Royal Caribbean Cruises Ltd (RCL) operating KPIs
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 $82.16BP/E 19.0Yield 1.14%
KPIs
Operating metrics that drive Royal Caribbean Cruises's business · fiscal year ends December 31
The chart is empty. Tick the box next to any metric in the table below to plot it — tick several to compare them on one chart.
| Add to chart | Metric | Q3 2026 2026-09-30 | Q2 2026 2026-06-30 | Q1 2026 2026-03-31 | Q4 2025 2025-12-31 | Q3 2025 2025-09-30 | Q2 2025 2025-06-30 | Q1 2025 2025-03-31 | Q4 2024 2024-12-31 | Q3 2024 2024-09-30 | Q2 2024 2024-06-30 | Q1 2024 2024-03-31 | Q4 2023 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Passengers Carried | 2,676,480 | 2,399,066 | 2,509,672 | 2,484,241 | 2,466,039 | 2,254,057 | 2,241,673 | 2,159,429 | 2,310,220 | 2,040,242 | 2,054,382 | 1,939,360 | |
Passenger Cruise Days (PCD) | 16,692,392 | 14,962,211 | 14,873,199 | 15,116,254 | 15,356,271 | 14,277,894 | 13,768,332 | 13,678,795 | 14,785,828 | 13,230,448 | 13,149,708 | 12,605,093 | |
Available Passenger Cruise Days (APCD)1 | 14,844,688 | 13,572,396 | 13,702,703 | 14,025,949 | 13,698,886 | 12,942,385 | 12,657,992 | 12,716,724 | 13,316,981 | 12,233,196 | 12,285,830 | 11,962,340 | |
APCD Capacity YoY Growth — Public Schedules (%)(%) | 8.0% | 5.0% | 8.0% | 10.0% | 3.0% | 6.0% | 3.0% | 6.0% | 11.0% | 4.0% | 9.0% | ||
Occupancy / Load Factor (%)(%) | 112.4% | 110.2% | 108.5% | 107.8% | 112.1% | 110.3% | 108.8% | 107.6% | 111.0% | 108.2% | 107.0% | 105.4% | |
Net Yields per APCD — As Reported ($)($)1 | 304 | 289 | 268 | 250 | 302 | 284 | 259 | 243 | |||||
Net Yields per APCD — Constant Currency ($)($) | 304 | 287 | 264 | 249 | |||||||||
Gross Margin Yields per APCD — As Reported ($)($)1 | 161 | 134 | 127 | 111 | 162 | 142 | 119 | 102 | |||||
Gross Margin Yields per APCD — Constant Currency ($)($) | 160 | 133 | 124 | 111 | |||||||||
Adjusted Gross Margin per Passenger Cruise Day — As Reported ($/PCD)($)1 | 271 | 262 | 247 | 232 | 269 | 257 | 238 | 226 | |||||
Adjusted Gross Margin per PCD — Constant Currency ($/PCD)($) | 270 | 260 | 243 | 231 | |||||||||
Gross Cruise Costs per APCD — As Reported ($)($)1 | 218 | 225 | 207 | 205 | 219 | 216 | 209 | 214 | 213 | 214 | 211 | 200 | |
Gross Cruise Costs per APCD — Constant Currency ($)($) | 218 | 225 | 204 | 204 | 218 | 215 | 209 | 215 | 213 | 214 | 211 | 201 | |
Net Cruise Costs (NCC) per APCD — As Reported ($)($)1 | 145 | 158 | 150 | 151 | 145 | 148 | 151 | 161 | 140 | 147 | 155 | 147 | |
Net Cruise Costs (NCC) per APCD — Constant Currency ($)($) | 145 | 158 | 148 | 150 | 145 | 148 | 152 | 161 | 140 | 147 | 154 | 148 | |
Net Cruise Costs Excluding Fuel per APCD — As Reported ($)($)1 | 121 | 132 | 130 | 130 | 124 | 127 | 130 | 138 | 118 | 124 | 130 | 122 | |
Net Cruise Costs Excluding Fuel per APCD — Constant Currency ($)($) | 122 | 132 | 129 | 130 | 123 | 126 | 130 | 138 | 118 | 124 | 130 | 123 | |
Adjusted EBITDA per APCD ($)($) | 171 | 135 | 124 | 106 | 167 | 143 | 111 | 86.35 | 161 | 127 | 95.56 | 83.76 | |
Net Income (Loss) Attributable to RCL per APCD ($)($) | 116 | 83.13 | 68.71 | 53.76 | 115 | 93.47 | 57.66 | 43.46 | 83.37 | 69.85 | 29.30 | ||
Adjusted Gross Margin / Net Revenues ($M)($M)1 | 4,519 | 3,922 | 3,675 | 3,508 | 4,131 | 3,670 | 3,276 | 3,086 | |||||
