CARNIVAL Corporation has achieved a record full year adjusted net income, with the company’s strong fiscal results for the year enabling it to reinstate its dividend.
The company posted a full-year net income of US$2.8 billion, with a record adjusted net income of US$3.1 billion, up more than 60%.
Carnival also posted full-year record revenues of US$26.6 billion on record net yields, outperforming guidance for the fourth time this year, which the company said was largely due to strong close-in demand.
The result, described by Chief Executive Officer Josh Weinstein (pictured) as “phenomenal”, allowed Carnival to approve the reinstatement of its quarterly dividend of US$0.15 per share, to be paid out in Feb.
“These milestones reflect the collective strength of our cruise line portfolio and confidence in our long-term future,” he said.
Other highlights included an all-time high full-year operating income of US$4.5 billion, up 25% compared to the prior year, and record full year adjusted EBITDA, of US$7.2 billion, up more than US$1 billion compared to 2024.
Carnival’s cumulative advanced booked position for next year remains in line with 2025 record levels, at historical high prices, boosted particularly by North America and Europe.
The last three months saw the company achieve record booking volumes for 2026 and 2027.
Carnival is projecting its full-year 2026 adjusted net income to be US$3.5 billion, surpassing record 2025 levels.
“The momentum is carrying into 2026, which is shaping up to surpass even these remarkable results with another year of double-digit earnings growth and return on invested capital expected to exceed 13.5%, closing in on our 20-year high,” Weintsein said.
“With our strengthened balance sheet, powerful and diverse portfolio of world-class cruise lines and exclusive destinations, we are well positioned to capitalise on a tremendous runway to continue driving yield improvement and exceptional returns,” he added. MS
