Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 27.05% is 36% above its 5-year average of 19.84%, near the high end of its 5-year range (-2010.32%–33.44%).
As of the fiscal period ended Tuesday, June 30, 2026. 1.61% below its 12-month average of 27.49%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
27.05%
OPERATING MARGIN AVG TTM
27.49%
OPERATING MARGIN AVG 3Y
25.18%
OPERATING MARGIN AVG 5Y
19.84%
OPERATING MARGIN AVG 10Y
19.46%
OPERATING MARGIN AVG 15Y
15.57%
OPERATING MARGIN AVG 20Y
14.50%
CURRENT VS TTM AVG
-1.61%
CURRENT VS 3Y AVG
+7.41%
CURRENT VS 5Y AVG
+36.30%
CURRENT VS 10Y AVG
+39.01%
CURRENT VS 15Y AVG
+73.74%
CURRENT VS 20Y AVG
+86.51%
SECTOR MEDIAN · CONSUMER CYCLICAL
10.96%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
+146.68%
vs the sector median at left
Royal Caribbean Cruises Ltd.
Market Cap
$82.57B
Operating Margin
27.05%
TTM Avg
27.49%
3Y Avg
25.18%
5Y Avg
19.84%
Market Cap
$82.06B
Operating Margin
12.22%
TTM Avg
12.07%
3Y Avg
11.53%
5Y Avg
10.31%
Market Cap
$80.07B
Operating Margin
0.98%
TTM Avg
4.20%
3Y Avg
5.10%
5Y Avg
5.52%
Market Cap
$76.38B
Operating Margin
19.56%
TTM Avg
19.46%
3Y Avg
19.91%
5Y Avg
20.42%
Market Cap
$90.23B
Operating Margin
15.80%
TTM Avg
15.41%
3Y Avg
15.95%
5Y Avg
12.87%
Market Cap
$92.40B
Operating Margin
8.26%
TTM Avg
11.87%
3Y Avg
12.07%
5Y Avg
9.62%
Market Cap
$70.09B
Operating Margin
23.35%
TTM Avg
21.79%
3Y Avg
22.30%
5Y Avg
16.16%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Royal Caribbean Cruises Ltd. (RCL) | $82.57B | 27.05% | 27.49% | 25.18% | 19.84% |
| Ross Stores, Inc. (ROST)vs › | $82.06B | 12.22% | 12.07% | 11.53% | 10.31% |
| General Motors Company (GM)vs › | $80.07B | 0.98% | 4.20% | 5.10% | 5.52% |
| Carvana Co. (CVNA)vs › | $79.41B | 8.93% | 8.29% | 1.23% | -0.31% |
| O'Reilly Automotive, Inc. (ORLY)vs › | $76.38B | 19.56% | 19.46% | 19.91% | 20.42% |
| Marriott International, Inc. (MAR)vs › | $90.23B | 15.80% | 15.41% | 15.95% | 12.87% |
| MercadoLibre, Inc. (MELI)vs › | $92.40B | 8.26% | 11.87% | 12.07% | 9.62% |
| Ferrari N.V. (RACE)vs › | $71.66B | 29.57% | 28.84% | 27.34% | 25.94% |
| Hilton Worldwide Holdings Inc. (HLT)vs › | $70.09B | 23.35% | 21.79% | 22.30% | 16.16% |
| Sea Limited (SE)vs › | $69.12B | 8.20% | 6.04% | 0.46% | -7.31% |
Gross Margin
46.6%
Operating Margin
27.0%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 27.05% |
| 2026-03-31 | 26.10% |
| 2025-12-31 | 21.91% |
| 2025-09-30 | 33.12% |
| 2025-06-30 | 29.29% |
| 2025-03-31 | 23.63% |
| 2024-12-31 | 16.59% |
| 2024-09-30 | 33.44% |
| 2024-06-30 | 26.74% |
| 2024-03-31 | 20.12% |
| 2023-12-31 | 17.10% |
| 2023-09-30 | 30.41% |
| 2023-06-30 | 21.88% |
| 2023-03-31 | 9.42% |
| 2022-12-31 | 0.59% |
| 2022-09-30 | 9.97% |
| 2022-06-30 | -10.01% |
| 2022-03-31 | -81.12% |
| 2021-12-31 | -105.04% |
| 2021-09-30 | -220.11% |
| 2021-06-30 | -2010.32% |
| 2021-03-31 | -1926.10% |
| 2020-12-31 | -2977.76% |
| 2020-09-30 | 2956.88% |
| 2020-06-30 | -730.32% |
| 2020-03-31 | -64.27% |
| 2019-12-31 | 11.89% |
| 2019-09-30 | 27.95% |
| 2019-06-30 | 20.44% |
| 2019-03-31 | 13.07% |
| 2018-12-31 | 15.61% |
| 2018-09-30 | 28.60% |
| 2018-06-30 | 19.55% |
| 2018-03-31 | 13.52% |
| 2017-12-31 | 15.33% |
| 2017-09-30 | 28.70% |
| 2017-06-30 | 19.12% |
| 2017-03-31 | 13.92% |
| 2016-12-31 | 15.54% |
| 2016-09-30 | 28.67% |
| 2016-06-30 | 13.41% |
| 2016-03-31 | 8.51% |
| 2015-12-31 | 13.14% |
| 2015-09-30 | 10.23% |
| 2015-06-30 | 12.69% |
| 2015-03-31 | 5.82% |
| 2014-12-31 | 6.57% |
| 2014-09-30 | 22.16% |
| 2014-06-30 | 9.88% |
| 2014-03-31 | 5.16% |
| 2013-12-31 | 4.04% |
| 2013-09-30 | 19.22% |
| 2013-06-30 | 6.02% |
| 2013-03-31 | 8.67% |
| 2012-12-31 | -15.57% |
| 2012-09-30 | 20.31% |
| 2012-06-30 | 5.32% |
| 2012-03-31 | 7.38% |
| 2011-12-31 | 5.98% |
| 2011-09-30 | 21.87% |
| 2011-06-30 | 9.51% |
| 2011-03-31 | 8.94% |
| 2010-12-31 | 7.58% |
| 2010-09-30 | 21.62% |
| 2010-06-30 | 8.97% |
| 2010-03-31 | 6.18% |
| 2009-12-31 | 5.67% |
| 2009-09-30 | 17.40% |
| 2009-06-30 | 4.08% |
| 2009-03-31 | 3.34% |
| 2008-12-31 | 4.36% |
| 2008-09-30 | 22.39% |
| 2008-06-30 | 10.67% |
| 2008-03-31 | 9.63% |
| 2007-12-31 | 9.25% |
| 2007-09-30 | 24.72% |
| 2007-06-30 | 13.56% |
| 2007-03-31 | 6.51% |
| 2006-12-31 | 9.85% |
| 2006-09-30 | 25.64% |
| 2006-06-30 | 14.25% |
| 2006-03-31 | 12.30% |
| 2005-12-31 | 5.42% |
| 2005-09-30 | 26.66% |
| 2005-06-30 | 17.80% |
| 2005-03-31 | 17.22% |
| 2004-12-31 | 17.64% |
| 2004-09-30 | 25.86% |
| 2004-06-30 | 17.02% |
| 2004-03-31 | 15.11% |
| 2003-12-31 | 208.33% |
| 2003-09-30 | -35.90% |
| 2003-06-30 | -51.14% |
| 2003-03-31 | -49.72% |
| 2002-12-31 | 213.79% |
| 2002-09-30 | -34.90% |