GAAP Gross Margin — Yield Reconciliation ($M)($M) | 2,390 | 1,820 | 1,744 | 1,564 | 2,225 | 1,838 | 1,508 | 1,298 | |||||
Gross Cruise Costs ($M)($M)1 | 3,231 | 3,060 | 2,830 | 2,872 | 3,001 | 2,791 | 2,641 | 2,726 | 2,842 | 2,618 | 2,591 | 2,393 | |
Net Cruise Costs ($M)($M)1 | 2,149 | 2,150 | 2,050 | 2,120 | 1,992 | 1,920 | 1,917 | 2,043 | 1,863 | 1,793 | 1,900 | 1,759 | |
Net Cruise Costs Excluding Fuel ($M)($M) | 1,802 | 1,796 | 1,786 | 1,827 | 1,695 | 1,641 | 1,640 | 1,759 | 1,573 | 1,511 | 1,596 | 1,459 | |
Adjusted EBITDA ($M)($M)2 | 2,539 | 1,830 | 1,702 | 1,481 | 2,293 | 1,851 | 1,402 | 1,098 | 2,148 | 1,553 | 1,174 | 1,002 | |
EBITDA — Non-GAAP Reconciliation ($M)($M) | 2,531 | 1,837 | 1,701 | 1,483 | 2,289 | 1,860 | 1,405 | 1,227 | 2,143 | 1,558 | 1,172 | 988 | |
Adjusted EBITDA Margin (%)(%) | 45.4% | 37.9% | 38.2% | 34.8% | 44.6% | 40.8% | 35.1% | 29.2% | 44.0% | 37.8% | 31.5% | 30.1% | |
Adjusted Net Income (Loss) Attributable to RCL ($M)($M)1 | 1,760 | 1,130 | 975 | 762 | 1,577 | 1,202 | 744 | 445 | 1,435 | 882 | 478 | 331 | |
Adjusted Diluted Earnings (Loss) per Share ($)($) | 6.57 | 4.21 | 3.60 | 2.80 | 5.75 | 4.38 | 2.71 | 1.63 | 5.20 | 3.21 | 1.77 | 1.25 | |
Guidance — Full-Year Adjusted EPS Range, Low ($)($)3 | 17.85 | 17.73 | 17.10 | 17.70 | 15.58 | 15.41 | 14.55 | 14.35 | 11.57 | 11.35 | 10.70 | 9.50 | |
Guidance — Full-Year Adjusted EPS Range, High ($)($) | 17.95 | 17.87 | 17.50 | 18.10 | 15.63 | 15.55 | 15.55 | 14.65 | 11.62 | 11.45 | 10.90 | 9.70 | |
Guidance — Next-Quarter Adjusted EPS Range, Low ($)($) | 3.48 | 6.26 | 3.83 | 3.18 | 2.74 | 5.55 | 4 | 2.43 | 1.40 | 4.90 | 2.65 | 1.10 | |
Guidance — Next-Quarter Adjusted EPS Range, High ($)($) | 3.58 | 6.36 | 3.93 | 3.28 | 2.79 | 5.65 | 4.10 | 2.53 | 1.45 | 5 | 2.75 | 1.20 | |
Guidance — Full-Year Forecasted APCDs (millions)(M)3 | 56.8 | 56.9 | 56.9 | 56.9 | 53.3 | 53.3 | 53.3 | 53.3 | 50.6 | 50.7 | 50.7 | 50.9 | |
Guidance — Next-Quarter Forecasted APCDs (millions)(M) | 14.7 | 14.9 | 13.6 | 13.7 | 14 | 13.7 | 12.9 | 12.7 | 12.8 | 13.4 | 12.2 | 12.3 | |
Guidance — Full-Year Capacity Growth vs. Prior Year (%)(%) | 6.6% | 6.6% | 6.7% | 6.7% | 5.5% | 5.5% | 5.5% | 5.4% | 7.8% | 8.0% | 8.1% | 8.5% | |
Guidance — Next-Quarter Capacity Growth vs. Prior Year (%)(%) | 5.0% | 8.5% | 4.9% | 8.5% | 10.3% | 2.9% | 5.8% | 3.1% | 6.6% | 11.3% | 4.6% | 9.7% | |
Guidance — Full-Year Depreciation & Amortization Range, Low ($M)($M)7 | 1,870 | 1,905 | 1,910 | 1,890 | 1,705 | 1,700 | 1,710 | 1,715 | 1,590 | 1,600 | 1,600 | 1,600 | |
Guidance — Full-Year Depreciation & Amortization Range, High ($M)($M) | 1,890 | 1,915 | 1,920 | 1,900 | 1,715 | 1,710 | 1,720 | 1,725 | 1,600 | 1,610 | 1,610 | 1,610 | |
Guidance — Next-Quarter Depreciation & Amortization Range, Low ($M)($M) | 460 | 485 | 465 | 455 | 445 | 425 | 415 | 410 | 410 | 405 | 390 | 385 | |
Guidance — Next-Quarter Depreciation & Amortization Range, High ($M)($M) | 470 | 495 | 475 | 465 | 455 | 435 | 425 | 420 | 420 | 415 | 400 | 395 | |
Guidance — Full-Year Net Interest Expense Range, Low ($M)($M) | 995 | 980 | 985 | 990 | 945 | 930 | 940 | 935 | 1,105 | 1,130 | 1,140 | 1,230 | |
Guidance — Full-Year Net Interest Expense Range, High ($M)($M) | 1,005 | 990 | 995 | 1,000 | 955 | 940 | 950 | 945 | 1,115 | 1,140 | 1,150 | 1,240 | |
