Royal Caribbean Cruises Ltd
RCL- Exchange
- NYSE
- Industry
- Water Transportation
- SEC CIK
- 0000884887
In the last 90 days, Royal Caribbean Cruises Ltd insiders filed 0 open-market purchases and 5 sales; 1,245 institutions reported holding it in 13F filings for Q2 2026, worth $75.4B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 28, 2026, 12:33 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 28, 2025 | Feb 1, 2024 | Feb 7, 2023 | Feb 4, 2022 |
| Revenue | $17.9B | $16.5B | $13.9B | $8.84B | $1.53B |
| Cost of revenue | $9.08B | $8.65B | $7.78B | $6.61B | $2.66B |
| Selling, general and administrative | $2.22B | $2.13B | $1.79B | $1.58B | $1.37B |
| Operating income | $4.91B | $4.11B | $2.88B | -$764.0M | -$3.87B |
| Interest expense | – | – | $1.40B | $1.36B | $1.29B |
| Income tax | $82.0M | $46.0M | $6.00M | – | – |
| Net income | $4.27B | $2.88B | $1.70B | -$2.16B | -$5.26B |
| EPS, basic | $15.75 | $11.00 | $6.63 | $-8.45 | $-20.89 |
| EPS, diluted | $15.61 | $10.94 | $6.31 | $-8.45 | $-20.89 |
| Weighted shares, basic | 271.0M | 261.0M | 256.0M | 255.0M | 251.8M |
| Weighted shares, diluted | 274.0M | 279.0M | 283.0M | 255.0M | 251.8M |
| Margins and growth | |||||
| Operating margin | 27.4% | 24.9% | 20.7% | -8.6% | -252.6% |
| Net margin | 23.8% | 17.5% | 12.2% | -24.4% | -343.3% |
| Revenue growth, year over year | +8.8% | +18.6% | +57.2% | +477.0% | −30.6% |
| Net income growth, year over year | +48.3% | +69.5% | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 28, 2025 | Feb 1, 2024 | Feb 7, 2023 | Feb 4, 2022 |
| Cash and equivalents | $825.0M | $388.0M | $497.0M | $1.94B | $2.70B |
| Accounts receivable | $317.0M | $371.0M | $405.0M | $531.1M | $408.1M |
| Inventory | $264.0M | $265.0M | $248.0M | $224.0M | $150.2M |
| Total current assets | $2.21B | $1.71B | $1.79B | $3.21B | $3.60B |
| Property, plant and equipment | $35.7B | $31.8B | $30.1B | $27.5B | $25.9B |
| Goodwill | $808.0M | $808.0M | $809.0M | $809.3M | $809.4M |
| Intangible assets | $390.0M | $404.0M | $418.0M | $426.4M | $434.6M |
| Total assets | $41.6B | $37.1B | $35.1B | $33.8B | $32.3B |
| Accounts payable | $953.0M | $919.0M | $792.0M | $646.7M | $546.0M |
| Short-term debt | $3.18B | $1.60B | $1.72B | $2.09B | $2.24B |
| Total current liabilities | $12.1B | $9.82B | $9.40B | $8.57B | $7.29B |
| Total liabilities | $31.4B | $29.3B | $30.2B | $30.9B | $27.2B |
| Shareholders' equity | $10.2B | $7.74B | $4.90B | $2.87B | $5.09B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 29, 2026 | Jan 28, 2025 | Feb 1, 2024 | Feb 7, 2023 | Feb 4, 2022 |
| Operating cash flow | $6.46B | $5.26B | $4.48B | $481.9M | -$1.88B |
| Capital expenditures | $5.23B | $3.27B | $3.90B | $2.71B | $2.23B |
| Free cash flow | $1.24B | $2.00B | $580.0M | -$2.23B | -$4.11B |
| Depreciation and amortization | $1.72B | $1.60B | $1.46B | $1.41B | $1.29B |
| Stock-based compensation | $175.0M | $267.0M | $126.0M | $36.1M | $63.6M |
| Dividends paid | $824.0M | $107.0M | – | $0 | $0 |
| Share buybacks | $1.16B | – | – | – | $0 |
| Investing cash flow | -$5.01B | -$3.45B | -$3.92B | -$2.99B | -$2.14B |
| Financing cash flow | -$1.02B | -$1.92B | -$1.99B | $1.74B | $3.04B |
| Net change in cash | $437.0M | -$109.0M | -$1.44B | -$766.8M | -$982.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.0% | 1.6% | 0.9% | 0.4% | 4.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 267.5M | −1.9% | SEC |
| Jul 24, 2026 | 267.5M | −1.5% | SEC |
| Apr 27, 2026 | 268.2M | −1.2% | SEC |
| Feb 9, 2026 | 270.5M | +0.5% | SEC |
| Oct 24, 2025 | 272.7M | +1.4% | SEC |
| Jul 25, 2025 | 271.6M | +5.5% | SEC |
| Apr 25, 2025 | 271.6M | +5.5% | SEC |
| Feb 11, 2025 | 269.1M | +4.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.