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. In the quarter to June 2026, revenue grew 6.48%, EPS fell 5.39%, free cash flow fell 196.4% and total debt rose 20.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for five.
Follow RCL
Royal Caribbean Cruises Ltd. (RCL) Net income
Royal Caribbean Cruises Ltd.'s net income for fiscal 2025 was $4.3B, up 48.2% from $2.9B in fiscal 2024. Over the twelve months to 30 June 2026 it was $4.4B. Over the past ten years it has ranged from −$5.8B (fiscal 2020) to $4.3B (fiscal 2025) — the current reading is the highest in ten years. Net income has risen for 5 consecutive fiscal years. Royal Caribbean Cruises Ltd. ranks 3rd of 18 Travel Services companies by net income.
Net income, annual
Embed this chart
Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $4.3B | 48.17% |
| FY2024 | $2.9B | 69.95% |
| FY2023 | $1.7B | — |
| FY2022 | −$2.2B | — |
| FY2021 | −$5.3B | — |
| FY2020 | −$5.8B | — |
| FY2019 | $1.9B | 5.06% |
| FY2018 | $1.8B | 11.73% |
| FY2017 | $1.6B | 26.63% |
| FY2016 | $1.3B | 92.76% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Jun 2026 | $1.1B | 19.58% |
| Mar 2026 | $950.0M | 24.67% |
| Dec 2025 | $762.0M | (51.74%) |
| Sep 2025 | $1.6B | 30.07% |
| 42 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| BKNG Booking Holdings Inc. compare | $7.2B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $4.8B |
| RCL Royal Caribbean Cruises Ltd. | $4.4B |
| CCL Carnival Corporation compare | $3.1B |
| ABNB Airbnb, Inc. compare | $2.7B |
| EXPE Expedia Group, Inc. compare | $2.0B |
| VIK Viking Holdings Ltd. compare | $1.3B |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | $760.8M |
| MMYT MakeMyTrip Limited compare | $35.0M |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
More on RCL
- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement