Royal Caribbean Cruises Ltd
Close on Nov 2, 2026Market cap $85.87BP/E 19.8Yield 1.09%
Royal Caribbean Cruises GAAP Gross Margin — Yield Reconciliation by Quarter
GAAP Gross Margin — Yield Reconciliation ($M) ($M)
Royal Caribbean Cruises GAAP Gross Margin — Yield Reconciliation: $2,390M in Q3 2026, up 7.4% from a year earlier. That is the highest of the 10 quarters on record here.
Where the Q3 2026 figure comes from
“Gross Margin | 2,390 | 2,374 | 2,225 | 5,955 | 5,870 | 5,570”
Source: Royal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗
Reported in Form 10-K, Form 10-Q & Form 8-K Non-GAAP Reconciliations.
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | GAAP Gross Margin — Yield Reconciliation ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| Q3 2026 | Sep 30, 2026 | 2,390 | +7.4% | Royal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗ |
| Q2 2026 | Jun 30, 2026 | 1,820 | -1.0% | Royal Caribbean Form 8-K Earnings Release (FY2026Q2) ↗ |
| Q1 2026 | Mar 31, 2026 | 1,744 | +15.6% | Royal Caribbean Form 8-K Earnings Release (FY2026Q1) ↗ |
| Q4 2025 | Dec 31, 2025 | 1,564 | +20.5% | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| Q3 2025 | Sep 30, 2025 | 2,225 | – | Royal Caribbean Form 8-K Earnings Release (FY2026Q3) ↗ |
| Q2 2025 | Jun 30, 2025 | 1,838 | – | Royal Caribbean Form 8-K Earnings Release (FY2026Q2) ↗ |
| Q1 2025 | Mar 31, 2025 | 1,508 | – | Royal Caribbean Form 8-K Earnings Release (FY2026Q1) ↗ |
| Q4 2024 | Dec 31, 2024 | 1,298 | – | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| Q4 2022 | Dec 31, 2022 | 682 | -45.2% | Royal Caribbean Form 8-K Earnings Release (FY2022Q4) ↗ |
| Q4 2021 | Dec 31, 2021 | 1,244 | – | Royal Caribbean Form 8-K Earnings Release (FY2022Q4) ↗ |
Cite this data
StockData. (2026). Royal Caribbean Cruises GAAP Gross Margin — Yield Reconciliation ($M), quarterly Q4 2021–Q3 2026 [Data set]. Compiled from Royal Caribbean Cruises SEC filings and investor materials. https://stockdatahq.com/stocks/rcl/kpis/gross-margin
See every metric in the Royal Caribbean Cruises KPI table. Data updated Oct 28, 2026.