Guidance — Next-Quarter Net Interest Expense Range, Low ($M)($M) | 255 | 255 | 230 | 245 | 245 | 235 | 220 | 230 | 250 | 275 | 270 | 305 | |
Guidance — Next-Quarter Net Interest Expense Range, High ($M)($M) | 265 | 265 | 240 | 255 | 255 | 245 | 230 | 240 | 260 | 285 | 280 | 315 | |
Guidance — Full-Year Forecasted Fuel Consumption (metric tons)5 | 1,763,000 | 1,756,000 | 1,755,000 | 1,762,000 | 1,712,000 | 1,718,000 | 1,726,000 | 1,724,000 | 1,704,000 | 1,712,000 | 1,720,000 | 1,727,000 | |
Guidance — Next-Quarter Forecasted Fuel Consumption (metric tons) | 463,000 | 441,000 | 423,000 | 436,000 | 438,000 | 433,000 | 428,000 | 424,000 | 433,000 | 429,000 | 416,000 | 444,000 | |
Guidance — Full-Year Forecasted Fuel Expense ($M)($M) | 1,345 | 1,338 | 1,349 | 1,173 | 1,140 | 1,143 | 1,140 | 1,172 | 1,161 | 1,169 | 1,183 | 1,165 | |
Guidance — Next-Quarter Forecasted Fuel Expense ($M)($M) | 379 | 362 | 346 | 275 | 286 | 298 | 286 | 277 | 285 | 293 | 291 | 307 | |
Guidance — Remainder of Year Forward Fuel Consumption Hedged (%)(%) | 58.0% | 58.0% | 59.0% | 60.0% | 68.0% | 66.0% | 59.0% | 60.0% | 61.0% | 61.0% | 61.0% | 61.0% | |
Guidance — Next-Quarter Forward Fuel Consumption Hedged (%)(%) | 58.0% | 58.0% | 60.0% | 66.0% | 68.0% | 64.0% | 59.0% | 62.0% | 61.0% | 61.0% | 61.0% | 60.0% | |
Sensitivity — 1% Change in Full-Year Net Yields ($M)($M)9 | 155 | 156 | 156 | 156 | 141 | 141 | 141 | 140 | 120 | 120 | 120 | 120 | |
Sensitivity — 1% Change in Next-Quarter Net Yields ($M)($M) | 37 | 45 | 38 | 36 | 34 | 40 | 35 | 31 | 29 | 36 | 29 | 25 | |
Sensitivity — 1% Change in Full-Year NCC Excluding Fuel ($M)($M) | 73 | 73 | 73 | 73 | 68 | 68 | 68 | 68 | 60 | 60 | 60 | 61 | |
Sensitivity — 1% Change in Next-Quarter NCC Excluding Fuel ($M)($M) | 19 | 18 | 17 | 18 | 19 | 16 | 16 | 16 | 16 | 15 | 14 | 15 | |
Sensitivity — 1% Change in Currency, Remainder of Year ($M)($M) | 6 | 14 | 19 | 25 | 5 | 12 | 16 | 21 | 4 | 11 | 14 | 18 | |
Sensitivity — 1% Change in Currency, Next Quarter ($M)($M) | 6 | 8 | 5 | 5 | 5 | 7 | 5 | 5 | 4 | 6 | 3 | 4 | |
Sensitivity — 10% Change in Fuel Prices, Remainder of Year ($M)($M) | 15 | 26 | 39 | 57 | 13 | 27 | 42 | 59 | 14 | 29 | 45 | 58 | |
Sensitivity — 10% Change in Fuel Prices, Next Quarter ($M)($M) | 15 | 13 | 12 | 13 | 13 | 15 | 14 | 14 | 14 | 15 | 15 | 16 | |
Sensitivity — 100 bps Change in SOFR, Remainder of Year ($M)($M) | 0.30 | 1.80 | 8 | 12 | 1 | 7 | 11 | 15 | 1 | 6 | 9 | 26 | |
Sensitivity — 100 bps Change in SOFR, Next Quarter ($M)($M) | 0.30 | 0.20 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 4 | |
Total Liquidity Position (Cash + Undrawn Credit Facilities) ($B)($) | 7.40 | 6.90 | 6.90 | 7.20 | 6.80 | 7.10 | 4.50 | 4.10 | 3.90 | 3.80 | 3.70 | 3.10 | |
Combined Fleet — Global & Partner Brands (ships) | 71 | 71 | 69 | 68 | 67 | 67 | 68 | 68 | 65 | ||||
Ships on Order — Total Planned Berth Capacity (berths)3 | 48,830 | 43,230 | 47,330 | 35,700 | 33,100 | 24,250 | 22,650 | 22,650 | 31,980 | ||||
Ships on Order — Aggregate Contract Cost ($B)($) | 19.40 | 16.50 | 16.20 | 9.70 | 12.10 | 7.90 | 5.90 | 5.70 | 8.10 | ||||
Ships on Order — Shipyard Deposits Paid ($B)($) | 1.50 | 1.30 | 1.30 | 1 | 1.40 | 1 | 0.62 | 0.54 | 0.75 | ||||
Ships on Order — Share of Contract Cost Exposed to EUR (%)(%) | 49.9% | 52.6% | 52.9% | 60.0% | 50.2% | 36.5% | 39.6% | 44.4% | |||||
