Royal Caribbean Cruises Ltd (RCL) stock
RCLNYSEWater TransportationFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 27, 2026Score 11/3035% above fair value
$307.18−3.36 (-1.08%)
Close on Oct 30, 2026Market cap $82.16BP/E 19.0Yield 1.14%
Earnings
Royal Caribbean Cruises's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Jan 28, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$5.60B
+9.8% on a year earlier
Adjusted EPS, Q3 FY2026
$6.57
$5.75 a year earlier
Latest guidance
Raised
Oct 27, 2026 · 18 items
Quarterly results
Revenue and earnings per share from each of Royal Caribbean Cruises's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Jan 28, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 27, 2026before the open | $5.60B | +9.8% | $6.45 | $6.57 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 28, 2026before the open | $4.80B | +6.7% | $4.20 | $4.21 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 30, 2026before the open | $4.50B | +12.5% | $3.48 | $3.60 | Release |
| Q4 FY2025ended Dec 31, 2025 | Jan 29, 2026before the open | $4.30B | +13.2% | $2.76 | $2.80 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 28, 2025before the open | $5.10B | +4.1% | $5.74 | $5.75 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 29, 2025before the open | $4.50B | +9.8% | $4.41 | $4.38 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 29, 2025before the open | $4.00B | +8.1% | $2.70 | $2.71 | Release |
| Q4 FY2024ended Dec 31, 2024 | Jan 28, 2025before the open | $3.80B | +15.2% | $2.02 | $1.63 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 29, 2024before the open | $4.90B | +16.7% | $4.21 | $5.20 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 25, 2024before the open | $4.10B | +17.1% | $3.11 | $3.21 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 25, 2024before the open | $3.70B | +27.6% | $1.35 | $1.77 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 1, 2024before the open | $3.30B | +26.9% | $1.06 | $1.25 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 26, 2023before the open | $4.20B | +40.0% | $3.65 | $3.85 | Release |
| Q2 FY2023ended Jun 30, 2023 | Jul 27, 2023before the open | $3.50B | +60.2% | $1.70 | $1.82 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 4, 2023before the open | $2.90B | +173.8% | -$0.19 | -$0.23 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 7, 2023before the open | $2.60B | +164.7% | -$1.96 | -$1.12 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 3, 2022before the open | $3.00B | +556.5% | $0.13 | $0.26 | Release |
| Q2 FY2022ended Jun 30, 2022 | Jul 28, 2022before the open | $2.18B | – | -$2.05 | -$2.08 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 5, 2022before the open | $1.06B | – | -$4.58 | -$4.57 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 4, 2022before the open | $982.25M | – | -$5.33 | -$4.78 | Release |
| Q3 FY2021ended Sep 30, 2021 | Oct 29, 2021before the open | $456.96M | – | -$5.59 | -$4.91 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 4, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | Apr 29, 2021before the open | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 22, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Oct 29, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Royal Caribbean Cruises's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Total revenue | Q4 FY2026 | +9% | – | New | Oct 27, 2026 |
