ROYAL CARIBBEAN CRUISES LTD
Close on Oct 19, 2026
- Market cap
- $75.57B
- P/E (TTM)
- 17.4
- Dividend yield
- 1.24%
Earnings
Next report expected Oct 27, 2026, before market open (estimated from past report dates)
| Quarter | Reported | Time | Revenue | EPS (GAAP) | EPS (adjusted) |
|---|---|---|---|---|---|
| Q2 FY2026 Ended Jun 30, 2026 | Jul 28, 2026 | Before market open | $4.80B | $4.20 | $4.21 |
| Q1 FY2026 Ended Mar 31, 2026 | Apr 30, 2026 | Before market open | $4.50B | $3.48 | $3.60 |
| Q4 FY2025 Ended Dec 31, 2025 | Jan 29, 2026 | Before market open | $4.30B | $2.76 | $2.80 |
| Q3 FY2025 Ended Sep 30, 2025 | Oct 28, 2025 | Before market open | $5.10B | $5.74 | $5.75 |
| Q2 FY2025 Ended Jun 30, 2025 | Jul 29, 2025 | Before market open | – | – | – |
| Q1 FY2025 Ended Mar 31, 2025 | Apr 29, 2025 | Before market open | – | – | – |
| Q4 FY2024 Ended Dec 31, 2024 | Jan 28, 2025 | Before market open | – | – | – |
| Q3 FY2024 Ended Sep 30, 2024 | Oct 29, 2024 | Before market open | – | – | – |
| Q2 FY2024 Ended Jun 30, 2024 | Jul 25, 2024 | Before market open | – | – | – |
| Q1 FY2024 Ended Mar 31, 2024 | Apr 25, 2024 | Before market open | – | – | – |
| Q4 FY2023 Ended Dec 31, 2023 | Feb 1, 2024 | Before market open | – | – | – |
Company guidance
Outlook given with results on Jul 28, 2026, compared with the previous outlook
| Measure | Period | Guidance | vs. prior |
|---|---|---|---|
| Capital expenditures | full year 2026 | $4.70B | Lowered |
| Non-new ship related capital expenditures | full year 2026 | $1.60B | Lowered |
| Adjusted EPSnon-GAAP | full year | $17.73 to $17.87 | Raised |
| Adjusted EPSnon-GAAP | third quarter | $6.26 to $6.36 | New |
| Net Yields as-reported | Full Year 2026 | 2.35% to 2.85% growth | Raised |
| Net Cruise Costs per APCD vs. 2025 (As-Reported) | Full Year 2026 | 1.7% growth | Lowered |
| Net Yields in Constant Currencynon-GAAP | Full Year 2026 | 1.75% to 2.25% growth | Raised |
| NCC, excluding Fuel, per APCD as-reportednon-GAAP | Full Year 2026 | 0.4% growth | Lowered |
| Net Cruise Costs per APCD vs. 2025 (Constant Currency)non-GAAP | Full Year 2026 | 1.4% growth | Raised |
| Depreciation and amortization | Full Year 2026 | $1.91B to $1.92B | Raised |
| Net Interest, excluding loss on extinguishment of debt | Full Year 2026 | $980.00M to $990.00M | Lowered |
| Net Cruise Costs per APCD vs. 2025 (As-Reported) | Third Quarter 2026 | 0.3% to 0.8% growth | New |
| NCC, excluding Fuel, per APCD as-reportednon-GAAP | Third Quarter 2026 | -1.7% to -1.2% growth | New |
| NCC, excluding Fuel, per APCD in Constant Currencynon-GAAP | Third Quarter 2026 | -1.6% to -1.1% growth | Raised |
| Net Cruise Costs per APCD vs. 2025 (Constant Currency)non-GAAP | Third Quarter 2026 | 0.4% to 0.9% growth | Raised |
| Depreciation and amortization | Third Quarter 2026 | $485.00M to $495.00M | New |
| Net Interest, excluding loss on extinguishment of debt | Third Quarter 2026 | $255.00M to $265.00M | Lowered |
| Revenue | Full Year 2026 | 9% growth | Lowered |
| total revenue | Third Quarter 2026 | 8% growth | New |
Figures and the sentence they come from are taken from the company's earnings release. Hover a measure to read the source sentence.
Press releases
Announcements Royal Caribbean Cruises filed with the SEC
CARIBBEAN GROUP AND SANDALS RESORTS ANNOUNCE LANDMARK
Other events · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER RESULTS ABOVE EXPECTATIONS AND RAISES FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
MIAMI, July 20, 2026 – Royal Caribbean Group
Executive or director change · Regulation FD disclosure · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER RESULTS THAT EXCEEDED EXPECTATIONS AND PROVIDES AN UPDATE TO FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
Group Appoints Christopher J. Wiernicki to
Executive or director change · Regulation FD disclosure · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS 2025 RESULTS, ISSUES 2026 GUIDANCE
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS, INCREASES FULL YEAR GUIDANCE AND ANNOUNCES A NEW EXCLUSIVE DESTINATION
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER RESULTS AND INCREASES FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP ANNOUNCES BOARD LEADERSHIP TRANSITION PLANS
Other events · EX-99.1 to Form 8-K
Group announces upsizing and extension of revolving credit facilities
Material agreement · New financial obligation · Regulation FD disclosure · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER RESULTS AND INCREASES FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
Royal Caribbean Group announces completion of private exchanges
Unregistered share sale · Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces entry into exchange agreements with
Unregistered share sale · Other events · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS 2024 RESULTS, ISSUES 2025 GUIDANCE AND ANNOUNCES LAUNCH OF RIVER VACATIONS
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS AND INCREASES FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
Group announces completion of $1.5 billion offering of senior unsecured notes to refinance existing indebtedness
Material agreement · New financial obligation · Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces upsizing and pricing of $1.5
Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces proposed offering of senior unsecured
Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces completion of private exchanges
Unregistered share sale · Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces completion of $2.0 billion offering
Material agreement · New financial obligation · Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces entry into exchange agreements with
Unregistered share sale · Other events · EX-99.1 to Form 8-K
Caribbean Group announces upsizing and pricing of $2.0 billion offering of senior unsecured notes to refinance certain
Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces proposed offering of senior unsecured
Other events · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER RESULTS, INCREASES FULL YEAR GUIDANCE, AND REINSTATES DIVIDEND
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER RESULTS AND INCREASES FULL YEAR GUIDANCE ON CONTINUED STRONG DEMAND
Results of operations · EX-99.1 to Form 8-K
completion of $1.25 billion offering of senior unsecured notes to refinance its senior notes due 2027
Material agreement · New financial obligation · Other events · EX-99.1 to Form 8-K
Royal Caribbean Group announces upsizing and pricing of $1.25 billion
Other events · EX-99.1 to Form 8-K
announces proposed offering of senior unsecured notes to refinance its senior notes due 2027
Other events · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP INCREASES 2024 GUIDANCE
Regulation FD disclosure · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS 2023 RESULTS AND EXPECTS RECORD EARNINGS IN 2024 ON STRONG DEMAND
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS THIRD QUARTER RESULTS AND INCREASES FULL YEAR GUIDANCE
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS SECOND QUARTER EARNINGS AND INCREASES FULL YEAR GUIDANCE ON CONTINUED REVENUE ACCELERATION
Results of operations · EX-99.1 to Form 8-K
ROYAL CARIBBEAN GROUP REPORTS FIRST QUARTER EARNINGS AND INCREASES FULL YEAR GUIDANCE ON STRONG REVENUE OUTLOOK
Results of operations · EX-99.1 to Form 8-K