Capacity Deployment Share — Caribbean (%)(%) | 44.0% | 50.0% | 73.0% | 63.0% | 42.0% | 49.0% | 73.0% | 63.0% | 42.0% | 48.0% | 74.0% | 56.0% | |
Capacity Deployment Share — Europe (%)(%) | 28.0% | 18.0% | 2.0% | 9.0% | 28.0% | 20.0% | 2.0% | 9.0% | 28.0% | 19.0% | 1.0% | 11.0% | |
Capacity Deployment Share — Alaska (%)(%) | 13.0% | 9.0% | 0.0% | 0.0% | 13.0% | 9.0% | 0.0% | 0.0% | 14.0% | 10.0% | 0.0% | 0.0% | |
Capacity Deployment Share — Asia-Pacific (%)(%) | 4.0% | 7.0% | 15.0% | 13.0% | 5.0% | 8.0% | 18.0% | 13.0% | 4.0% | 6.0% | 17.0% | 13.0% | |
Capacity Deployment Share — Bermuda (%)(%) | 3.0% | 0.0% | 0.0% | 2.0% | 3.0% | 0.0% | 1.0% | 3.0% | 3.0% | 0.0% | 0.0% | ||
Capacity Deployment Share — Other Itineraries (%)(%) | 11.0% | 16.0% | 10.0% | 15.0% | 12.0% | 15.0% | 7.0% | 13.0% | 8.0% | 14.0% | 8.0% | 18.0% | |
Disaggregated Cruise Revenue by Itinerary — Total ($M)($M)5 | 5,303 | 4,614 | 4,202 | 4,081 | 4,873 | 4,321 | 3,796 | 3,591 | 4,637 | 3,929 | 3,539 | 3,168 | |
Itinerary Revenue — North America (Caribbean, Alaska, Bermuda, Bahamas, Mexico, Panama Canal, Hawaii) ($M)($M) | 3,220 | 3,053 | 3,216 | 2,815 | 3,030 | 2,842 | 2,854 | 2,468 | 2,862 | 2,575 | 2,690 | 2,086 | |
Itinerary Revenue — Europe (Mediterranean, Northern Europe, Canary Islands) ($M)($M) | 1,796 | 1,014 | 71 | 451 | 1,520 | 943 | 37 | 399 | 1,435 | 841 | 21 | 413 | |
Itinerary Revenue — Asia/Pacific (Asia, Australia, New Zealand, South Pacific) ($M)($M) | 198 | 348 | 612 | 555 | 212 | 326 | 624 | 483 | 156 | 235 | 506 | 403 | |
Itinerary Revenue — Other Regions (South America, Galapagos, Antarctica, Repositioning, Expeditions) ($M)($M) | 89 | 199 | 303 | 260 | 111 | 210 | 281 | 241 | 184 | 278 | 343 | 266 | |
Non-Itinerary / Other Revenues (Cancellation Fees, Vacation Protection Insurance, Pre/Post-Cruise Tours) ($M)($M) | 288 | 218 | 250 | 178 | 266 | 217 | 203 | 169 | 249 | 181 | 189 | 163 | |
Customer Deposits — Advance Ticket & Onboard Bookings ($M)($M)1 | 6,034 | 6,736 | 6,548 | 5,739 | 5,604 | 6,379 | 6,334 | 5,496 | 5,324 | 6,245 | 6,040 | 5,311 | |
Prepaid Travel Advisor Commissions & Incremental Contract Costs ($M)($M) | 256 | 318 | 292 | 244 | 304 | 296 | 263 | 321 | 293 | ||||
Fuel Consumption (metric tons)1 | 446,000 | 422,000 | 432,000 | 439,000 | 428,000 | 422,000 | 423,000 | 437,000 | 424,000 | 410,000 | 437,000 | 421,000 | |
Fuel Consumption — Public Schedule Grade Breakdown Total (metric tons)5 | 427,994 | 421,882 | 423,329 | 409,629 | 436,990 | ||||||||
Intermediate Fuel Oil — IFO / HFO Consumed (metric tons) | 227,662 | 246,270 | 256,132 | 243,161 | 262,170 | ||||||||
Low Sulfur Fuel Oil — LSFO Consumed (metric tons) | 22,842 | 20,081 | 26,683 | 25,217 | 32,823 | ||||||||
Marine Gas Oil — MGO Consumed (metric tons) | 125,793 | 133,700 | 116,993 | 132,486 | 136,047 | ||||||||
Liquefied Natural Gas — LNG Consumed (metric tons) | 20,803 | 14,429 | 13,960 | 8,766 | 5,951 | ||||||||
Renewable Biofuel Consumed (metric tons) | 30,894 | 7,403 | 9,559 | ||||||||||
Bunker Fuel Pricing Net of Hedging ($ per metric ton)($) | 778 | 839 | 613 | 667 | 694 | 663 | 655 | 650 | 684 | 688 | 696 | 713 | |
Projected Fuel Hedged — Remainder of Current Fiscal Year (%)(%)1 | 58.0% | 58.0% | 59.0% | 68.0% | 66.0% | 59.0% | 61.0% | 61.0% | 61.0% | ||||
