Royal Caribbean Cruises revenue and financials
$288.78Change from previous close: +5.00%Absolute change: +$13.75
In the fiscal year ended December 2025, Royal Caribbean Cruises reported revenue of $17.94B (+8.80% year over year). Net income was $4.27B, a net margin of 23.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +8.80%
- 2025 vs 2024
- Net income growth
- +48.35%
- 2025 vs 2024
- Net margin
- 23.8%
- 2024: 17.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 41,619 | 37,070 | 35,131 | 33,776 | 32,258 | 32,465 | 30,320 | 27,698 | 22,296 | 22,310 |
| Current assets | 2,211 | 1,705 | 1,792 | 3,205 | 3,600 | 4,312 | 1,163 | 1,242 | 843 | 748 |
| Cash and equivalents | 825 | 388 | 497 | 1,935 | 2,702 | 3,684 | 244 | 288 | 120 | 133 |
| Receivables | 317 | 371 | 405 | 531 | 408 | — | — | — | — | — |
| Inventory | 264 | 265 | 248 | 224 | 150 | — | — | — | — | — |
| Net property, plant and equipment | 36,316 | 32,508 | 30,725 | 28,084 | 26,450 | — | — | — | — | — |
| Goodwill | 808 | 808 | 809 | 809 | 809 | 809 | 1,386 | 1,378 | 289 | 288 |
| Other intangible assets | 390 | 404 | 418 | 426 | 435 | — | — | — | — | — |
| Long-term investments | 29.0 | 58.0 | 75.0 | 115 | — | — | — | — | — | — |
| Current liabilities | 12,055 | 9,817 | 9,401 | 8,573 | 7,286 | 4,537 | 7,953 | 7,112 | 4,790 | 4,442 |
| Accounts payable | 953 | 919 | 792 | 647 | 546 | — | — | — | — | — |
| Long-term debt | 18,165 | 18,473 | 19,732 | 21,303 | 18,847 | 17,958 | 8,414 | 8,355 | 6,351 | 8,102 |
| Total debt | 22,035 | 20,820 | 22,130 | 23,994 | — | — | — | — | — | — |
| Total liabilities | 31,374 | 29,335 | 30,232 | 30,907 | 27,173 | 23,705 | 17,586 | 16,051 | — | — |
| Total equity (incl. minority) | 10,245 | 7,735 | 4,899 | 2,869 | 5,086 | — | — | — | — | — |
| Retained earnings | 5,925 | 2,612 | -10.0 | -1,707 | 302 | — | — | — | — | — |
| Minority interest | 208 | 172 | 175 | 0.0 | — | — | — | — | — | — |