ROYAL CARIBBEAN CRUISES LTD
Close on Oct 19, 2026
- Market cap
- $75.57B
- P/E (TTM)
- 17.4
- Dividend yield
- 1.24%
About Royal Caribbean Cruises
Water Transportation, SIC 4400
Royal Caribbean Cruises Ltd. operates in the global vacation industry, providing cruise vacations and private land-based destinations. The company operates through three wholly owned global brands—Royal Caribbean, Celebrity Cruises, and Silversea—along with a fifty percent joint venture interest in TUI Cruises, which manages the TUI Cruises and Hapag-Lloyd Cruises brands. Its offerings span contemporary family vacations, premium travel experiences, and ultra-luxury expedition cruises. The company's customer base includes families with children, couples across various age groups, luxury travelers, and international vacationers seeking tailored leisure itineraries.
Across its global and partner brands, the company operates a combined fleet of 69 cruise ships with an aggregate capacity of approximately 179,720 berths. Its itineraries visit more than 1,000 destinations across all seven continents in over 120 countries, complemented by three private land destinations. The text does not disclose the company's headquarters location, though the entity is incorporated in the Republic of Liberia.
Summary of the business section of Royal Caribbean Cruises's latest annual report, written by StockData.
Company profile
Company
- Legal name
- ROYAL CARIBBEAN CRUISES LTD
- Founded
- 1968
- Headquarters
- Miami, FL
- Address
- 1050 Caribbean Way 33132
- Phone
- (305) 539-6000
- Website
- www.royalcaribbeangroup.com
- Employees
- 108,000, Dec 31, 2025
- Industry
- Water Transportation
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Miami, Florida
Stock & identifiers
- Ticker
- RCL
- Exchange
- NYSE
- IPO date
- Apr 28, 1993
- Shares outstanding
- 267M, Jul 24, 2026
- Public float
- $79.10B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Aug 3, 1998
- SEC CIK
- 884887
- CUSIP
- V7780T103
- ISIN
- USV7780T1035
- LEI
- K2NEH8QNVW44JIWK7Z55
- EIN
- 98-0081645
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Michael W. Bayley | Pres&CEO, Royal Caribbean Intl | 45,297 |
| Laura H. Bethge | President, Celebrity Cruises | 32,606 |
| Naftali Holtz | Chief Financial Officer | 59,513 |
| Jason T. Liberty | President & CEO | 261,762 |
| Henry L. Pujol | Chief Accounting Officer | 10,067 |
| Harri U. Kulovaara | EVP, Maritime | 59,959 |
| Robert Alexander Lake | SVP, CLO, Secretary & CCO | 38,449 |
| Tara Bunch | Director | 683 |
| Christopher J. Wiernicki | Director | 922 |
| John Brock | Director | 33,080 |
| Arne Alexander Wilhelmsen | Director | 16,444,430 |
| Richard D. Fain | Director | 414,523 |
| Donald Thompson | Director | 40,314 |
| Amy McPherson | Director | 10,995 |
| Eyal Ofer | Director | 43,756 |
| Ann S. Moore | Director | 28,925 |
| Michael O. Leavitt | Director | 8,933 |
| Maritza Gomez Montiel | Director | 12,771 |
| Stephen R. Howe Jr. | Director | 15,050 |
| Rebecca Yeung | Director | 5,625 |
| Vagn O. Sorensen | Director | 17,238 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr Jason Liberty | $23.98M | $48.99M | $6.66M | $380 | $152 |
| FY2024 Mr Jason Liberty | $19.50M | $76.58M | $5.99M | $310 | $141 |
| FY2023 Mr Jason Liberty | $17.22M | $44.18M | $6.69M | $173 | $121 |
| FY2022 Mr Jason Liberty | $10.76M | $3.85M | $4.74M | $66 | $89 |
| FY2022 Mr Richard Fain | $300.01K | -$4.37M | $4.74M | $66 | $89 |
| FY2022 PEO1 | $300.01K | -$4.37M | $4.74M | $66 | $89 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, our three global cruise brands employed approximately 108,000 employees spanning across our shipboard fleet and shoreside locations.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Oct 26, 2006 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 19, 2006 | Delisting | Notice of delisting from exchange (Form 25) |
| May 16, 2001 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 31, 2001 | Listing | Registration of securities on an exchange (Form 8-A) |