| Adjusted EPSnon-GAAP | Q4 FY2026 | $3.48 – $3.58 | – | New | Oct 27, 2026 |
| fuel expense | Q4 FY2026 | $379.00M | – | New | Oct 27, 2026 |
| NCC, excluding Fuel, per APCDGAAP | Q4 FY2026 | -1.5% – -1% | – | Lowered | Oct 27, 2026 |
| NCC, excluding Fuel, per APCDnon-GAAP | Q4 FY2026 | -1.4% – -0.9% | – | Lowered | Oct 27, 2026 |
| Net YieldsGAAP | Q4 FY2026 | +4.4% – +4.9% | – | New | Oct 27, 2026 |
| Net Yieldsnon-GAAP | Q4 FY2026 | +4.2% – +4.7% | – | New | Oct 27, 2026 |
| Revenue | FY2026 | +9% | – | New | Oct 27, 2026 |
| Revenue | FY2026 | +9% | +10% | Lowered | Jul 28, 2026 |
| Adjusted EPSnon-GAAP | FY2026 | $17.85 – $17.95 | – | New | Oct 27, 2026 |
| Adjusted EPSnon-GAAP | FY2026 | $17.73 – $17.87 | $17.10 – $17.50 | Raised | Jul 28, 2026 |
| Capital expenditures | FY2026 | $4.70B | $5.00B | Lowered | Jul 28, 2026 |
| Non-new ship related capital expenditures | FY2026 | $1.50B | – | Lowered | Oct 27, 2026 |
| Capacity changes | FY2026 | +6.6% | +6% | Raised | Oct 27, 2026 |
| Depreciation and amortization | FY2026 | $1.91B – $1.92B | $1.91B – $1.92B | Raised | Jul 28, 2026 |
| Fuel Expenses | FY2026 | $1.35B | – | New | Apr 30, 2026 |
| NCC, exclud ing Fuel, per APCD (Constant Currency)non-GAAP | FY2026 | 0% – +1% | – | Lowered | Jan 29, 2026 |
| NCC, excluding Fuel, per APCDGAAP | FY2026 | +0.4% | – | Lowered | Oct 27, 2026 |
| NCC, excluding Fuel, per APCD as-reportednon-GAAP | FY2026 | +0.4% | +0.5% | Lowered | Jul 28, 2026 |
| Net Cruise Costs per APCD vs. 2025 (As-Reported) | FY2026 | +1.7% | – | Lowered | Jul 28, 2026 |
| Net Cruise Costs per APCD vs. 2025 (Constant Currency)non-GAAP | FY2026 | +1.4% | +1.5% | Raised | Jul 28, 2026 |
| Net Cruise Costs per APCD vs. 2025 As-Reportednon-GAAP | FY2026 | +1.9% | – | Raised | Apr 30, 2026 |
| Net Interest, excluding loss on extinguishment of debt | FY2026 | $980.00M – $990.00M | $985.00M – $995.00M | Lowered | Jul 28, 2026 |
| Net YieldsGAAP | FY2026 | +2.7% | – | New | Oct 27, 2026 |
| Net Yieldsnon-GAAP | FY2026 | +2.1% | – | New | Oct 27, 2026 |
| Net Yields as-reported | FY2026 | +2.35% – +2.85% | +2.3% – +3.3% | Raised | Jul 28, 2026 |
| Net Yields Constant Currency | FY2026 | +1.5% – +2.5% | – | Lowered | Apr 30, 2026 |
| Net Yields in Constant Currencynon-GAAP | FY2026 | +1.75% – +2.25% | – | Raised | Jul 28, 2026 |
| Net Yields vs. 2025 (As-Reported)non-GAAP | FY2026 | +2.1% – +4.1% | – | New | Jan 29, 2026 |
| Net Yields vs. 2025 (Constant Currency)non-GAAP | FY2026 | +1.5% – +3.5% | – | Lowered | Jan 29, 2026 |
| Capacity changes | FY2027 | +4.5% | +5% | Lowered | Oct 27, 2026 |
| Capacity changes | FY2028 | +6% | +6% | Reaffirmed | Oct 27, 2026 |
| Capacity changes | FY2029 | +6.5% | – | New | Oct 27, 2026 |
Guidance vs results
The last range Royal Caribbean Cruises gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| Q3 FY2026 | Adjusted EPS | $6.26 – $6.36 | $6.57 | Above range |
| Q3 FY2026 | Revenue growth | +8% | +9.8% | Above range |
| Q2 FY2026 | Adjusted EPS | $3.83 – $3.93 | $4.21 | Above range |
| Q1 FY2026 | Adjusted EPS | $3.18 – $3.28 | $3.60 | Above range |
