CCL at a glance
Carnival (CCL, SEC CIK 815097) filed its latest 10-K annual report on January 27, 2026, a 10-Q quarterly report on September 29, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as August 26, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended November 30, 2025 (FY2025), Carnival (CCL) reported revenue of $26.6 billion (up 6.4% from FY2024) and net income of $2.8 billion. Diluted EPS was $2.02.
- As of June 30, 2026, 39 institutional investment managers tracked by SignalX reported holding Carnival (CCL) shares worth $14.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by deynes bettina alejandra on May 28, 2026 of 43,058 shares at $28.10 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $26.6B
- +6.4% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 39 funds
- $14.2B · +38 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Nov 30, 2025
Risk Factors
- EU and UK emissions regulations plus IMO Strategy forcing capital investments and increased costs for emission allowances and carbon offsets
- Exposure to Caribbean adverse weather, including increased hurricane/typhoon intensity, impacting ports, itineraries, and infrastructure investments
- Limited number of shipyards causing potential shipbuilding repair/refurbishment delays due to labor strikes, supply chain, or insolvency issues
- Overcapacity and competition from other cruise brands and land-based vacations affecting sales, pricing, and port destination options
- Debt service obligations dependent on cash flows, with risk of covenant breach triggering defaults or acceleration of debt payments
Management Discussion & Analysis
- Total debt and interest payments due $32.2B through 2030, including $3.1B due in 2026
- Newbuild capital expenditures commitments $11.8B through 2030, with $0.5B planned in 2026
- Undrawn export credit facilities $7.8B, partially funding newbuild commitments
- Quarterly dividend reinstated at $0.15 per share starting Feb 2026
- Liquidity to be managed via cash flows, export credits, and diversified financial counterparties
Business Overview
- Core business: Largest global cruise company operating eight distinctive cruise lines with diverse vacation experiences worldwide
- New emphasis: Unification of dual-listed company under single Carnival Corporation entity, and legal incorporation shift from Panama to Bermuda planned for Q2 2026
- Strategic shift: Sunset of P&O Cruises (Australia) brand, folded into Carnival Cruise Line; enhanced focus on brand differentiation and targeted marketing programs
- Quantitative highlight: Over 160,000 employees from 150 countries; passenger capacity increased to 272,460 as of 2025 across 94 ships
- Noteworthy fact: Launched Paradise Collection port destinations in 2025 including Celebration Key with pier expansion for four ships by 2026, enhancing itinerary efficiency
AI summary of the CCL 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Aug 31, 2026
Management Discussion & Analysis
- Quarterly revenue $8.4B, up from $8.1B YoY, driven by $183M higher onboard revenue
- Operating margin 26.2% vs 28.4% YoY, with operating income $2.2B vs $2.3B
- North America largest segment, $5.5B revenue; Europe weakest operating trend, income $774M vs $810M
- Liquidity $5.7B, including $1.2B cash; operating cash flow $5.3B through nine months
- Headwinds: fuel prices, geopolitical tensions, foreign exchange, and 2026 ETS impact of approximately $160M
Risk Factors
- No Risk Factors section provided in the submitted text
- Share-repurchase execution risk from March 2026 $2.5 billion program
- $1.562 billion remaining authorization after 20.3 million shares purchased
- Repurchase timing constrained by market conditions, share prices, and legal requirements
AI summary of the CCL 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Filing signature only; no substantive Item 2.02 earnings information
- Signed by David Bernstein, Chief Financial Officer and Chief Accounting Officer
Item 7.01: Regulation FD Disclosure
- Reg FD filing provides no substantive operating, financial, or strategic disclosure in the supplied text
- Information designated not “filed” under Exchange Act Section 18, limiting liability treatment
Item 2.02: Results of Operations and Financial Condition
- Filing contains only signature information, not substantive Item 2.02 operating or financial results
- David Bernstein signed as Chief Financial Officer and Chief Accounting Officer on June 23, 2026
AI summaries of CCL 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CCL
Don't miss the next CCL filing
- Alerts as it files. A push when CCL files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut CCL, by share count.
