RCL
Royal Caribbean Cruises Ltd
NYSE: RCL · CONSUMER CYCLICAL · TRAVEL SERVICES
$254.01
-0.73% today
Updated 2026-04-29
Market cap
$71.35B
P/E ratio
16.89
P/S ratio
3.98x
EPS (TTM)
$15.62
Dividend yield
1.38%
52W range
$220 – $362
Volume
2.6M
Royal Caribbean Cruises Ltd (RCL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.23B | $6.15B | $6.53B | $5.89B | $6.75B | $7.54B | $7.69B | $7.96B | $8.07B | $8.30B | $8.50B | $8.78B | $9.49B | $10.95B | $2.21B | $1.53B | $8.84B | $13.90B | $16.48B | $17.93B |
| Revenue growth (YoY) | — | +17.6% | +6.2% | -9.8% | +14.6% | +11.6% | +2.0% | +3.5% | +1.4% | +2.8% | +2.4% | +3.3% | +8.2% | +15.3% | -79.8% | -30.6% | +477.0% | +57.2% | +18.6% | +8.8% |
| Cost of revenue | $3.25B | $3.98B | $4.40B | $4.07B | $4.46B | $4.94B | $5.16B | $5.31B | $5.31B | $5.10B | $5.02B | $4.90B | $5.26B | $6.06B | $2.77B | $2.74B | $6.62B | $7.78B | $8.65B | $9.54B |
| Gross profit | $1.98B | $2.17B | $2.13B | $1.82B | $2.29B | $2.59B | $2.53B | $2.65B | $2.77B | $3.20B | $3.48B | $3.88B | $4.23B | $4.89B | $-556.30M | $-1.21B | $2.22B | $6.13B | $7.83B | $8.40B |
| Gross margin | 37.9% | 35.2% | 32.6% | 30.9% | 34.0% | 34.4% | 32.9% | 33.3% | 34.3% | 38.6% | 41.0% | 44.2% | 44.6% | 44.6% | -25.2% | -78.8% | 25.2% | 44.1% | 47.5% | 46.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.62B | $1.91B | $776.52M | $762.00M | $848.08M | $960.60M | $1.01B | $1.04B | $1.05B | $1.09B | $1.10B | $1.19B | $1.30B | $1.09B | $992.42M | $977.98M | $1.07B | $1.48B | $2.13B | $2.21B |
| Operating income | $858.45M | $901.34M | $831.98M | $488.51M | $802.63M | $931.63M | $403.11M | $798.15M | $941.86M | $874.90M | $1.48B | $1.74B | $1.89B | $2.08B | $-4.60B | $-3.87B | $-766.00M | $2.88B | $4.11B | $4.91B |
| Operating margin | 16.4% | 14.7% | 12.7% | 8.3% | 11.9% | 12.4% | 5.2% | 10.0% | 11.7% | 10.5% | 17.4% | 19.9% | 20.0% | 19.0% | -208.3% | -252.6% | -8.7% | 20.7% | 24.9% | 27.4% |
| EBITDA | $1.28B | $1.38B | $1.35B | $1.06B | $1.53B | $1.69B | $1.10B | $1.56B | $1.79B | $1.77B | $2.49B | $2.88B | $3.18B | $3.56B | $-3.65B | $-2.67B | $615.00M | $4.56B | $6.09B | $6.91B |
| EBITDA margin | 24.5% | 22.5% | 20.7% | 17.9% | 22.7% | 22.5% | 14.4% | 19.6% | 22.2% | 21.3% | 29.3% | 32.8% | 33.5% | 32.5% | -165.3% | -174.6% | 7.0% | 32.8% | 36.9% | 38.5% |
| EBIT | $858.45M | $901.34M | $831.98M | $488.51M | $886.86M | $989.84M | $374.07M | $806.11M | $1.02B | $943.51M | $1.59B | $1.93B | $2.15B | $2.32B | $-4.93B | $-3.97B | $-792.00M | $3.11B | $4.49B | $5.30B |
| Interest expense | $267.86M | $333.78M | $327.31M | $300.01M | $371.21M | $382.42M | $355.79M | $332.42M | $258.30M | $277.73M | $307.37M | $299.98M | $333.67M | $408.51M | $844.24M | $1.29B | $1.36B | $1.40B | $1.59B | $992.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% |
| Net income | $633.92M | $603.40M | $573.72M | $162.42M | $515.65M | $607.42M | $18.29M | $473.69M | $764.15M | $665.78M | $1.28B | $1.63B | $1.81B | $1.88B | $-5.80B | $-5.26B | $-2.16B | $1.70B | $2.88B | $4.27B |
| Net income growth (YoY) | — | -4.8% | -4.9% | -71.7% | +217.5% | +17.8% | -97.0% | +2490.3% | +61.3% | -12.9% | +92.8% | +26.6% | +11.4% | +3.7% | -408.6% | +9.3% | +59.0% | +178.7% | +69.5% | +48.5% |
| Profit margin | 12.1% | 9.8% | 8.8% | 2.8% | 7.6% | 8.1% | 0.2% | 6.0% | 9.5% | 8.0% | 15.1% | 18.5% | 19.1% | 17.2% | -262.5% | -343.3% | -24.4% | 12.2% | 17.5% | 23.8% |