| FY2025 | Adjusted EPS | $15.58 – $15.63 | $15.64Σ4Q | Above range |
| Q4 FY2025 | Adjusted EPS | $2.74 – $2.79 | $2.80 | Above range |
| Q3 FY2025 | Adjusted EPS | $5.55 – $5.65 | $5.75 | Above range |
| Q2 FY2025 | Adjusted EPS | $4.00 – $4.10 | $4.38 | Above range |
| Q1 FY2025 | Adjusted EPS | $2.43 – $2.53 | $2.71 | Above range |
| Q4 FY2024 | Adjusted EPS | $1.40 – $1.45 | $1.63 | Above range |
| Q3 FY2024 | Adjusted EPS | $4.90 – $5.00 | $5.20 | Above range |
| Q2 FY2024 | Adjusted EPS | $2.65 – $2.75 | $3.21 | Above range |
| Q1 FY2024 | Adjusted EPS | $1.10 – $1.20 | $1.77 | Above range |
| Q4 FY2023 | Adjusted EPS | $1.05 – $1.10 | $1.25 | Above range |
| Q3 FY2023 | Adjusted Earnings per Share | $3.38 – $3.48 | $3.85 | Above range |
| Q2 FY2023 | Adjusted Earnings per Share | $1.50 – $1.60 | $1.82 | Above range |
| Q1 FY2023 | Adjusted Loss per Share | -$0.85 – -$0.65 | -$0.23 | Above range |
| Q4 FY2022 | Adjusted Loss per Share | -$1.50 – -$1.30 | -$1.12 | Above range |
| Q4 FY2022 | Revenue | $2.60B | $2.60B | Within range |
| Q3 FY2022 | Adjusted Earnings Per Share | $0.05 – $0.25 | $0.26 | Above range |
| Q3 FY2022 | Revenue | $2.90B – $3.00B | $3.00B | Within range |
Guidance history
Every forecast Royal Caribbean Cruises put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 27, 2026 | Non-new ship related capital expenditures | FY2026 | $1.50B | Lowered |
| Oct 27, 2026 | Capital expenditures | FY2026 | $4.60B | New |
| Oct 27, 2026 | Adjusted EPS | Q4 FY2026 | $3.48 – $3.58 | New |
| Oct 27, 2026 | Adjusted EPS | FY2026 | $17.85 – $17.95 | New |
| Oct 27, 2026 | Capacity changes | FY2027 | +4.5% | Lowered |
| Oct 27, 2026 | Capacity changes | FY2028 | +6% | Reaffirmed |
| Oct 27, 2026 | Capacity changes | FY2029 | +6.5% | New |
| Oct 27, 2026 | Net Yields | Q4 FY2026 | +4.4% – +4.9% | New |
| Oct 27, 2026 | Net Yields | Q4 FY2026 | +4.2% – +4.7% | New |
| Oct 27, 2026 | Net Yields | FY2026 | +2.7% | New |
| Oct 27, 2026 | NCC, excluding Fuel, per APCD | FY2026 | +0.4% | Lowered |
| Oct 27, 2026 | Net Yields | FY2026 | +2.1% | New |
| Oct 27, 2026 | NCC, excluding Fuel, per APCD | Q4 FY2026 | -1.5% – -1% | Lowered |
| Oct 27, 2026 | NCC, excluding Fuel, per APCD | Q4 FY2026 | -1.4% – -0.9% | Lowered |
| Oct 27, 2026 | fuel expense | Q4 FY2026 | $379.00M | New |
| Oct 27, 2026 | Capacity changes | FY2026 | +6.6% | Raised |
| Oct 27, 2026 | Total revenue | Q4 FY2026 | +9% | New |
| Oct 27, 2026 | Revenue | FY2026 | +9% | New |
| Jul 28, 2026 | Capital expenditures | FY2026 | $4.70B | Lowered |
| Jul 28, 2026 | Non-new ship related capital expenditures | FY2026 | $1.60B | Lowered |
| Jul 28, 2026 | Adjusted EPS | FY2026 | $17.73 – $17.87 | Raised |
| Jul 28, 2026 | Adjusted EPS | Q3 FY2026 | $6.26 – $6.36 | New |
| Jul 28, 2026 | Net Yields as-reported | FY2026 | +2.35% – +2.85% | Raised |
| Jul 28, 2026 | Net Cruise Costs per APCD vs. 2025 (As-Reported) | FY2026 | +1.7% | Lowered |
| Jul 28, 2026 | Net Yields in Constant Currency | FY2026 | +1.75% – +2.25% | Raised |
| Jul 28, 2026 | NCC, excluding Fuel, per APCD as-reported | FY2026 | +0.4% | Lowered |
| Jul 28, 2026 | Net Cruise Costs per APCD vs. 2025 (Constant Currency) | FY2026 | +1.4% | Raised |
