Royal Caribbean Cruises Ltd
Close on Nov 2, 2026Market cap $85.87BP/E 19.8Yield 1.09%
Royal Caribbean Cruises Net Cruise Costs: $7,949M in 2025, up 4.6% from a year earlier. That is the highest of the 11 years on record here.
Where the 2025 figure comes from
“Net Cruise Costs | 2,120 | 2,111 | 2,043 | 7,949 | 7,931 | 7,600”
Source: Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗
Reported in Form 10-K, Form 10-Q & Form 8-K Non-GAAP Reconciliations.
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Net Cruise Costs ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 7,949 | +4.6% | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| 2024 | Dec 31, 2024 | 7,600 | +12.6% | Royal Caribbean Form 8-K Earnings Release (FY2025Q4) ↗ |
| 2023 | Dec 31, 2023 | 6,747 | +27.4% | Royal Caribbean Form 8-K Earnings Release (FY2024Q4) ↗ |
| 2022 | Dec 31, 2022 | 5,295 | 0.0% | Royal Caribbean Form 8-K Earnings Release (FY2023Q4) ↗ |
| 2021 | Dec 31, 2021 | 5,296 | – | Royal Caribbean Form 8-K Earnings Release (FY2022Q4) ↗ |
| 2019 | Dec 31, 2019 | 5,296 | +16.1% | Royal Caribbean Form 8-K Earnings Release (FY2019Q4) ↗ |
| 2018 | Dec 31, 2018 | 4,560 | +8.0% | Royal Caribbean Form 8-K Earnings Release (FY2019Q4) ↗ |
| 2017 | Dec 31, 2017 | 4,224 | -1.2% | Royal Caribbean Form 8-K Earnings Release (FY2018Q4) ↗ |
| 2016 | Dec 31, 2016 | 4,274 | +1.0% | Royal Caribbean Form 8-K Earnings Release (FY2017Q4) ↗ |
| 2015 | Dec 31, 2015 | 4,232 | -1.9% | Royal Caribbean Form 8-K Earnings Release (FY2016Q4) ↗ |
| 2014 | Dec 31, 2014 | 4,315 | – | Royal Caribbean Form 8-K Earnings Release (FY2015Q4) ↗ |
Breakdown
What makes up net Cruise Costs
Cite this data
StockData. (2026). Royal Caribbean Cruises Net Cruise Costs ($M), annual 2014–2025 [Data set]. Compiled from Royal Caribbean Cruises SEC filings and investor materials. https://stockdatahq.com/stocks/rcl/kpis/net-cruise-costs
See every metric in the Royal Caribbean Cruises KPI table. Data updated Oct 28, 2026.