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.
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Royal Caribbean Cruises Ltd. (RCL) Revenue growth
Royal Caribbean Cruises Ltd.'s revenue growth over the twelve months to 30 June 2026 was 8.72%, down 0.1 percentage points from fiscal 2025 (8.80%). Over the past ten years it has ranged from −79.8% (fiscal 2020) to 477.0% (fiscal 2022); the current reading is higher than 64% of that period. That is below the Travel Services industry median of 12.9% and above the Consumer Cyclical sector median of 4.55%.
Revenue growth, annual
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Annual newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| FY2025 | 8.80% | (9.79) |
| FY2024 | 18.6% | (38.65) |
| FY2023 | 57.2% | (419.78) |
| FY2022 | 477.0% | 507.66 |
| FY2021 | −30.6% | 49.19 |
| FY2020 | −79.8% | (95.17) |
| FY2019 | 15.3% | 7.18 |
| FY2018 | 8.16% | 4.85 |
| FY2017 | 3.31% | 0.93 |
| FY2016 | 2.38% | (0.41) |
Quarterly newest first
| Period | Revenue growth | Change (points) |
|---|---|---|
| Jun 2026 | 6.48% | (4.85) |
| Mar 2026 | 11.3% | (1.94) |
| Dec 2025 | 13.3% | 8.09 |
| Sep 2025 | 5.18% | (5.23) |
| 42 more quarters | Free account |
Against its own ten years
Revenue growth against peers
| Company | Revenue growth |
|---|---|
| TCOM Trip.com Group Limited Sponsored ADR compare | 22.0% |
| VIK Viking Holdings Ltd. compare | 20.0% |
| ABNB Airbnb, Inc. compare | 13.6% |
| BKNG Booking Holdings Inc. compare | 12.9% |
| EXPE Expedia Group, Inc. compare | 12.0% |
| RCL Royal Caribbean Cruises Ltd. | 8.72% |
| MMYT MakeMyTrip Limited compare | 6.86% |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | 6.21% |
| CCL Carnival Corporation compare | 5.20% |
| Travel Services industry median | 12.9% |
| Consumer Cyclical sector median | 4.55% |
| Market median | 7.41% |
What Revenue growth is
Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.
(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|
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- Revenue
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- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
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