Pricing Log in Create free account
Saturday 17 October 2026 Export RCL’s income statement to Excel — free account

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.

277.68 2.33 −0.83%
Market cap
$74.9B
P/E
17.1×
Fwd P/E
16.3×
Dividend yield
1.98%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Royal Caribbean Cruises Ltd. (RCL) Net margin

Alert me on Net margin

Royal Caribbean Cruises Ltd.'s net margin over the twelve months to 30 June 2026 was 23.5%, down 0.3 percentage points from fiscal 2025 (23.8%). Over the past ten years it has ranged from −343.3% (fiscal 2021) to 23.8% (fiscal 2025) — the current reading is the highest in ten years. That is above the Travel Services industry median of 7.49% and above the Consumer Cyclical sector median of 1.67%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 23.8% 6.35
FY2024 17.5% 5.24
FY2023 12.2% 36.60
FY2022 −24.4% 318.95
FY2021 −343.3% (80.87)
FY2020 −262.5% (279.63)
FY2019 17.2% (1.92)
FY2018 19.1% 0.57
FY2017 18.5% 3.40
FY2016 15.1% 7.09

Quarterly newest first

Period Net margin Change (points)
Jun 2026 23.3% 2.20
Mar 2026 21.1% 3.46
Dec 2025 17.7% (12.97)
Sep 2025 30.7% 3.99
42 more quarters

Against its own ten years

Low −343.3% High 23.8%
Ten-year median 15.1%
Current reading's percentile 95

Net margin against peers

Company Net margin
TCOM Trip.com Group Limited Sponsored ADR compare 36.4%
BKNG Booking Holdings Inc. compare 25.5%
RCL Royal Caribbean Cruises Ltd. 23.5%
ABNB Airbnb, Inc. compare 20.5%
VIK Viking Holdings Ltd. compare 19.3%
EXPE Expedia Group, Inc. compare 13.0%
CCL Carnival Corporation compare 11.4%
NCLH Norwegian Cruise Line Holdings Ltd. compare 7.49%
MMYT MakeMyTrip Limited compare 3.23%
Travel Services industry median 7.49%
Consumer Cyclical sector median 1.67%
Market median 0.45%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on RCL