Royal Caribbean Cruises Ltd
Close on Nov 2, 2026Market cap $85.87BP/E 19.8Yield 1.09%
Royal Caribbean Cruises Adjusted Gross Margin / Net Revenues by Year
Adjusted Gross Margin / Net Revenues ($M) ($M)
Royal Caribbean Cruises Adjusted Gross Margin / Net Revenues: $14,585M in 2025, up 9.5% from a year earlier.
Where the 2025 figure comes from
“Adjusted Gross Margin | $ | 3,508 | $ | 3,488 | $ | 3,086 | $ | 14,585 | $ | 14,577 | $ | 13,325”
Source: Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗
Total revenues less commissions, transportation & other and onboard & other expenses
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Adjusted Gross Margin / Net Revenues ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 14,585 | +9.5% | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| 2024 | Dec 31, 2024 | 13,325 | – | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| 2022 | Dec 31, 2022 | 2,065 | +2.7% | Royal Caribbean Form 8-K Earnings Release (FY2022Q4) ↗ |
| 2021 | Dec 31, 2021 | 2,011 | – | Royal Caribbean Form 8-K Earnings Release (FY2022Q4) ↗ |
| 2019 | Dec 31, 2019 | 8,655 | +15.0% | Royal Caribbean Form 8-K Earnings Release (FY2019Q4) ↗ |
| 2018 | Dec 31, 2018 | 7,523 | +8.7% | Royal Caribbean Form 8-K Earnings Release (FY2019Q4) ↗ |
| 2017 | Dec 31, 2017 | 6,919 | +4.0% | Royal Caribbean Form 8-K Earnings Release (FY2018Q4) ↗ |
| 2016 | Dec 31, 2016 | 6,655 | -99.9% | Royal Caribbean Form 8-K Earnings Release (FY2017Q4) ↗ |
| 2015 | Dec 31, 2015 | 6,345,192 | +104,216.0% | Royal Caribbean Form 8-K Earnings Release (FY2016Q4) ↗ |
| 2014 | Dec 31, 2014 | 6,083 | – | Royal Caribbean Form 8-K Earnings Release (FY2015Q4) ↗ |
Breakdown
What makes up adjusted Gross Margin / Net Revenues
Cite this data
StockData. (2026). Royal Caribbean Cruises Adjusted Gross Margin / Net Revenues ($M), annual 2014–2025 [Data set]. Compiled from Royal Caribbean Cruises SEC filings and investor materials. https://stockdatahq.com/stocks/rcl/kpis/adj-gross-margin
See every metric in the Royal Caribbean Cruises KPI table. Data updated Oct 28, 2026.