| Jul 28, 2026 | Depreciation and amortization | FY2026 | $1.91B – $1.92B | Raised |
| Jul 28, 2026 | Net Interest, excluding loss on extinguishment of debt | FY2026 | $980.00M – $990.00M | Lowered |
| Jul 28, 2026 | Net Cruise Costs per APCD vs. 2025 (As-Reported) | Q3 FY2026 | +0.3% – +0.8% | New |
| Jul 28, 2026 | NCC, excluding Fuel, per APCD as-reported | Q3 FY2026 | -1.7% – -1.2% | New |
| Jul 28, 2026 | NCC, excluding Fuel, per APCD in Constant Currency | Q3 FY2026 | -1.6% – -1.1% | Raised |
| Jul 28, 2026 | Net Cruise Costs per APCD vs. 2025 (Constant Currency) | Q3 FY2026 | +0.4% – +0.9% | Raised |
| Jul 28, 2026 | Depreciation and amortization | Q3 FY2026 | $485.00M – $495.00M | New |
| Jul 28, 2026 | Net Interest, excluding loss on extinguishment of debt | Q3 FY2026 | $255.00M – $265.00M | Lowered |
| Jul 28, 2026 | Revenue | FY2026 | +9% | Lowered |
| Jul 28, 2026 | total revenue | Q3 FY2026 | +8% | New |
| Apr 30, 2026 | Capital expenditures | FY2026 | $5.00B | Raised |
| Apr 30, 2026 | Adjusted EPS | FY2026 | $17.10 – $17.50 | Lowered |
| Apr 30, 2026 | Adjusted EPS | Q2 FY2026 | $3.83 – $3.93 | New |
| Apr 30, 2026 | Net Yields as-reported | FY2026 | +2.3% – +3.3% | New |
| Apr 30, 2026 | Net Yields Constant Currency | FY2026 | +1.5% – +2.5% | Lowered |
| Apr 30, 2026 | NCC, excluding Fuel, per APCD as-reported | FY2026 | +0.5% | Narrowed |
| Apr 30, 2026 | Net Cruise Costs per APCD vs. 2025 As-Reported | FY2026 | +1.9% | Raised |
| Apr 30, 2026 | Net Cruise Costs per APCD vs. 2025 Constant Currency | FY2026 | +1.5% | Lowered |
| Apr 30, 2026 | Fuel Expenses | FY2026 | $1.35B | New |
| Apr 30, 2026 | Depreciation and amortization | FY2026 | $1.91B – $1.92B | Raised |
| Apr 30, 2026 | Net Interest, excluding loss on extinguishment of debt | FY2026 | $985.00M – $995.00M | Lowered |
| Apr 30, 2026 | Net Yields as-reported | Q2 FY2026 | +0.9% | New |
| Apr 30, 2026 | Net Yields Constant Currency | Q2 FY2026 | +0.2% | Lowered |
| Apr 30, 2026 | NCC, excluding Fuel, per APCD as-reported | Q2 FY2026 | +4.9% – +5.4% | New |
| Apr 30, 2026 | NCC, excluding Fuel, per APCD Constant Currency | Q2 FY2026 | +4.6% – +5.1% | Lowered |
| Apr 30, 2026 | Net Cruise Costs per APCD vs. 2025 As-Reported | Q2 FY2026 | +6.8% – +7.3% | Raised |
| Apr 30, 2026 | Net Cruise Costs per APCD vs. 2025 Constant Currency | Q2 FY2026 | +6.5% – +7% | Lowered |
| Apr 30, 2026 | Fuel Expenses | Q2 FY2026 | $346.00M | New |
| Apr 30, 2026 | Depreciation and amortization | Q2 FY2026 | $465.00M – $475.00M | Raised |
| Apr 30, 2026 | Net Interest, excluding loss on extinguishment of debt | Q2 FY2026 | $230.00M – $240.00M | Lowered |
| Apr 30, 2026 | Revenue | FY2026 | +10% | New |
| Jan 29, 2026 | Capital expenditures | FY2026 | $5.00B | New |
| Jan 29, 2026 | Non-new ship related capital expenditures | FY2026 | $1.80B | Lowered |
| Jan 29, 2026 | Adjusted EPS | FY2026 | $17.70 – $18.10 | New |
| Jan 29, 2026 | Adjusted EPS | Q1 FY2026 | $3.18 – $3.28 | New |
| Jan 29, 2026 | Net Yields vs. 2025 (As-Reported) | FY2026 | +2.1% – +4.1% | New |
| Jan 29, 2026 | Net Yields vs. 2025 (Constant Currency) | FY2026 | +1.5% – +3.5% | Lowered |
| Jan 29, 2026 | NCC, exclud ing Fuel, per APCD (As-Reported) | FY2026 | +0.4% – +1.4% | Lowered |
