Overview

• Since October 2022, Carnival shares have gained 285%, eclipsing the S&P 500’s 86% total return over the same span.
• Revenue reached $8.2 billion in Q3 2025 (ended Aug. 31), up 89% versus the comparable quarter three years earlier.
• The company has returned to producing positive net income following its pandemic-era losses.
• Customer deposits ended the quarter at a record level, highlighting durable demand and strong bookings.
• Management has been refinancing and paying down debt, while Motley Fool’s latest Stock Advisor top-10 list did not include Carnival.