RCL - NYSE
Royal Caribbean Cruises Ltd.
$286.42
-0.91%Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.
At a Glance
Live SnapshotRoyal Caribbean Cruises Ltd. Profit Bridge
Profitability Analysis
Gross Margin
Strong gross margins indicate healthy pricing and efficient production or service delivery.
Operating Margin
Outstanding operational efficiency. The company generates substantial profit from core operations.
Net Profit Margin
Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.
Royal Caribbean Cruises Ltd. Income Statement
RCL • NYSE
| Royal Caribbean Cruises Ltd. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
17.9B | 16.5B | 13.9B | 8.8B | 1.5B | 2.2B | 11B | 9.5B | 8.8B | 8.5B | 8.3B | 8.1B | 8B | 7.7B | 7.5B | 6.8B | 5.9B | 6.5B | 6.1B | 5.2B | |
GROSS PROFIT | ||||||||||||||||||||
(9.5B) | (8.7B) | (7.8B) | (6.6B) | (2.7B) | (2.8B) | (6.1B) | (5.3B) | (4.9B) | (5B) | (5.1B) | (5.3B) | (5.3B) | (5.2B) | (4.9B) | (4.5B) | (4.1B) | (4.4B) | (4B) | (3.2B) | |
8.4B | 7.8B | 6.1B | 2.2B | -1.2B | -556.3M | 4.9B | 4.2B | 3.9B | 3.5B | 3.2B | 2.8B | 2.7B | 2.5B | 2.6B | 2.3B | 1.8B | 2.1B | 2.2B | 2B | |
OPERATING INCOME | ||||||||||||||||||||
(3.5B) | (3.7B) | (3.2B) | (3B) | (2.7B) | (4B) | (2.8B) | (2.3B) | (2.1B) | (2B) | (2.3B) | (1.8B) | (1.9B) | (2.1B) | (1.7B) | (1.5B) | (1.3B) | (1.3B) | (1.3B) | (1.1B) | |
(2.2B) | (2.1B) | (1.8B) | (1.6B) | (1.4B) | (1.2B) | (1.6B) | (1.3B) | (1.2B) | (1.1B) | (1.1B) | (1B) | (1B) | (1B) | (960.6M) | (848.1M) | (762M) | (776.5M) | (783M) | (699.9M) | |
4.9B | 4.1B | 2.9B | -766M | -3.9B | -4.6B | 2.1B | 1.9B | 1.7B | 1.5B | 874.9M | 941.9M | 798.1M | 403.1M | 931.6M | 802.6M | 488.5M | 832M | 901.3M | 858.4M | |
PRE-TAX INCOME | ||||||||||||||||||||
(992M) | (1.6B) | (1.4B) | (1.4B) | (1.3B) | (844.2M) | (408.5M) | (333.7M) | (300M) | (307.4M) | (277.7M) | (258.3M) | (332.4M) | (355.8M) | (382.4M) | (371.2M) | (300M) | (327.3M) | (333.8M) | (0.0) | |
-968M | -1.6B | -1.4B | -1.3B | -1.3B | -823.2M | -381.6M | -300.9M | -269.9M | -286.5M | -265.7M | -248M | -318.5M | -334.5M | -357.1M | -362M | -293M | -313.2M | -313.8M | 0.0 | |
(1.3B) | (1.6B) | (1.5B) | (1.4B) | (1.3B) | (2.8B) | (1.2B) | (1B) | (951.2M) | (894.9M) | (1.2B) | (776.8M) | (811.7M) | (1.1B) | (702.4M) | (643.7M) | (568.2M) | (520.4M) | (483.1M) | (421.6M) | |
-605M | -1.2B | -1.2B | -1.4B | -1.4B | -1.2B | -175.1M | -79M | -118.9M | -193.8M | -209.1M | -177.7M | -324.5M | -384.8M | -324.2M | -287M | -488.5M | -832M | -901.3M | -858.4M | |
4.3B | 2.9B | 1.7B | -2.2B | -5.3B | -5.8B | 1.9B | 1.8B | 1.6B | 1.3B | 665.8M | 764.1M | 473.7M | 18.3M | 607.4M | 515.7M | 0.0 | 0.0 | 0.0 | 0.0 | |
NET INCOME | ||||||||||||||||||||
(15M) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
4.3B | 2.9B | 1.7B | -2.2B | -5.3B | -5.8B | 1.9B | 1.8B | 1.6B | 1.3B | 665.8M | 764.1M | 473.7M | 18.3M | 607.4M | 515.7M | 162.4M | 573.7M | 603.4M | 633.9M |
SEC Filings
RCL - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 28, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 20, 2026 | May 20, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 17, 2026 | May 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 27, 2026 | February 27, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 13, 2026 | February 12, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 11, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 29, 2026 | January 29, 2026 | 2026 |
Related Guides
Continue your RCL research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.