| Jan 29, 2026 | NCC, exclud ing Fuel, per APCD (Constant Currency) | FY2026 | 0% – +1% | Lowered |
| Jan 29, 2026 | Net Yields (As-Reported) | Q1 FY2026 | +2.4% – +2.9% | New |
| Jan 29, 2026 | Net Yields (Constant-Currency) | Q1 FY2026 | +1% – +1.5% | Lowered |
| Jan 29, 2026 | NCC, excluding Fuel, per APCD (As-Reported) | Q1 FY2026 | +1.7% – +2.2% | Raised |
| Jan 29, 2026 | NCC, excluding Fuel, per APCD (Constant-Currency) | Q1 FY2026 | +0.9% – +1.4% | Lowered |
| Oct 28, 2025 | Capital expenditures | FY2025 | $5.00B | Reaffirmed |
| Oct 28, 2025 | Adjusted EPS | FY2025 | $15.58 – $15.63 | Raised |
| Oct 28, 2025 | Adjusted EPS | Q4 FY2025 | $2.74 – $2.79 | New |
| Jul 29, 2025 | Capital expenditures | FY2025 | $5.00B | New |
| Jul 29, 2025 | Adjusted EPS | FY2025 | +31% | New |
| Jul 29, 2025 | Adjusted EPS | FY2025 | $15.41 – $15.55 | New |
| Jul 29, 2025 | Adjusted EPS | Q3 FY2025 | $5.55 – $5.65 | New |
| Jul 29, 2025 | Net Yields | FY2025 | +3.5% – +4% | New |
| Jul 29, 2025 | NCC, excluding Fuel, per APCD as-reported | FY2025 | +0.5% | New |
| Jul 29, 2025 | NCC, excluding Fuel, per APCD Constant Currency | FY2025 | +0.3% | Lowered |
| Jul 29, 2025 | Net Yields as-reported | Q3 FY2025 | +2.3% – +2.8% | New |
| Jul 29, 2025 | Net Yields Constant Currency | Q3 FY2025 | +2% – +2.5% | New |
| Jul 29, 2025 | NCC, excluding Fuel, per APCD as-reported | Q3 FY2025 | +6.4% – +6.9% | Raised |
| Jul 29, 2025 | NCC, excluding Fuel, per APCD Constant Currency | Q3 FY2025 | +6% – +6.5% | Lowered |
| Apr 29, 2025 | Capital expenditures | FY2025 | $5.00B | Raised |
| Apr 29, 2025 | Non-new ship related capital expenditures | FY2025 | $1.60B | Lowered |
| Apr 29, 2025 | Adjusted EPS | Q2 FY2025 | $4.00 – $4.10 | New |
| Apr 29, 2025 | Adjusted EPS growth | FY2025 | +28% | New |
| Apr 29, 2025 | Adjusted EPS | FY2025 | $14.55 – $15.55 | Raised |
| Apr 29, 2025 | APCDs | Q2 FY2025 | 12.9 | New |
| Apr 29, 2025 | Net Yields as-reported | Q2 FY2025 | +4.4% – +4.9% | New |
| Apr 29, 2025 | Net Cruise Costs per APCD vs. 2024 As-Reported | Q2 FY2025 | +2.8% – +3.3% | Lowered |
| Apr 29, 2025 | Capacity change vs. 2024 | Q2 FY2025 | +5.8% | Raised |
| Apr 29, 2025 | Net Yields in Constant Currency | Q2 FY2025 | +4.3% – +4.8% | New |
| Apr 29, 2025 | NCC, excluding Fuel, per APCD as-reported | Q2 FY2025 | +4.1% – +4.6% | Lowered |
| Apr 29, 2025 | NCC, excluding Fuel, per APCD in Constant Currency | Q2 FY2025 | +3.7% – +4.2% | Lowered |
| Apr 29, 2025 | Net Cruise Costs per APCD vs. 2024 Constant Currency | Q2 FY2025 | +2.4% – +2.9% | Lowered |
| Apr 29, 2025 | fuel expense | Q2 FY2025 | $286.00M | New |
| Apr 29, 2025 | Depreciation and amortization | Q2 FY2025 | $415.00M – $425.00M | Raised |
| Apr 29, 2025 | Net Interest, excluding loss on extinguishment of debt | Q2 FY2025 | $220.00M – $230.00M | Lowered |
| Apr 29, 2025 | APCDs | FY2025 | 53.3 | New |
| Apr 29, 2025 | Net Yields as-reported | FY2025 | +2.5% – +4.5% | Raised |
| Apr 29, 2025 | Net Cruise Costs per APCD vs. 2024 As-Reported | FY2025 | -1% – 0% | Lowered |
| Apr 29, 2025 | Capacity change vs. 2024 | FY2025 | +5.5% | Raised |
| Apr 29, 2025 | Net Yields in Constant Currency | FY2025 | +2.6% – +4.6% | Raised |
