Royal Caribbean Cruises Ltd (RCL) stock
RCLNYSEWater TransportationFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 27, 2026Score 13/3039% above fair value
$323.27+1.28 (+0.40%)
Close on Nov 13, 2026Market cap $86.47BP/E 19.1Yield 1.08%
Royal Caribbean Cruises gross margin
Gross margin is gross profit as a percentage of revenue.
Royal Caribbean Cruises's gross margin for the twelve months ending Sep 30, 2026 was 49.1%. For fiscal 2025 it was 49.4%, against 47.5% the year before. The highest annual figure on record is 49.4% in fiscal 2025.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 49.4% | +1.8 |
| FY2024 | Dec 31, 2024 | 47.5% | +3.4 |
| FY2023 | Dec 31, 2023 | 44.1% | +18.9 |
| FY2022 | Dec 31, 2022 | 25.2% | +103.9 |
| FY2021 | Dec 31, 2021 | -78.8% | −53.6 |
| FY2020 | Dec 31, 2020 | -25.2% | −69.8 |
| FY2019 | Dec 31, 2019 | 44.6% | +0.1 |
| FY2018 | Dec 31, 2018 | 44.6% | +0.4 |
| FY2017 | Dec 31, 2017 | 44.2% | +3.2 |
| FY2016 | Dec 31, 2016 | 41.0% | +2.4 |
| FY2015 | Dec 31, 2015 | 38.6% | +4.3 |
| FY2014 | Dec 31, 2014 | 34.3% | +0.9 |
| FY2013 | Dec 31, 2013 | 33.3% | +0.4 |
| FY2012 | Dec 31, 2012 | 32.9% | −1.5 |
| FY2011 | Dec 31, 2011 | 34.4% | +0.4 |
| FY2010 | Dec 31, 2010 | 34.0% | +3.1 |
| FY2009 | Dec 31, 2009 | 30.9% | −1.7 |
| FY2008 | Dec 31, 2008 | 32.6% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 51.5% | −0.2 |
| Q2 FY2026 | Jun 30, 2026 | 47.3% | −2.4 |
| Q1 FY2026 | Mar 31, 2026 | 49.5% | +1.5 |
| Q4 FY2025 | Dec 31, 2025 | 47.4% | +1.9 |
| Q3 FY2025 | Sep 30, 2025 | 51.8% | +0.7 |
| Q2 FY2025 | Jun 30, 2025 | 49.7% | +2.1 |
| Q1 FY2025 | Mar 31, 2025 | 48.0% | +3.2 |
| Q4 FY2024 | Dec 31, 2024 | 45.4% | +2.2 |
| Q3 FY2024 | Sep 30, 2024 | 51.1% | +2.4 |
| Q2 FY2024 | Jun 30, 2024 | 47.6% | +3.1 |
| Q1 FY2024 | Mar 31, 2024 | 44.8% | +7.0 |
| Q4 FY2023 | Dec 31, 2023 | 43.3% | +11.8 |
| Q3 FY2023 | Sep 30, 2023 | 48.6% | +14.3 |
| Q2 FY2023 | Jun 30, 2023 | 44.5% | +21.4 |
| Q1 FY2023 | Mar 31, 2023 | 37.9% | +49.7 |
| Q4 FY2022 | Dec 31, 2022 | 31.4% | +55.4 |
| Q3 FY2022 | Sep 30, 2022 | 34.3% | +112.4 |
| Q2 FY2022 | Jun 30, 2022 | 23.1% | +757.5 |
| Q1 FY2022 | Mar 31, 2022 | -11.9% | +562.9 |
| Q4 FY2021 | Dec 31, 2021 | -23.9% | +653.1 |
| Q3 FY2021 | Sep 30, 2021 | -78.1% | +209.4 |
| Q2 FY2021 | Jun 30, 2021 | -734.4% | −760.1 |
| Q1 FY2021 | Mar 31, 2021 | -574.7% | −615.9 |
| Q4 FY2020 | Dec 31, 2020 | -677.0% | −726.1 |
| Q2 FY2020 | Jun 30, 2020 | -287.5% | −332.4 |
| Q1 FY2020 | Mar 31, 2020 | 25.7% | −16.4 |
| Q4 FY2019 | Dec 31, 2019 | 41.1% | −0.5 |
| Q3 FY2019 | Sep 30, 2019 | 49.1% | −0.5 |
| Q2 FY2019 | Jun 30, 2019 | 45.0% | +1.2 |
| Q1 FY2019 | Mar 31, 2019 | 42.1% | +0.1 |
| Q4 FY2018 | Dec 31, 2018 | 41.7% | −1.2 |
| Q3 FY2018 | Sep 30, 2018 | 49.5% | +0.8 |
| Q2 FY2018 | Jun 30, 2018 | 43.8% | +1.0 |
| Q1 FY2018 | Mar 31, 2018 | 42.0% | +0.5 |
| Q4 FY2017 | Dec 31, 2017 | 42.8% | +1.7 |
| Q3 FY2017 | Sep 30, 2017 | 48.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 42.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 41.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 41.2% | – |
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