RCLNYSEWater TransportationFiscal year ends December 31

ROYAL CARIBBEAN CRUISES LTD

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026

$281.97+4.29 (+1.54%)

Close on Oct 19, 2026

Market cap: $75.57B
P/E (TTM): 17.4
Dividend yield: 1.24%

ROYAL CARIBBEAN CRUISES LTD income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	17,935	16,484	13,900	8,840	1,532	2,209	10,951	9,494	8,778	8,496	8,299	8,074	7,960	7,688	7,537	6,753	5,890	6,533
Cost of Revenue	9,083	8,652	7,775	6,616	2,739	2,765	6,063	5,262	4,897	5,016	5,099	5,306	5,305	5,157	4,943	4,458	4,071	4,404
Gross Profit	8,852	7,832	6,125	2,224	-1,207	-556	4,888	4,232	3,881	3,481	3,200	2,768	2,655	2,531	2,595	2,294	1,819	2,129
Selling, General & Admin	2,223	2,125	1,792	1,583	1,370	1,200	1,559	1,303	1,186	1,109	1,087	1,049	1,045	1,012	961	848	762	777
Advertising Expenses	693	612	506	509	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Total Costs & Expenses	–	–	–	–	–	–	–	–	7,034	7,019	7,424	7,132	7,162	7,285	6,606	5,950	5,401	5,701
Operating Income	4,910	4,106	2,878	-766	-3,870	-4,602	2,083	1,895	1,744	1,477	875	942	798	403	932	803	489	832
Interest Expense	992	1,590	1,402	1,364	1,292	844	409	334	300	307	278	258	332	356	382	371	310	327
Interest & Investment Income	–	–	–	–	–	–	–	–	–	–	–	–	–	21	25	9.24	7.02	14
Income from Equity Investments	414	260	200	57	-135	-213	231	211	156	128	81	52	32	–	–	–	–	–
Other Non-Operating Income	17	149	-2.00	-1,390	-1,390	-1,174	-175	-79	-119	-194	-209	-178	-324	-385	-324	-287	-336	-258
Merger & Restructuring Charges	–	–	–	–	–	–	12	0	0	8.45	0	4.32	23	–	–	–	–	–
Asset Impairment Charges	–	576	576	576	–	576	0	34	0	0	411	0	–	385	–	–	–	–
Gain (Loss) on Sale of Assets	–	–	–	–	–	-69	0	0	31	0	0	-17	0	0	–	–	–	–
Pretax Income	4,373	2,941	1,711	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income Tax Expense	82	46	6.00	4.00	-45	–	–	–	–	–	–	–	–	56	21	20	5.10	–
Net Income incl. Noncontrolling Interests	4,291	2,896	1,704	-2,156	-5,260	-5,775	1,908	1,816	1,625	1,283	–	–	–	–	–	–	–	–
Minority Interest in Earnings	23	18	7.00	0	0	22	29	4.75	0	0	–	–	–	–	–	–	–	–
Net Income	4,268	2,877	1,697	-2,156	-5,260	-5,797	1,879	1,811	1,625	1,283	666	764	474	18	607	516	152	574
Net Income to Common	4,268	2,877	1,697	-2,156	-5,260	-5,797	–	–	–	–	–	–	–	–	–	–	–	–
EPS (Basic)(per share)	15.75	11.00	6.63	-8.45	-20.89	-27.05	8.97	8.60	7.57	5.96	3.03	3.45	2.16	0.08	2.80	2.40	0.71	2.69
EPS (Diluted)(per share)	15.61	10.94	6.31	-8.45	-20.89	-27.05	8.95	8.56	7.53	5.93	3.02	3.43	2.14	0.08	2.77	2.37	0.71	2.68
Shares Outstanding (Basic, Weighted)(shares)	271	261	256	255	252	214	209	211	215	215	220	222	220	218	217	215	214	–
Shares Outstanding (Diluted, Weighted)(shares)	274	279	283	255	252	214	210	212	216	216	221	223	221	219	219	218	215	–
Dividend per Share(per share)	3.50	0.95	0.00	0.00	–	0.78	2.96	2.60	2.16	1.71	–	–	–	0.12	–	–	–	–
EBITDA	6,628	5,706	4,333	641	-2,577	-3,322	3,329	2,928	2,695	2,372	1,702	1,714	1,553	1,134	1,634	1,446	1,057	1,352
Net Interest Income	–	–	–	–	-1,275	-823	-382	-301	-270	–	–	–	–	–	–	–	–	–
Provision for Credit Losses	–	–	-12	-10	44	82	–	–	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 49.1%
Operating margin: 27.3%
Net margin: 23.5%
Return on equity, FY2025: 48.5%

Financial strength

Current ratio: 0.21
Debt to equity: 2.23
Debt to assets: 51.2%
Cash to current liabilities: 7.5%

Valuation

P/E ratio: 17.4
Price to sales: 4.04
Price to book: 7.38
Dividend yield: 1.24%