| Apr 29, 2025 | NCC, excluding Fuel, per APCD as-reported | FY2025 | +0.1% – +1.1% | Lowered |
| Apr 29, 2025 | NCC, excluding Fuel, per APCD in Constant Currency | FY2025 | -0.1% – +0.9% | Lowered |
| Apr 29, 2025 | Net Cruise Costs per APCD vs. 2024 Constant Currency | FY2025 | -1.2% – -0.2% | Lowered |
| Apr 29, 2025 | Fuel Expenses | FY2025 | $1.14B | New |
| Apr 29, 2025 | Depreciation and amortization | FY2025 | $1.71B – $1.72B | Raised |
| Apr 29, 2025 | Net Interest, excluding loss on extinguishment of debt | FY2025 | $940.00M – $950.00M | Lowered |
| Apr 29, 2025 | Capacity changes | FY2026 | +6% | Lowered |
| Apr 29, 2025 | Capacity changes | FY2027 | +5% | Reaffirmed |
| Apr 29, 2025 | Capacity changes | FY2028 | +6% | New |
| Jan 28, 2025 | Capital expenditures | FY2025 | $5.00B | New |
| Jan 28, 2025 | Non-new ship related capital expenditures | FY2025 | $1.60B | Lowered |
| Jan 28, 2025 | Adjusted EPS | Q1 FY2025 | $2.43 – $2.53 | New |
| Jan 28, 2025 | Adjusted EPS | FY2025 | $14.35 – $14.65 | New |
| Jan 28, 2025 | Net Yields as-reported | Q1 FY2025 | +3.9% – +4.4% | New |
| Jan 28, 2025 | NCC, excluding Fuel, per APCD as-reported | Q1 FY2025 | +1.3% – +1.8% | Lowered |
| Jan 28, 2025 | Net Yields in Constant-Currency | Q1 FY2025 | +4.75% – +5.25% | New |
| Jan 28, 2025 | NCC, excluding Fuel, per APCD in Constant-Currency | Q1 FY2025 | +1.6% – +2.1% | Lowered |
| Jan 28, 2025 | Net Yields as-reported | FY2025 | +1.8% – +3.8% | Lowered |
| Jan 28, 2025 | NCC, excluding Fuel, per APCD as-reported | FY2025 | -0.3% – +0.7% | Lowered |
| Jan 28, 2025 | Net Yields in Constant Currency | FY2025 | +2.5% – +4.5% | New |
| Jan 28, 2025 | NCC, excluding Fuel, per APCD in Constant Currency | FY2025 | 0% – +1% | Lowered |
| Oct 29, 2024 | Capital expenditures | FY2024 | $3.40B | Lowered |
| Oct 29, 2024 | Non-new ship related capital expenditures | FY2024 | $700.00M | Lowered |
| Oct 29, 2024 | Adjusted EPS | Q4 FY2024 | $1.40 – $1.45 | New |
| Oct 29, 2024 | Adjusted EPS | FY2024 | $11.57 – $11.62 | Raised |
| Oct 29, 2024 | Net Yields in Constant Currency | Q4 FY2024 | +5.1% – +5.6% | New |
| Oct 29, 2024 | Net Yields as-reported | Q4 FY2024 | +5.3% – +5.8% | Raised |
| Oct 29, 2024 | NCC, excluding Fuel, per APCD in Constant Currency | Q4 FY2024 | +11.6% – +12.1% | Raised |
| Oct 29, 2024 | NCC, excluding Fuel, per APCD as-reported | Q4 FY2024 | +11.7% – +12.2% | Raised |
| Oct 29, 2024 | Net Cruise Costs per APCD vs. 2023 (As-Reported) | Q4 FY2024 | +7.8% – +8.3% | Lowered |
| Oct 29, 2024 | Net Cruise Costs per APCD vs. 2023 (Constant Currency) | Q4 FY2024 | +7.7% – +8.2% | Lowered |
| Oct 29, 2024 | Fuel Expenses | Q4 FY2024 | $285.00M | New |
| Oct 29, 2024 | Depreciation and amortization | Q4 FY2024 | $410.00M – $420.00M | Raised |
| Oct 29, 2024 | Net Interest, excluding loss on extinguishment of debt | Q4 FY2024 | $250.00M – $260.00M | New |
| Oct 29, 2024 | Net Yields in Constant Currency | FY2024 | +10.8% – +11.3% | New |
| Oct 29, 2024 | Net Yields as-reported | FY2024 | +10.9% – +11.4% | Raised |
| Oct 29, 2024 | NCC, excluding Fuel, per APCD in Constant Currency and as-reported | FY2024 | +6.2% – +6.7% | Lowered |
| Oct 29, 2024 | Net Cruise Costs per APCD vs. 2023 | FY2024 | +4% – +4.5% | Lowered |
