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 revenue | 17,935 | 16,484 | 13,900 | 8,840 | 1,532 | 2,209 | 10,951 | 9,494 | 8,778 | 8,496 |
| Cost of revenue | 9,083 | 8,652 | 7,775 | 6,616 | 2,739 | 2,765 | 6,063 | 5,262 | 4,897 | 5,016 |
| Gross profit | 9,078 | 8,063 | 6,330 | 2,373 | -1,165 | — | — | — | — | — |
| Selling, general and administrative | 2,441 | 2,337 | 1,981 | 1,720 | 1,410 | — | — | — | — | — |
| Operating income | 4,910 | 4,106 | 2,878 | -766 | -3,870 | -4,602 | 2,083 | 1,895 | 1,744 | 1,477 |
| EBIT | 4,919 | 4,126 | 2,894 | -754 | -3,868 | — | — | — | — | — |
| EBITDA | 6,637 | 5,726 | 4,349 | 653 | -2,575 | — | — | — | — | — |
| Interest expense | 976 | 1,127 | 1,402 | 1,364 | 1,292 | 844 | 409 | 334 | 300 | 307 |
| Pre-tax income | 4,373 | 2,941 | 1,710 | -2,152 | -5,305 | — | — | — | — | — |
| Income tax | 82.0 | 46.0 | 6.0 | 4.0 | -45.0 | — | — | — | — | — |
| Net income | 4,268 | 2,877 | 1,697 | -2,156 | -5,260 | -5,797 | 1,879 | 1,811 | 1,625 | 1,283 |
| Net income to common shareholders | 4,268 | 2,877 | 1,697 | -2,156 | -5,260 | — | — | — | — | — |
| Basic EPS | 15.75 | 11.00 | 6.63 | -8.45 | -20.89 | -27.05 | 8.97 | 8.60 | 7.57 | 5.96 |
| Diluted EPS | 15.61 | 10.94 | 6.31 | -8.45 | -20.89 | -27.05 | 8.95 | 8.56 | 7.53 | 5.93 |
| Average shares (basic) | 271 | 261 | 256 | 255 | 252 | — | — | — | — | — |
| Average shares (diluted) | 274 | 279 | 283 | 255 | 252 | 214 | 210 | 212 | 216 | 216 |
| Dividend per share | 3.50 | 0.95 | — | — | — | — | — | — | — | — |