SECdecoded Read filings, not jargon.

Carnival Corporation Ltd. FY 2025 10-K, explained in plain English

CCL · 10-K for the period ending November 30, 2025, filed January 27, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$26.6B
Gross margin— not reported
Operating income$4.5B
Net income$2.8B
Diluted EPS$2.02
Cash & equivalents$1.9B
Total assets$51.7B
Long-term debt$27.4B

Key takeaway

Carnival posted $26.62 billion in revenue and $4.48 billion in operating income for fiscal 2025, indicating a healthy operating margin.

🔒 4 more takeaways in the full analysis

Beneath the surface

Despite $1.93 billion in cash, total debt of $27.38 billion leaves net debt around $25.5 billion, underscoring that headline cash figures understate leverage.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for CCL.

Read the full analysis free Free account · 5 full analyses included · no card required