Royal Caribbean Cruises Ltd. (RCL)

RCL Financials

RCL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	18.388B	4.452B	4.259B	5.139B	4.538B	3.999B	3.761B	4.886B	4.110B
Cost of Goods Sold	9.704B	2.247B	2.695B	2.479B	2.283B	2.078B	2.052B	2.391B	2.152B
Gross Profit	8.684B	2.205B	1.564B	2.660B	2.255B	1.921B	1.709B	2.495B	1.958B
Gross Profit Margin	49.5%	49.5%	36.7%	51.8%	49.7%	48.0%	45.4%	51.1%	47.6%
Total Operating Expenses	3.558B	1.043B	631.000M	958.000M	926.000M	976.000M	1.085B	861.000M	859.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.242B	582.000M	630.000M	522.000M	508.000M	562.000M	673.000M	451.000M	466.000M
Operating Income (EBIT)	5.126B	1.162B	933.000M	1.702B	1.329B	945.000M	624.000M	1.634B	1.099B
Operating Margin	26.1%	26.1%	21.9%	33.1%	29.3%	23.6%	16.6%	33.4%	26.7%
Income Before Tax (EBT)	4.543B	976.000M	777.000M	1.575B	1.215B	737.000M	560.000M	1.115B	858.000M
Interest Income	27.000M	5.000M	7.000M	3.000M	12.000M	2.000M	3.000M	4.000M	4.000M
Interest Expense	1.021B	278.000M	267.000M	248.000M	228.000M	249.000M	266.000M	603.000M	298.000M
Other Income/Expense	-583.000M	-186.000M	-156.000M	-127.000M	-114.000M	-208.000M	-64.000M	-519.000M	-241.000M
Net Income	4.484B	941.000M	754.000M	1.579B	1.210B	730.000M	552.000M	1.111B	854.000M
Income Tax Expense	41.000M	26.000M	15.000M	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	21.1%	21.1%	17.7%	30.7%	26.7%	18.3%	14.7%	22.7%	20.8%
EBITDA	7.226B	1.715B	1.393B	2.258B	1.860B	1.398B	1.236B	2.128B	1.549B
EBITDA Margin	38.5%	38.5%	32.7%	43.9%	41.0%	35.0%	32.9%	43.6%	37.7%
Depreciation & Amortization	1.662B	461.000M	349.000M	435.000M	417.000M	412.000M	410.000M	410.000M	393.000M
EPS Basic	16.51	3.49	2.78	5.79	4.45	2.71	2.02	4.22	3.32
EPS Diluted	16.39	3.48	2.76	5.74	4.41	2.70	2.00	4.21	3.11
Shares Outstanding	270.000M	270.000M	271.000M	272.000M	272.000M	269.000M	269.000M	263.000M	257.000M
Diluted Shares Outstanding	271.000M	271.000M	273.000M	274.000M	275.000M	276.000M	277.000M	264.000M	281.000M

RCL Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	17.935B	16.485B	13.900B	8.840B	1.532B	2.209B	10.951B	9.494B
Cost of Goods Sold	9.535B	8.652B	7.775B	6.616B	2.739B	2.765B	6.063B	5.262B
Gross Profit	8.400B	7.833B	6.125B	2.224B	-1.207B	-556.303M	4.888B	4.232B
Gross Profit Margin	46.8%	47.5%	44.1%	25.2%	-78.8%	-25.2%	44.6%	44.6%
Total Operating Expenses	3.491B	3.727B	3.247B	2.990B	2.663B	4.045B	2.805B	2.337B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	2.222B	2.125B	1.792B	1.583B	1.370B	1.200B	1.559B	1.303B
Operating Income (EBIT)	4.909B	4.106B	2.878B	-766.000M	-3.870B	-4.602B	2.083B	1.895B
Operating Margin	27.4%	24.9%	20.7%	-8.7%	-252.6%	-208.3%	19.0%	20.0%
Income Before Tax (EBT)	4.304B	2.897B	1.704B	-2.156B	-5.260B	-5.775B	1.908B	1.816B
Interest Income	24.000M	16.000M	36.000M	36.000M	17.000M	21.036M	26.945M	32.800M
Interest Expense	992.000M	1.590B	1.402B	1.364B	1.292B	844.238M	408.513M	333.672M
Other Income/Expense	-605.000M	-1.209B	-1.174B	-1.390B	-1.390B	-1.174B	-175.101M	-79.009M
Net Income	4.273B	2.877B	1.697B	-2.156B	-5.260B	-5.797B	1.879B	1.811B
Income Tax Expense	15.000M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	23.8%	17.5%	12.2%	-24.4%	-343.3%	-262.5%	17.2%	19.1%
EBITDA	6.909B	6.087B	4.561B	615.000M	-2.675B	-3.652B	3.562B	3.183B
EBITDA Margin	38.5%	36.9%	32.8%	7.0%	-174.6%	-165.3%	32.5%	33.5%
Depreciation & Amortization	1.613B	1.600B	1.455B	1.407B	1.293B	1.279B	1.246B	1.034B
EPS Basic	15.73	11.00	6.63	-8.45	-20.89	-27.05	8.97	8.60
EPS Diluted	15.61	10.94	6.31	-8.45	-20.89	-27.05	8.95	8.56
Shares Outstanding	271.000M	261.000M	256.000M	255.011M	251.812M	214.335M	209.405M	210.570M
Diluted Shares Outstanding	273.000M	279.000M	283.000M	255.011M	251.812M	214.335M	209.930M	211.554M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company's corporate headquarters are situated in Miami, Florida.

Miami, FL

105,950 employees

www.rclinvestor.com

Consumer Cyclical / Travel Services

Sector: Consumer Cyclical
Industry: Travel Services
CEO: Jason T. Liberty

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