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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 4,832 | 4,452 | 4,259 | 5,139 | 4,538 | 3,999 | 3,760 | 4,886 | 4,110 | 3,728 | 3,331 | 4,160 |
| Cost of revenue | 2,547 | 2,247 | 2,174 | 2,439 | 2,283 | 2,078 | 1,989 | 2,349 | 2,072 | 1,930 | 1,892 | 2,085 |
| Gross profit | 2,285 | 2,205 | 2,085 | 2,700 | 2,255 | 1,921 | 1,771 | 2,537 | 2,038 | 1,798 | 1,439 | 2,075 |
| Selling, general and administrative | 513 | 579 | 696 | 562 | 505 | 560 | 728 | 491 | 537 | 661 | 480 | 445 |
| Operating income | 1,308 | 1,165 | 936 | 1,703 | 1,333 | 949 | 633 | 1,636 | 1,108 | 750 | 591 | 1,265 |
| EBIT | 1,308 | 1,165 | 936 | 1,703 | 1,333 | 949 | 633 | 1,636 | 1,108 | 750 | 591 | 1,265 |
| EBITDA | 1,772 | 1,626 | 1,389 | 2,139 | 1,750 | 1,361 | 1,043 | 2,046 | 1,501 | 1,137 | 959 | 1,631 |
| Interest expense | 236 | 249 | 261 | 248 | 228 | 239 | 259 | 280 | 281 | 308 | 226 | 340 |
| Pre-tax income | 1,164 | 975 | 777 | 1,613 | 1,249 | 752 | 558 | 1,138 | 875 | 370 | 279 | 1,018 |
| Income tax | 28.0 | 26.0 | 15.0 | 34.0 | 34.0 | 16.0 | — | 23.0 | 17.0 | 6.0 | — | 7.0 |
| Net income | 1,128 | 941 | 754 | 1,575 | 1,210 | 730 | 552 | 1,111 | 854 | 360 | 277 | 1,009 |
| Net income to common shareholders | 1,128 | 941 | 754 | 1,575 | 1,210 | 730 | 552 | 1,111 | 854 | 360 | 277 | 1,009 |
| Basic EPS | 4.21 | 3.49 | 2.78 | 5.79 | 4.45 | 2.71 | 2.05 | 4.22 | 3.32 | 1.40 | 1.08 | 3.94 |
| Diluted EPS | 4.20 | 3.48 | 2.76 | 5.74 | 4.40 | 2.70 | 2.01 | 4.21 | 3.11 | 1.35 | 1.06 | 3.65 |
| Average shares (basic) | 268 | 270 | 271 | 272 | 272 | 269 | 269 | 263 | 257 | 257 | 256 | 256 |
| Average shares (diluted) | 268 | 271 | 273 | 274 | 275 | 276 | 277 | 264 | 281 | 281 | 280 | 282 |
| Dividend per share | 1.50 | 1.50 | 1.00 | 1.00 | 0.75 | 0.75 | 0.55 | 0.40 | — | — | — | — |