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Royal Caribbean Cruises Ltd

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
$321.07+13.89 (+4.52%)

Close on Nov 2, 2026Market cap $85.87BP/E 19.8Yield 1.09%

Royal Caribbean Cruises Adjusted EBITDA Margin by Quarter

Adjusted EBITDA Margin (%) (%)

QuarterlyAnnual

Royal Caribbean Cruises Adjusted EBITDA Margin: 45.4% in Q3 2026, up 0.8 pts from a year earlier. That is the highest of the 16 quarters on record here.

Latest, Q3 2026
45.4%
Period ended Sep 30, 2026
Change on a year earlier
+0.8 pts
44.6% in Q3 2025
History
16 quarters
Since Q4 2022
Sources
12
Documents cited below

Where the Q3 2026 figure comes from

“Adjusted EBITDA Margin | 45.4 | % | 44.6 | % | 40.8 | % | 40.5 | % (1)These amounts are included in”

Source: Royal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗

Reported in Form 8-K Earnings Releases.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedAdjusted EBITDA Margin (%) (%)Year on yearSource
Q3 2026Sep 30, 202645.4%+0.8 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗
Q2 2026Jun 30, 202637.9%-2.9 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q2) ↗
Q1 2026Mar 31, 202638.2%+3.1 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q1) ↗
Q4 2025Dec 31, 202534.8%+5.6 ptsRoyal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗
Q3 2025Sep 30, 202544.6%+0.6 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗
Q2 2025Jun 30, 202540.8%+3.0 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q2) ↗
Q1 2025Mar 31, 202535.1%+3.6 ptsRoyal Caribbean Form 8-K Earnings Release (FY2026Q1) ↗
Q4 2024Dec 31, 202429.2%-0.9 ptsRoyal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗
Q3 2024Sep 30, 202444.0%+2.5 ptsRoyal Caribbean Form 8-K Earnings Release (FY2025Q3) ↗
Q2 2024Jun 30, 202437.8%+4.5 ptsRoyal Caribbean Form 8-K Earnings Release (FY2025Q2) ↗
Q1 2024Mar 31, 202431.5%+9.3 ptsRoyal Caribbean Form 8-K Earnings Release (FY2025Q1) ↗
Q4 2023Dec 31, 202330.1%+14.4 ptsRoyal Caribbean Form 8-K Earnings Release (FY2024Q4) ↗
Q3 2023Sep 30, 202341.5%–Royal Caribbean Form 8-K Earnings Release (FY2024Q3) ↗
Q2 2023Jun 30, 202333.3%–Royal Caribbean Form 8-K Earnings Release (FY2024Q2) ↗
Q1 2023Mar 31, 202322.2%–Royal Caribbean Form 8-K Earnings Release (FY2024Q1) ↗
Q4 2022Dec 31, 202215.7%–Royal Caribbean Form 8-K Earnings Release (FY2023Q4) ↗

Cite this data

StockData. (2026). Royal Caribbean Cruises Adjusted EBITDA Margin (%), quarterly Q4 2022–Q3 2026 [Data set]. Compiled from Royal Caribbean Cruises SEC filings and investor materials. https://stockdatahq.com/stocks/rcl/kpis/adj-ebitda-margin

See every metric in the Royal Caribbean Cruises KPI table. Data updated Oct 28, 2026.