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Carnival — Jun 23, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000815097-26-000086
Open on SEC.gov ↗
Showing in the filing
Adjusted cruise costs excluding fuel per ALBD (Constant Currency)
“Approx. 2.4%”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 40
Net yields for FY2026
“up approximately 3.2 percent compared to record 2025 levels”
Net yields (in constant currency) for FY2026
“up approximately 1.75 percent, 2.25 percent after reflecting the impact of the summer 2025 close-in decision to redeploy away from the previously planned first quarter 2026 Arabian Gulf voyages and the impacts of loyalty program accounting for Carnival Cruise Line”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“up approximately 2.4 percent, 1.3 percent after reflecting the timing of certain expenses between the years, partial year operating expenses from two exclusive destinations and over 30 basis points for certain elevated logistics costs as a result of disruption from the Middle East conflict”
Net impact of fuel prices and currency on th…
“less than $0.01 per share”
Net yields (Current Dollars) for Q3 FY2026
“Approx. 1.3%”
Net yields (Constant Currency) for Q3 FY2026
“Approx. 1.2%”
Net yields (Current Dollars) for FY2026
“Approx. 3.2%”
Net yields (Constant Currency) for FY2026
“Approx. 1.75%”
Adjusted cruise costs excluding fuel per ALB… for Q3 FY2026
“Approx. 2.8%”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“Approx. 3.7%”
Adjusted cruise costs excluding fuel per ALB… for FY2026
“Approx. 2.4%”
ALBDs (in millions) for Q3 FY2026
“24.9”
ALBDs (in millions) (a) for FY2026
“24.9”
Capacity growth compared to prior year for Q3 FY2026
“1.5%”
Capacity growth compared to prior year for FY2026
“1.0 %”
Fuel consumption in metric tons (in millions) for Q3 FY2026
“0.7”
Fuel consumption in metric tons (in millions) for FY2026
“2.7”
Fuel cost per metric ton consumed (excluding… for Q3 FY2026
“$ 812”
Fuel cost per metric ton consumed (excluding… for FY2026
“$ 713”
Fuel expense (including emission allowances … for Q3 FY2026
“$ 0.62”
Fuel expense (including emission allowances … for FY2026
“$ 2.12”
Depreciation and amortization expense (in bi… for Q3 FY2026
“$ 0.74”
Depreciation and amortization expense (in bi… for FY2026
“$ 2.91”
Interest expense, net of capitalized interes… for Q3 FY2026
“$ 0.27”
Interest expense, net of capitalized interes… for FY2026
“$ 1.07”
Adjusted EBITDA (in billions) for Q3 FY2026
“Approx. $2.88”
Adjusted EBITDA (in billions) for FY2026
“Approx. $7.11”
Adjusted net income (in billions) for Q3 FY2026
“Approx. $1.86”
Adjusted net income (in billions) for FY2026
“Approx. $3.07”
Adjusted earnings per share - diluted for Q3 FY2026
“Approx. $1.35”
Adjusted earnings per share - diluted for FY2026
“Approx. $2.22”
Weighted-average shares outstanding - basic for Q3 FY2026
“1,372”
Adjusted weighted-average shares outstanding… for Q3 FY2026
“1,377”
Adjusted weighted-average shares outstanding… for FY2026
“1,384”
AUD for FY2026
“$ 0.71”
CAD for FY2026
“$ 0.71”
EUR for FY2026
“$ 1.16”
GBP for FY2026
“$ 1.34”
Newbuild capital expenditures for FY2026
“$0.6 billion”
Non-newbuild capital expenditures for FY2026
“$1.3 billion”
Exhibit 99.1 · the passage around this item
… earlier in the release
Guidance (See “Non-GAAP Financial Measures,” “Reconciliation of Forecasted Data” and “Constant Currency”) 3Q 2026 Full Year 2026 Year over year change Current Dollars Constant Currency Current Dollars Constant Currency Net yields Approx. 1.3% Approx. 1.2% Approx. 3.2% Approx. 1.75% Adjusted cruise costs excluding fuel per ALBD Approx. 2.8% Approx. 2.8% Approx. 3.7% Approx. 2.4% 3Q 2026 Full Year 2026 ALBDs (in millions) (a) 24.9  97.4  Capacity growth compared to prior year 1.5  % 1.0  % Fuel consumption in metric tons (in millions) 0.7  2.7  Fuel cost per metric ton consumed (excluding emission allowances) $ 812  $ 713  Fuel expense (including emission allowances expense) (in billions) $ 0.62  $ 2.12  Depreciation and amortization expense (in billions) $ 0.74  $ 2.91  Interest expense, net of capitalized interest and interest income (in billions) $ 0.27  $ 1.07  Adjusted EBITDA (in billions) Approx. $2.88 Approx. $7.11 Adjusted net income (in billions) Approx. $1.86 Approx. $3.07 Adjusted earnings per share - diluted Approx. $1.35 Approx. $2.22 Weighted-average shares outstanding - basic 1,372 1,377 Adjusted weighted-average shares outstanding - diluted 1,377 1,384 (a)    See “Notes to Statistical Information.” Currencies (USD to 1) 3Q 2026 Full Year 2026 AUD $ 0.71  $ 0.70  CAD $ 0.71  $ 0.72  EUR $ 1.16  $ 1.16  GBP $ 1.34  $ 1.34  Sensitivities (impact to adjusted net income in millions) 3Q 2026 Remainder of 2026 1% change in net yields $ 60  $ 111  1% change in adjusted cruise costs excluding fuel per ALBD $ 27  $ 58  10% change in fuel cost per met
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.