining disciplined capacity growth with only three new ships scheduled during the PROPEL period.
Josh Weinstein, Chief Executive Officer shared “We delivered a strong start to the year, with record first-quarter operating results that exceeded our guidance. We remain on track to deliver solid yield growth, continued cost discipline and $7bn in adjusted EBITDA this year.”