Hedged Fuel Cost per Metric Ton — Current Fiscal Year ($/MT)($) | 471 | 474 | 475 | 480 | 482 | 487 | 518 | 504 | 504 | ||||
Projected Fuel Hedged — Next Fiscal Year (Year + 1) (%)(%)1 | 53.0% | 53.0% | 49.0% | 60.0% | 60.0% | 60.0% | 55.0% | 60.0% | 60.0% | 55.0% | 45.0% | 61.0% | |
Hedged Fuel Cost per Metric Ton — Next Fiscal Year (Year + 1) ($/MT)($) | 405 | 405 | 408 | 474 | 474 | 474 | 476 | 487 | 487 | 493 | 468 | 509 | |
Projected Fuel Hedged — Two Years Ahead (Year + 2) (%)(%)1 | 29.0% | 29.0% | 30.0% | 47.0% | 47.0% | 45.0% | 44.0% | 44.0% | 34.0% | 24.0% | 44.0% | ||
Hedged Fuel Cost per Metric Ton — Two Years Ahead (Year + 2) ($/MT)($) | 424 | 424 | 424 | 393 | 393 | 393 | 469 | 469 | 486 | 479 | 468 | ||
Principal Debt Balance — Public Schedule Total ($M)($M)28 | 22,723 | 23,257 | 21,462 | 21,747 | 20,694 | 19,389 | 19,782 | 20,488 | 21,271 | 21,569 | 20,922 | 21,873 | |
TUI Cruises GmbH (50% JV) — RCL Investment Carrying Value ($M)($M)3 | 1,000 | 1,100 | 1,100 | 887 | 1,000 | 892 | 820 | 716 | 678 | ||||
RCL Share of Equity Investment Income (Loss) from Affiliates ($M)($M) | 176 | 67 | 84 | 100 | 158 | 107 | 48 | 57 | 106 | 56 | 41 | 51 | |
Designated Debt Hedge of Net Investment in TUI Cruises (€M)(€M) | 573 | 573 | 630 | 688 | 688 | 791 | 731 | 659 | |||||
Designated Debt Hedge of Net Investment in TUI Cruises ($M)($M) | 651 | 655 | 726 | 809 | 808 | 883 | 783 | 712 | |||||
Eurostat — EU-27 Total Maritime Passengers (Quarterly, thousands)5 | 44,561 | 101,620 | 66,887 | 34,227 | 43,625 | 101,120 | 63,511 | 35,012 | 40,829 | ||||
Italy — Total Maritime Passengers (Quarterly, thousands) | 5,539 | 8,540 | 21,293 | 14,160 | 6,134 | 8,216 | 21,547 | 12,928 | 5,816 | 6,972 | |||
Spain — Total Maritime Passengers (Quarterly, thousands) | 3,037 | 4,315 | 9,585 | 5,803 | 3,687 | 4,237 | 9,504 | 5,096 | 3,779 | 3,586 | |||
Greece — Total Maritime Passengers (Quarterly, thousands) | 4,856 | 6,279 | 18,975 | 10,703 | 4,899 | 6,380 | 18,743 | 10,624 | 4,978 | 6,099 | |||
Germany — Total Maritime Passengers (Quarterly, thousands) | 2,441 | 3,176 | 7,028 | 4,973 | 2,396 | 3,234 | 6,821 | 4,880 | 2,644 | 3,137 | |||
France — Total Maritime Passengers (Quarterly, thousands) | 2,561 | 3,275 | 9,208 | 5,590 | 2,579 | 3,398 | 9,160 | 5,430 | 2,709 | 3,389 | |||
FRED — US PPI: Deep Sea Freight & Maritime Transportation (Index)(×)10 | 534.80 | 504.33 | 451.35 | 415.30 | 390.95 | 404.77 | 415.84 | 394.19 | 414.28 | 434.67 | 398.46 | 408.44 | |
FRED — US PPI: Water Transportation (Index)(×) | 239.46 | 232.44 | 217.32 | 206.57 | 201.11 | 202.32 | 203.93 | 197.93 | 202.25 | 205.46 | 196.37 | 196.72 | |
FRED — US CPI: Public Transportation Including Cruise & Air (Index)(×) | 306.28 | 291.11 | 282.92 | 265.51 | 265.01 | 249.03 | 256.84 | 270.90 | 260.34 | 255.23 | 266.36 | 256.73 | |
FRED — US CPI: Airline Fares (Index)(×) | 326.99 | 307.96 | 291.07 | 262.57 | 267.05 | 243.37 | 253.36 | 271.74 | 259.31 | 251.32 | 267.83 | 252.30 | |
FRED — US CPI: Lodging Away from Home / Hotels & Resorts (Index)(×) | 194.19 | 191.20 | 190.29 | 188.20 | 186.04 | 182.61 | 185.63 | 189.95 | 186.04 | 187.17 | 190.54 | 185.81 | |
FRED — Crude Oil Prices: Brent — Europe ($/barrel)($) | 116 | 70.46 | 127 | 61.35 | 68.52 | 68.15 | 77.23 | 74.58 | 72.35 | 87.26 | 86.17 | 77.69 | |
