Carnival (LIM:CCL) Total Operating Expense: $6,388 Mil (TTM As of May. 2026)


LIM:CCL Carnival Corporation Ltd LIM:CCL
64 GF Score
Price $25.60
GF Value $22.05
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Carnival Total Operating Expense?

Carnival LIM:CCL 64 Total Operating Expense is $6,388 Mil as of May. 2026. GuruFocus rates LIM:CCL with a GF Score™ of 64/100 and a GF Value™ of $22.05 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Carnival's Total Operating Expense for the three months ended in May. 2026 was $1,586 Mil. Carnival's Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 was $6,388 Mil.

Carnival Total Operating Expense Related Terms

Carnival Total Operating Expense Historical Data

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The historical data trend for Carnival's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Carnival Total Operating Expense Chart

Carnival Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,118.00 4,790.00 5,320.00 5,809.00 6,192.00

Carnival Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,508.00 1,496.00 1,686.00 1,620.00 1,586.00
LIM:CCL
64GF Score
Carnival Corporation Ltd LIM:CCL
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Carnival Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,388 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $6,388 Mil mean?
Carnival (LIM:CCL) has a Total Operating Expense of $6,388 Mil as of May. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Carnival and its competitors.
Is Carnival's Total Operating Expense too high?
Carnival's current Total Operating Expense is $6,388 Mil. Overall, Carnival has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival's Total Operating Expense compare to VIK and EXPE?
Carnival's Total Operating Expense of $6,388 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Travel & Leisure company?
A good Total Operating Expense depends on the Travel & Leisure industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Carnival and its competitors. Carnival's current Total Operating Expense is $6,388 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival stock overvalued right now?
Based on GuruFocus' analysis, Carnival (LIM:CCL) is currently considered Modestly Overvalued. The stock's GF Value™ is $22.05, compared to a current price of $25.60 — trading 16.1% above its estimated fair value. The current Total Operating Expense is $6,388 Mil. Carnival's overall GF Score™ is 64/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Carnival (LIM:CCL), the current Total Operating Expense is $6,388 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carnival (LIM:CCL) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival stock appears to be overvalued. The current stock price of $25.60 is trading 16.1% above its estimated GF Value™ of $22.05. GuruFocus considers Carnival to be Modestly Overvalued.

Key valuation signals for LIM:CCL:

  • Total Operating Expense: $6,388 Mil
  • GF Value™: $22.05 vs. price of $25.60 (16.1% above fair value)
  • GF Score™: 64/100 with 5 warning signs

No single metric tells the full story. See the LIM:CCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Carnival Business Description

Address 3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
Carnival is the largest global cruise company, with nearly 100 ships in service. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It recently folded its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 14 million guests in 2025.
64GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.60
Price
$22.05
GF Value