Royal Caribbean Cruises Ltd
Close on Nov 2, 2026Market cap $85.87BP/E 19.8Yield 1.09%
Royal Caribbean Cruises Fuel Cost Net of Hedging as % of Total Revenues by Year
Fuel Cost Net of Hedging as % of Total Revenues (%) (%)
Royal Caribbean Cruises Fuel Cost Net of Hedging as % of Total Revenues: 6.4% in 2025, down 0.6 pts from a year earlier. That is the lowest of the 8 years on record here.
Where the 2025 figure comes from
“Our exposure to market risk for changes in fuel prices relates primarily to the consumption of fuel on our ships. Fuel cost, net of the financial impact of fuel swap agreements, as a percentage of our total revenues, was approximately 6.4% ”
Source: Royal Caribbean Form 10-K (FY2025) ↗
Reported in Form 10-K Item 1 Fuel Disclosures (FY2018–FY2025).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Fuel Cost Net of Hedging as % of Total Revenues (%) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 6.4% | -0.6 pts | Royal Caribbean Form 10-K (FY2025) ↗ |
| 2024 | Dec 31, 2024 | 7.0% | -1.3 pts | Royal Caribbean Form 10-K (FY2025) ↗ |
| 2023 | Dec 31, 2023 | 8.3% | -3.8 pts | Royal Caribbean Form 10-K (FY2025) ↗ |
| 2022 | Dec 31, 2022 | 12.1% | -13.0 pts | Royal Caribbean Form 10-K (FY2024) ↗ |
| 2021 | Dec 31, 2021 | 25.1% | +8.3 pts | Royal Caribbean Form 10-K (FY2023) ↗ |
| 2020 | Dec 31, 2020 | 16.8% | +10.4 pts | Royal Caribbean Form 10-K (FY2022) ↗ |
| 2019 | Dec 31, 2019 | 6.4% | -1.1 pts | Royal Caribbean Form 10-K (FY2021) ↗ |
| 2018 | Dec 31, 2018 | 7.5% | – | Royal Caribbean Form 10-K (FY2020) ↗ |
Cite this data
StockData. (2026). Royal Caribbean Cruises Fuel Cost Net of Hedging as % of Total Revenues (%), annual 2018–2025 [Data set]. Compiled from Royal Caribbean Cruises SEC filings and investor materials. https://stockdatahq.com/stocks/rcl/kpis/fuel-pct-revenue
See every metric in the Royal Caribbean Cruises KPI table. Data updated Oct 28, 2026.