RCL
Royal Caribbean Cruises Ltd.
Stock
$277.74+7.75 (+2.87%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.7B | $17.9B | $16.5B | $13.9B | $8.8B | $1.5B | $2.2B | $11.0B | $9.5B | $8.8B | $8.5B | $8.3B | $8.1B | $8.0B | $7.7B | $7.5B | $6.8B | $5.9B | $6.5B |
| Cost of revenue | $9.5B | $9.1B | $8.7B | $7.8B | $6.6B | $2.7B | $2.8B | $6.1B | $5.3B | $4.9B | $5.0B | $5.1B | $5.3B | $5.3B | $5.2B | $4.9B | $4.5B | $4.1B | $4.4B |
| Gross profit | $9.2B | $8.9B | $7.8B | $6.1B | $2.2B | −$1.2B | −$556M | $4.9B | $4.2B | $3.9B | $3.5B | $3.2B | $2.8B | $2.7B | $2.5B | $2.6B | $2.3B | $1.8B | $2.1B |
| SG&A | $2.2B | $2.2B | $2.1B | $1.8B | $1.6B | $1.4B | $1.2B | $1.6B | $1.3B | $1.2B | $1.1B | $1.1B | $1.0B | $1.0B | $1.0B | $961M | $848M | $762M | $777M |
| Other operating expenses | $1.8B | $1.7B | $1.6B | $1.5B | $1.4B | $1.3B | $2.8B | $1.2B | $1.0B | $951M | $895M | $1.2B | $777M | $812M | $1.1B | $702M | $644M | $568M | $520M |
| Operating income | $5.1B | $4.9B | $4.1B | $2.9B | −$766M | −$3.9B | −$4.6B | $2.1B | $1.9B | $1.7B | $1.5B | $875M | $942M | $798M | $403M | $932M | $803M | $489M | $832M |
| Non-operating income | — | −$537M | −$1.2B | −$1.2B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Pretax income | — | $4.4B | $2.9B | $1.7B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Taxes | — | $105M | $64M | $14M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net income | $4.4B | $4.3B | $2.9B | $1.7B | −$2.2B | −$5.3B | −$5.8B | $1.9B | $1.8B | $1.6B | $1.3B | $666M | $764M | $474M | $18M | $607M | $516M | $152M | $574M |
| Diluted EPS | $16.20 | $15.61 | $10.94 | $6.31 | −$8.45 | −$20.89 | −$27.05 | $8.95 | $8.56 | $7.53 | $5.93 | $3.02 | $3.43 | $2.14 | $0.08 | $2.77 | $2.37 | $0.71 | $2.68 |
| Diluted shares | — | 274.0M | 279.0M | 283.0M | 255.0M | 252.0M | 214.3M | 209.9M | 211.6M | 215.7M | 216.3M | 220.7M | 223.0M | 220.9M | 219.5M | 219.2M | 217.7M | 215.3M | — |
| Revenue growth | — | +8.8% | +18.6% | +57.2% | +477.0% | −30.6% | −79.8% | +15.3% | +8.2% | +3.3% | +2.4% | +2.8% | +1.4% | +3.5% | +2.0% | +11.6% | +14.6% | −9.8% | — |
| Gross margin | 49.1% | 49.4% | 47.5% | 44.1% | 25.2% | −78.8% | −25.2% | 44.6% | 44.6% | 44.2% | 41.0% | 38.6% | 34.3% | 33.3% | 32.9% | 34.4% | 34.0% | 30.9% | 32.6% |
| Operating margin | 27.3% | 27.4% | 24.9% | 20.7% | −8.7% | −252.6% | −208.3% | 19.0% | 20.0% | 19.9% | 17.4% | 10.5% | 11.7% | 10.0% | 5.2% | 12.4% | 11.9% | 8.3% | 12.7% |
| Net margin | 23.5% | 23.8% | 17.5% | 12.2% | −24.4% | −343.3% | −262.5% | 17.2% | 19.1% | 18.5% | 15.1% | 8.0% | 9.5% | 6.0% | 0.2% | 8.1% | 7.6% | 2.6% | 8.8% |