- Ask anything. An AI agent that reads every CCL filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| ARISON MICKY MEIR | G | Aug 25, 2026 | 248,015 | - |
| ARISON MICKY MEIR | G | Aug 24, 2026 | 91,028 | - |
| deynes bettina alejandra | Sell | May 28, 2026 | 43,058 | $28.10 |
| Lahey Katie | F | May 11, 2026 | 616 | $26.38 |
| Gearhart Jeffrey J | F | May 11, 2026 | 616 | $26.38 |
| WEIL LAURA A | F | May 11, 2026 | 616 | $26.38 |
| SUBOTNICK STUART | Sell | May 11, 2026 | 0.213 | $25.22 |
| cahilly jason glen | F | May 11, 2026 | 616 | $26.38 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $25.0B | $26.6B |
| Operating Income | - | $3.6B | $4.5B |
| Net Income | -$74.0M | $1.9B | $2.8B |
| Op. Margin | - | 14.3% | 16.8% |
| Net Margin | - | 7.7% | 10.4% |
| Balance Sheet | |||
| Total Assets | $49.1B | $49.1B | $51.7B |
| Equity | - | $9.3B | $12.3B |
| ROE | - | 20.7% | 22.5% |
| Per Share | |||
| EPS | $-0.06 | $1.44 | $2.02 |
| Cash Flow | |||
| Operating CF | - | $5.9B | $6.2B |
| CapEx | $3.3B | $4.6B | $3.6B |
Source: XBRL data in Carnival (CCL)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CCL share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 39 | $14.16B |
| Q1 2026 | 1 | $60.3M |
- T. Rowe Price Group−495.7K (-21%)
- BlackRock+96.30M
- Vanguard Capital Management LLC+82.68M
- Vanguard Portfolio Management LLC+62.41M
- State Street Corp+58.22M
- FMR LLC (Fidelity)+35.77M
Source: 13F-HR filings on SEC EDGAR (aggregated from 40 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CCL filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 10-Q | Sep 29, 2026 | Aug 31, 2026 | Analysis | |
| 4 | Aug 26, 2026 | - | - | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Jun 26, 2026 | May 31, 2026 | Analysis | |
| 8-K | Jun 23, 2026 | - | Analysis | - |
| 4 | Jun 1, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 23, 2026 | - | - | - |
| 4 | Apr 23, 2026 | - | - | - |
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CCL SEC filings: frequently asked questions
Which institutions hold CCL stock?
As of June 30, 2026, the largest Carnival (CCL) holders among the 13F filers tracked by SignalX were BlackRock ($2.8 billion), Vanguard Capital Management LLC ($2.4 billion), Vanguard Portfolio Management LLC ($1.8 billion), State Street Corp ($1.7 billion), FMR LLC (Fidelity) ($1.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CCL's revenue in fiscal year 2025?
For the fiscal year ended November 30, 2025 (FY2025), Carnival (CCL) reported revenue of $26.6 billion (up 6.4% from FY2024) and net income of $2.8 billion. Diluted EPS was $2.02. The figures come from the XBRL data in the 10-K.
What are the main risks in CCL's latest 10-K?
In the 10-K filed January 27, 2026, Carnival (CCL) flagged: EU and UK emissions regulations plus IMO Strategy forcing capital investments and increased costs for emission allowances and carbon offsets. Exposure to Caribbean adverse weather, including increased hurricane/typhoon intensity, impacting ports, itineraries, and infrastructure investments. (AI summary of the Risk Factors section.)
What did CCL report in its latest 8-K?
Carnival (CCL) filed an 8-K on September 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Filing signature only; no substantive Item 2.02 earnings information.
What are the latest CCL SEC filings?
Carnival (CCL) filed its latest 10-K annual report on January 27, 2026, a 10-Q quarterly report on September 29, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on August 26, 2026.
What is CCL's SEC CIK number?
Carnival (CCL)'s SEC Central Index Key (CIK) is 815097. EDGAR lists every CCL filing under that number.
Ask anything about CCL
The research agent reads CCL's filings, financials, insider trades and 13F holders, then answers with sources.