| Oct 29, 2024 | Capacity changes | FY2024 | +8% | Raised |
| Oct 29, 2024 | Adjusted EPS growth year-over-year | FY2024 | +71% | Raised |
| Oct 29, 2024 | Fuel Expenses | FY2024 | $1.16B | New |
| Oct 29, 2024 | Depreciation and amortization | FY2024 | $1.59B – $1.60B | Raised |
| Oct 29, 2024 | Net Interest, excluding loss on extinguishment of debt | FY2024 | $1.11B – $1.12B | Lowered |
| Oct 29, 2024 | Capacity changes | FY2025 | +5% | New |
| Oct 29, 2024 | Capacity changes | FY2026 | +7% | New |
| Oct 29, 2024 | Capacity changes | FY2027 | +5% | New |
| Jul 25, 2024 | Capital expenditures | FY2024 | $3.50B | Raised |
| Jul 25, 2024 | Adjusted EPS | Q3 FY2024 | $4.90 – $5.00 | New |
| Jul 25, 2024 | Adjusted EPS | FY2024 | $11.35 – $11.45 | Raised |
| Jul 25, 2024 | Net Yields | Q3 FY2024 | +6.5% – +7% | New |
| Jul 25, 2024 | NCC, excluding Fuel, per APCD | Q3 FY2024 | +4.7% – +5.2% | Lowered |
| Jul 25, 2024 | Depreciation and amortization | Q3 FY2024 | $405.00M – $415.00M | New |
| Jul 25, 2024 | Net Interest, excluding loss on extinguishment of debt | Q3 FY2024 | $275.00M – $285.00M | New |
| Jul 25, 2024 | NCC, excluding Fuel, per APCD | FY2024 | +6% | Lowered |
| Jul 25, 2024 | Depreciation and amortization | FY2024 | $1.60B – $1.61B | New |
| Jul 25, 2024 | Net Interest, excluding loss on extinguishment of debt | FY2024 | $1.13B – $1.14B | New |
| Jul 25, 2024 | Net Yields | FY2024 | +10.4% – +10.9% | Raised |
| Apr 25, 2024 | Capital expenditures | FY2024 | $3.40B | Raised |
| Apr 25, 2024 | Adjusted EPS | Q2 FY2024 | $2.65 – $2.75 | New |
| Apr 25, 2024 | Adjusted EPS | FY2024 | $10.70 – $10.90 | Raised |
| Apr 25, 2024 | Net Yields | Q2 FY2024 | +10% – +10.5% | New |
| Apr 25, 2024 | NCC, excluding Fuel, per APCD | Q2 FY2024 | +7.2% – +7.7% | Lowered |
| Apr 25, 2024 | Net Yields | Q2 FY2024 | +10.2% – +10.7% | New |
| Apr 25, 2024 | NCC, excluding Fuel, per APCD | Q2 FY2024 | +7.4% – +7.9% | Lowered |
| Apr 25, 2024 | Net Yields | FY2024 | +9% – +10% | New |
| Apr 25, 2024 | NCC, excluding Fuel, per APCD | FY2024 | +5.4% | Lowered |
| Apr 25, 2024 | Net Yields | FY2024 | +9% – +10% | New |
| Apr 25, 2024 | NCC, excluding Fuel, per APCD | FY2024 | +5.5% | Lowered |
| Feb 1, 2024 | Capital expenditures | FY2024 | $3.30B | New |
| Feb 1, 2024 | Adjusted EPS | Q1 FY2024 | $1.10 – $1.20 | New |
| Feb 1, 2024 | Adjusted EPS | FY2024 | $9.50 – $9.70 | New |
| Oct 26, 2023 | Capital expenditures | FY2023 | $4.10B | Lowered |
| Oct 26, 2023 | Adjusted EPS | Q4 FY2023 | $1.05 – $1.10 | New |
| Oct 26, 2023 | Adjusted EPS | FY2023 | $6.58 – $6.63 | Raised |
| Jul 27, 2023 | Capital expenditures | FY2023 | $4.20B | Reaffirmed |
| Jul 27, 2023 | Adjusted Earnings per Share | Q3 FY2023 | $3.38 – $3.48 | New |
| Jul 27, 2023 | Adjusted Earnings per Share | FY2023 | $6.00 – $6.20 | Raised |
| May 4, 2023 | Capital expenditures | FY2023 | $4.20B | Raised |
| May 4, 2023 | Adjusted Earnings per Share | Q2 FY2023 | $1.50 – $1.60 | New |
| May 4, 2023 | Adjusted Earnings per Share | FY2023 | $4.40 – $4.80 | Raised |
| May 4, 2023 | Net Yields as-reported | Q2 FY2023 | +9.6% – +10.1% | New |
| May 4, 2023 | NCC, excluding Fuel, per APCD as-reported | Q2 FY2023 | +8.6% | Lowered |
