Royal Caribbean Cruises Ltd.
RCL Consumer Cyclical Travel Services
Royal Caribbean Cruises Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $17.9 billion, up 8.80% from fiscal 2024.
- Revenue
- +6.48%
- EPS
- −5.39%
- Free cash flow
- −196.4%
- Total debt
- +20.1%
Quarter to June 2026, against a year earlier
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Royal Caribbean Cruises Ltd. 10-K filed Feb 11, 2026
What changed
Item 1, Business, against the 10-K filed Feb 14, 2025: 14 added · 9 removed · 85 modified; 17 with only figures updated
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Modified · General
We are
one of the leading cruise companies in the world. We owna vacation industry leader, owning andoperateoperating three global cruise vacation brands: Royal Caribbean, Celebrity Cruises and SilverseaCruises(collectively, our "Global Brands"). We also own a 50% joint venture interest in TUI Cruises GmbH ("TUIC"), which operates the German brands TUI Cruises and Hapag-Lloyd Cruises (collectively, our "Partner Brands"). We account for our investments in our Partner Brands under the equity method of accounting. Together, our Global Brands and our Partner Brands have a combined fleet of6869 ships in the cruise vacation industry with an aggregate capacity of approximately166,900179,720 berths as of December 31,20242025. Our ships offer a selection of worldwide itineraries that call on more than 1,000 destinations on all seven continents. We also own a growing portfolio of private land-based destinations, including our Perfect Day and Royal Beach Club collections.