FRED — US All Employees: Leisure & Hospitality (thousands) | 16,969 | 16,960 | 16,979 | 16,961 | 16,907 | 16,837 | 16,823 | 16,862 | 16,776 | 16,744 | 16,780 | 16,704 | |
FRED — US All Employees: Arts, Entertainment & Recreation (thousands) | 2,659 | 2,666 | 2,687 | 2,680 | 2,702 | 2,689 | 2,670 | 2,652 | 2,619 | 2,617 | 2,606 | 2,569 | |
FRED — US Personal Consumption Expenditures: Food Services & Accommodations ($B SAAR)($) | 1,563 | 1,547 | 1,537 | 1,533 | 1,522 | 1,516 | 1,511 | 1,496 | 1,478 | 1,464 | 1,451 | ||
FRED — US BTS Air Carrier Scheduled Revenue Passenger Enplanements (thousands) | 75,467 | 73,163 | 69,889 | 67,397 | 76,327 | 72,243 | 72,100 | 68,010 | 77,184 | 73,235 | 67,924 | ||
FRED — US BTS Passenger Airline Load Factor (%)(%) | 85.7% | 82.9% | 81.8% | 81.2% | 85.4% | 81.1% | 84.2% | 82.0% | 87.5% | 84.1% | 81.2% | ||
Total Revenues ($M)($M)2 | 5,591 | 4,832 | 4,452 | 4,259 | 5,139 | 4,538 | 3,999 | 3,760 | 4,886 | 4,110 | 3,728 | 3,331 | |
Passenger Ticket Revenues ($M)($M) | 3,885 | 3,344 | 3,021 | 2,936 | 3,637 | 3,199 | 2,744 | 2,599 | 3,471 | 2,887 | 2,542 | 2,286 | |
Onboard & Other Revenues ($M)($M) | 1,706 | 1,488 | 1,431 | 1,322 | 1,502 | 1,339 | 1,255 | 1,162 | 1,415 | 1,223 | 1,186 | 1,045 | |
Total Cruise Operating Expenses ($M)($M)6 | 2,711 | 2,547 | 2,247 | 2,242 | 2,479 | 2,283 | 2,079 | 2,052 | 2,391 | 2,152 | 2,056 | 1,890 | |
Commissions, Transportation & Other ($M)($M) | 735 | 622 | 564 | 546 | 696 | 606 | 522 | 492 | 688 | 572 | 498 | 450 | |
Onboard & Other Expenses ($M)($M) | 338 | 288 | 212 | 206 | 312 | 262 | 200 | 183 | 289 | 244 | 193 | 169 | |
Payroll & Related ($M)($M) | 399 | 405 | 400 | 356 | 342 | 329 | 340 | 342 | 328 | 313 | 318 | 309 | |
Food ($M)($M) | 287 | 262 | 264 | 269 | 264 | 246 | 239 | 237 | 251 | 225 | 221 | 205 | |
Fuel ($M)($M) | 347 | 355 | 265 | 292 | 297 | 279 | 277 | 284 | 290 | 282 | 304 | 300 | |
Other Operating Expenses ($M)($M) | 606 | 615 | 542 | 572 | 569 | 561 | 500 | 514 | 545 | 516 | 522 | 457 | |
Marketing, Selling & Administrative Expenses ($M)($M) | 513 | 582 | 630 | 522 | 508 | 562 | 673 | 451 | 466 | 535 | 503 | ||
Depreciation & Amortization ($M)($M) | 464 | 461 | 453 | 435 | 417 | 412 | 410 | 410 | 393 | 387 | 368 | ||
Operating Income (Loss) ($M)($M) | 1,307 | 1,162 | 933 | 1,702 | 1,329 | 945 | 624 | 1,634 | 1,099 | 750 | 570 | ||
Interest Expense, Net of Capitalized Interest ($M)($M) | 236 | 278 | 267 | 248 | 228 | 249 | 266 | 603 | 298 | 424 | 347 | ||
GAAP Net Income (Loss) Attributable to RCL ($M)($M) | 1,128 | 941 | 754 | 1,575 | 1,210 | 730 | 552 | 1,111 | 854 | 360 | 277 | ||
Operating Cash Flow ($M)($M)1 | 1,860 | 1,834 | 1,623 | 1,469 | 1,746 | 1,627 | 1,467 | 897 | 1,573 | 1,328 | 1,116 | ||
Capital Expenditures ($M)($M) | 2,737 | 500 | 1,507 | 2,458 | 836 | 428 | 552 | 334 | 2,140 | 242 | 2,568 | ||
Total Assets ($M)($M)3 | 44,644 | 41,990 | 41,619 | 40,109 | 38,542 | 37,452 | 37,070 | 37,067 | 36,974 | 35,190 | 35,131 | ||
Cash & Cash Equivalents ($M)($M) | 875 | 512 | 825 | 432 | 735 | 386 | 388 | 418 | 391 | 437 | 497 | ||
Property & Equipment, Net ($M)($M) | 38,251 | 35,884 | 35,696 | 34,620 | 32,351 | 31,904 | 31,831 | 31,706 | 31,759 | 30,025 | 30,114 | ||
Total Shareholders' Equity ($M)($M) | 10,461 | 10,028 | 10,245 | 10,288 | 9,360 | 8,142 | 7,735 | 7,224 | 6,182 | 5,325 | 4,899 | ||
1 metric has no data in the last 12 quarters — .
Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).
Methodology and excluded metrics
- Royal Caribbean Group's latest reported quarter is Q3 2026 (Form 10-Q and Form 8-K filed October 27, 2026); the latest full fiscal year is FY2025 (ended December 31, 2025).
- Core operational metrics (Passengers Carried, Passenger Cruise Days, Available Passenger Cruise Days — APCD, Occupancy %, Net Yields per APCD, Gross Margin Yields per APCD, Gross/Net Cruise Costs per APCD, and NCC Excluding Fuel per APCD) cover Royal Caribbean Group's wholly-owned Global Brands (Royal Caribbean International, Celebrity Cruises, and Silversea Cruises).
- Partner Brands (50%-owned TUI Cruises GmbH, operating TUI Cruises and Hapag-Lloyd Cruises) are accounted for under the equity method; their fleet berths are shown in Group 4 and their 100% summarized financial statements and RCL carrying value/dividends are shown in Group 8.
- RCL Cruises Ltd (UK Companies House No. 07366612) is RCL's principal UK/European operating subsidiary; its audited statutory turnover by customer residence and activity, operating/net profit, vessels operated, and employee counts (FY2018–FY2025) are extracted via OCR from UK Companies House filings.
- All figures are as published; no ratios, sums, or estimates are computed in build.py. The only derived cells follow Step 4 period splitting: Q4 = Full Year (Form 10-K Note 4) − Nine Months (Q3 Form 10-Q Note 4) for disaggregated itinerary revenues, and quarterly cash flows from YTD in the financial database.
- U.S. GAAP filings do not include parent-only financial statements, so no consolidated − standalone subtraction is performed.
Not shown because recent periods are missing (5)
- Fleet Count, Berth Capacity by Brand, Ship-by-Ship Berths & Newbuild Orderbook › Combined Fleet — Total Berth Capacity (berths) › Royal Caribbean International — Brand Capacity (berths) › Splendour of the Seas (Built 1996) — Capacity (berths)
- Fleet Count, Berth Capacity by Brand, Ship-by-Ship Berths & Newbuild Orderbook › Combined Fleet — Total Berth Capacity (berths) › Silversea Cruises — Brand Capacity (berths) › Discoverer (Built 1989) — Capacity (berths)
- Fleet Count, Berth Capacity by Brand, Ship-by-Ship Berths & Newbuild Orderbook › Combined Fleet — Total Berth Capacity (berths) › TUI Cruises (50% JV) — Brand Capacity (berths) › Mein Schiff Flow (Built 2026) — Capacity (berths)
- Fleet Count, Berth Capacity by Brand, Ship-by-Ship Berths & Newbuild Orderbook › Combined Fleet — Total Berth Capacity (berths) › Divested / Former Brands (Azamara, Pullmantur, SkySea) — Historical Vessel Berths
- Ship-by-Ship ECA Debt Schedule & Fleet Property/Equipment Breakdown › Principal Debt Balance — Public Schedule Total ($M) › Legend of the Seas — ECA Term Loan ($M)
Data updated 2026-10-28.
