Carnival Corporation Celebrates 12th Consecutive Quarter of Record Net Yields

Carnival Corporation has achieved another record quarter, setting new standards for revenues, net yields, net income and customer deposits.

“We achieved another quarter of record results, marking our twelfth consecutive quarter of record net yields and delivering over 20% more to the bottom line, overcoming extreme geopolitical headwinds and nearly 30% higher fuel costs,” said Carnival Corporation CEO Josh Weinstein.

Highlights included: 

• Net income of $537 million with record adjusted net income of $569 million, up over 20% year-over-year.
• Record revenues of $6.7 billion with record net yields, demonstrating continued demand strength.
• All-time high customer deposits of $9.0 billion, up over $450 million compared to the prior year record.
• Booked position for the remainder of 2026 ahead of prior year at historically high prices, with demand for 2027 and beyond continuing to exceed prior-year levels.

The positive results came despite significantly higher fuel costs and a volatile world scene.

“Our booked position for the second half of 2026 is higher than last year, at historically high prices, despite navigating more than a full quarter of extreme geopolitical volatility that primarily impacted booking trends for our European deployments, particularly in the Mediterranean region, which were closest in proximity to the conflict in the Middle East,” Weinstein said. 

“For those deployments, we leaned into the substantial occupancy advantage we had strategically built to deliberately prioritize pricing integrity. We are now 93% booked for the year with less inventory remaining for sale than this time last year and are on track for record net yields in the second half of 2026,” Weinstein added.

“Looking further out, demand for 2027 and beyond remains strong. Since March, booking volumes and prices for these future sailings have been running ahead of prior year levels, including a substantial increase in bookings for our European deployments next year. These trends reinforce our confidence in the longer-term demand environment.”