Carnival Corp. (NYSE: CCL) has made a significant recovery following its struggles during the COVID-19 pandemic in 2020. The cruise line reported record-breaking revenue, bookings, and operating profits in Q3, showcasing its strong rebound. However, Carnival’s stock has lagged behind the broader market, returning only 2.3% in 2025 compared to the S&P 500’s 16.4%. As the company approaches 2026, it may face pivotal developments that could impact its stock performance.