Every KPI on its own page
Full history, chart, sources and a citation for each metric
Core Cruise Operations, Capacity & Occupancy
Pricing, Yields & Per-APCD Unit Economics
- Net Yields per APCD — As Reported ($) ($)32 periods
- Gross Margin Yields per APCD — As Reported ($) ($)10 periods
- Adjusted Gross Margin per Passenger Cruise Day — As Reported ($/PCD) ($)8 periods
- Gross Cruise Costs per APCD — As Reported ($) ($)44 periods
- Net Cruise Costs (NCC) per APCD — As Reported ($) ($)38 periods
- Net Cruise Costs Excluding Fuel per APCD — As Reported ($) ($)44 periods
- Adjusted EBITDA per APCD ($) ($)21 periods
- Net Income (Loss) Attributable to RCL per APCD ($) ($)16 periods
Non-GAAP Cruise Margins, Adjusted Profitability & ROIC
Management Guidance, Earnings Sensitivities & Liquidity (Form 8-K)
- Guidance — Full-Year Adjusted EPS Range, Low ($) ($)32 periods
- Guidance — Full-Year Forecasted APCDs (millions) (M)16 periods
- Guidance — Full-Year Depreciation & Amortization Range, Low ($M) ($M)32 periods
- Guidance — Full-Year Forecasted Fuel Consumption (metric tons)33 periods
- Sensitivity — 1% Change in Full-Year Net Yields ($M) ($M)22 periods
- Total Liquidity Position (Cash + Undrawn Credit Facilities) ($B) ($)19 periods
Fleet Count, Berth Capacity by Brand, Ship-by-Ship Berths & Newbuild Orderbook
Capacity Deployment Mix, Disaggregated Itinerary Revenues & Customer Deposits
- Capacity Deployment Share — Caribbean (%) (%)15 periods
- Capacity Deployment Share — Europe (%) (%)15 periods
- Capacity Deployment Share — Alaska (%) (%)15 periods
- Capacity Deployment Share — Asia-Pacific (%) (%)15 periods
- Capacity Deployment Share — Bermuda (%) (%)14 periods
- Capacity Deployment Share — Other Itineraries (%) (%)15 periods
- Disaggregated Cruise Revenue by Itinerary — Total ($M) ($M)39 periods
- Passenger Ticket Revenue Sourcing — United States Guests (%) (%)10 periods
- Travel Advisor Commissions & Air/Hotel Included in Ticket Revenues ($M) ($M)9 periods
- Customer Deposits — Advance Ticket & Onboard Bookings ($M) ($M)44 periods
Fuel Consumption, Bunker Pricing & Fuel Hedging
- Fuel Consumption (metric tons)16 periods
- Bunker Fuel Pricing Net of Hedging ($ per metric ton) ($)16 periods
- Fuel Cost Net of Hedging as % of Total Revenues (%) (%)8 periods
- Projected Fuel Hedged — Remainder of Current Fiscal Year (%) (%)12 periods
- Projected Fuel Hedged — Next Fiscal Year (Year + 1) (%) (%)15 periods
- Projected Fuel Hedged — Two Years Ahead (Year + 2) (%) (%)14 periods
- Fuel Swap Derivative Notional Outstanding ($M) ($M)7 periods
Ship-by-Ship ECA Debt Schedule & Fleet Property/Equipment Breakdown
Joint Venture (TUI Cruises GmbH 50% JV) & UK Operating Subsidiary (RCL Cruises Ltd)
- TUI Cruises GmbH (50% JV) — RCL Investment Carrying Value ($M) ($M)20 periods
- Equity-Method Affiliates (100% Basis, Primarily TUI Cruises) — Total Revenues ($M) ($M)13 periods
- RCL Cruises Ltd (UK Subsidiary 07366612) — Total Turnover ($M) ($M)8 periods
- RCL Cruises Ltd (UK Subsidiary) — Average Monthly Employees8 periods
Seastainability (ESG), Emissions, Water/Waste, Crew Demographics & Safety
- Total Greenhouse Gas Emissions — Scope 1 + 2 + 3 (mtCO2e)3 periods
- Total Fleet & Shoreside Energy Consumption (MWh)7 periods
- Air Emissions — Nitrogen Oxides (NOx) (metric tons)7 periods
- Total Shipboard Wastewater Discharged (metric tons / m³)7 periods
- Total Potable Water Consumption (cubic meters)3 periods
- Solid Waste Offloaded to Landfill per APCD (lbs / APCD) (×)7 periods
- Total Global Workforce — Shipboard & Shoreside (headcount)7 periods
- Fleet Average CDC VSP Sanitation Inspection Score (0–100, SASB TR-CL-250a.1) (×)4 periods
Global Cruise Industry Benchmarks, Eurostat EU Cruise Traffic & FRED Macro
- Global Cruise Industry — Estimated Year-End Berth Supply (berths)13 periods
- Global Cruise Industry — Total Cruise Guests Carried (millions) (M)13 periods
- Eurostat — EU-27 Homeport Cruise Passengers Starting/Ending a Cruise (thousands)9 periods
- Eurostat — EU-27 Total Maritime Passengers (Annual, thousands)9 periods
- Eurostat — EU-27 Total Maritime Passengers (Quarterly, thousands)40 periods
- FRED — US PPI: Deep Sea Freight & Maritime Transportation (Index) (×)129 periods
Financial & Product Context (Database)
- Total Revenues ($M) ($M)71 periods
- Total Cruise Operating Expenses ($M) ($M)71 periods
- Marketing, Selling & Administrative Expenses ($M) ($M)70 periods
- Depreciation & Amortization ($M) ($M)70 periods
- Operating Income (Loss) ($M) ($M)70 periods
- Interest Expense, Net of Capitalized Interest ($M) ($M)70 periods
- GAAP Net Income (Loss) Attributable to RCL ($M) ($M)70 periods
- Operating Cash Flow ($M) ($M)70 periods
- Total Assets ($M) ($M)67 periods