Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds .
Issuer Purchases of Equity Securities
In March 2026, we announced a share repurchase program of up to $2.5 billion (“Repurchase Program”). The timing, volume and structure of any share repurchases will be subject to market and general economic conditions, the prevailing share price(s) and applicable legal requirements. The Repurchase Program does not have an expiration date.
During the three months ended May 31, 2026, purchases of Carnival Corporation common shares pursuant to the Repurchase Program were as follows:
Period Total number of shares purchased (a)
(in millions)
Average price paid per Common Share Maximum dollar value that may yet be purchased under the Repurchase Program
(in millions)
March 1, 2026 through March 31, 2026
— $ — $ 2,500
April 1, 2026 through April 30, 2026
3.4 $ 26.56 $ 2,410
May 1, 2026 through May 31, 2026
11.7 $ 25.65 $ 2,110
Total 15.1 $ 25.85
(a) No shares of Carnival Corporation were purchased outside of publicly announced plans or programs.
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