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Royal Caribbean Cruises Ltd (RCL)

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SEC name ROYAL CARIBBEAN CRUISES LTD · CIK 0000884887 · NYSE · Water Transportation

  • Sector Transportation & Utilities
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Royal Caribbean Cruises Ltd reported revenue of $17.93B. Revenue grew 8.8% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $18.68B.

Key ratios (year ended 2025-12-31)

49.4%
Gross margin (computed)
27.4%
Operating margin
23.8%
Net margin
42.5%
Return on year-end equity
8.8%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 8-K (current report) · 2026-09-23

Headquarters locality: Miami · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$18.68B$17.93B$16.48B$13.90B$8.84B$1.53B$2.21B$10.95B$9.49B$8.78B$8.50B
Cost of Revenue$9.52B$9.08B$8.65B$7.78B$6.62B$2.74B$2.77B$6.06B$5.26B$4.90B$5.02B
Gross Profit (computed)$9.17B$8.85B$7.83B$6.12B$2.22B-$1.21B-$556.30M$4.89B$4.23B$3.88B$3.48B
Operating Income$5.10B$4.91B$4.11B$2.88B-$766.00M-$3.87B-$4.60B$2.08B$1.89B$1.74B$1.48B
Depreciation & Amortization$1.81B$1.72B$1.60B$1.46B$1.41B$1.29B$1.28B$1.25B$1.03B$951.19M$894.91M
EBITDA$6.92B$6.63B$5.71B$4.33B$641.00M-$2.58B-$3.32B$3.33B$2.93B$2.70B$2.37B
Net Income$4.40B$4.27B$2.88B$1.70B-$2.16B-$5.26B-$5.80B$1.88B$1.81B$1.63B$1.28B
EPS (Diluted)n/a$15.61$10.94$6.31-$8.45-$20.89-$27.05$8.95$8.56$7.53$5.93
Total Assets$44.64B$41.62B$37.07B$35.13B$33.78B$32.26B$32.47B$30.32B$27.70B$22.36B$22.31B
Total Liabilities$34.18B$31.37B$29.34B$30.23B$30.91B$27.17B$23.70B$17.59B$16.05B$11.66Bn/a
Shareholders' Equity$10.24B$10.04B$7.56B$4.72B$2.87B$5.09B$8.76B$12.16B$11.11B$10.70B$9.12B
Cash & Equivalents$875.00M$825.00M$388.00M$497.00M$1.94B$2.70B$3.68B$243.74M$287.85M$120.11M$132.60M
Operating Cash Flow$6.79B$6.46B$5.26B$4.48B$481.00M-$1.88B-$3.73B$3.72B$3.48B$2.87B$2.52B
Capital Expenditures$7.20B$5.23B$3.27B$3.90B$2.71B$2.23B$1.97B$3.02B$3.66B$564.14M$2.49B
Free Cash Flow-$416.00M$1.24B$2.00B$580.00M-$2.23B-$4.11B-$5.70B$691.70M-$180.89M$2.31B$22.33M
Share Repurchases$1.95B$1.16B$0$0n/a$0$0$99.58M$575.04M$225.00M$299.96M
Dividends Paid$1.15B$824.00M$107.00M$0$0$0$326.42M$602.67M$527.49M$437.45M$346.49M
Dividends Per Sharen/a$3.50$0.95$0.00$0.00n/a$0.78$2.96$2.60$2.16$1.71
Weighted Average Diluted Sharesn/a274.00M279.00M283.00M255.00M252.00M214.34M209.93M211.55M215.69M216.32M
EPS (Basic)n/a$15.75$11.00$6.63-$8.45-$20.89-$27.05$8.97$8.60$7.57$5.96

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