| May 4, 2023 | Net Cruise Costs per APCD vs. 2019 | Q2 FY2023 | +11.8% – +12.8% | Raised |
| May 4, 2023 | Net Yields in Constant-Currency | Q2 FY2023 | +10.1% – +10.6% | New |
| May 4, 2023 | NCC, excluding Fuel, per APCD in Constant-Currency | Q2 FY2023 | +8.9% | Lowered |
| May 4, 2023 | Depreciation and amortization | Q2 FY2023 | $360.00M – $370.00M | New |
| May 4, 2023 | Fuel Expenses | Q2 FY2023 | $276.00M | Lowered |
| May 4, 2023 | Net Interest, excluding loss on extinguishment of debt | Q2 FY2023 | $305.00M – $315.00M | New |
| May 4, 2023 | Net Yields as-reported | FY2023 | +6.25% – +7.25% | New |
| May 4, 2023 | NCC, excluding Fuel, per APCD as-reported | FY2023 | +5.2% – +6.2% | Lowered |
| May 4, 2023 | Net Cruise Costs per APCD vs. 2019 | FY2023 | +10% – +11% | Raised |
| May 4, 2023 | Net Yields in Constant-Currency | FY2023 | +6.75% – +7.75% | New |
| May 4, 2023 | NCC, excluding Fuel, per APCD in Constant-Currency | FY2023 | +5.5% – +6.5% | Lowered |
| May 4, 2023 | Non-new ship related capital expenditures | FY2023 | $500.00M | New |
| Feb 7, 2023 | Capital expenditures | FY2023 | $4.10B | New |
| Feb 7, 2023 | Adjusted Loss per Share | Q1 FY2023 | -$0.85 – -$0.65 | New |
| Feb 7, 2023 | Adjusted Earnings per Share | FY2023 | $3.00 – $3.60 | New |
| Nov 3, 2022 | Capital expenditures | Q4 FY2022 | $300.00M | New |
| Nov 3, 2022 | Adjusted EBITDA | Q4 FY2022 | $350.00M – $400.00M | New |
| Nov 3, 2022 | Adjusted Loss per Share | Q4 FY2022 | -$1.50 – -$1.30 | New |
| Nov 3, 2022 | Total Revenue | Q4 FY2022 | $2.60B | New |
| Jul 28, 2022 | Capital expenditures | FY2022 | $500.00M | Lowered |
| Jul 28, 2022 | Adjusted EBITDA | Q3 FY2022 | $700.00M – $750.00M | New |
| Jul 28, 2022 | Adjusted Earnings Per Share | Q3 FY2022 | $0.05 – $0.25 | New |
| Jul 28, 2022 | Total Revenue | Q3 FY2022 | $2.90B – $3.00B | New |
| May 5, 2022 | capital expenditures | FY2022 | $3.00B | Lowered |
| May 5, 2022 | Available Passenger Cruise Days (APCD) | Q2 FY2022 | 10.3 | New |
| May 5, 2022 | load factors | Q2 FY2022 | 75% – 80% | New |
| May 5, 2022 | Net interest expense | Q2 FY2022 | $300.00M – $310.00M | New |
| May 5, 2022 | fuel expense | Q2 FY2022 | $271.00M | Lowered |
| May 5, 2022 | Depreciation and amortization expenses | Q2 FY2022 | $350.00M – $355.00M | Raised |
| Feb 4, 2022 | capital expenditures | FY2022 | $3.10B | New |
| Feb 4, 2022 | Average Passenger Cruise Days (APCD) | Q1 FY2022 | 7.7 | New |
| Feb 4, 2022 | load factors on core itineraries | Q1 FY2022 | 60% | New |
| Feb 4, 2022 | Net interest expense | Q1 FY2022 | $270.00M – $275.00M | New |
| Feb 4, 2022 | Depreciation and amortization expenses | Q1 FY2022 | $335.00M – $340.00M | Raised |
| Feb 4, 2022 | fuel expense | Q1 FY2022 | $206.00M | Lowered |
| Oct 29, 2021 | projected capital expenditures | Q4 FY2021 | $600.00M | New |
| Oct 29, 2021 | Net interest expense | Q4 FY2021 | $250.00M – $255.00M | New |
| Oct 29, 2021 | Depreciation and amortization expenses | Q4 FY2021 | $325.00M – $330.00M | Raised |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Royal Caribbean Cruises filed with the SEC as exhibits to Form 8-K or 6-K
- ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCEResults
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