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
+8.80%
EPS
+11.6%
Free cash flow
+194.7%
Total debt
+10.2%

Quarter to September 2026, against a year earlier

326.25 3.52 +1.09%
Market cap
$86.3B
P/E
19.0×
Fwd P/E
17.4×
Dividend yield
1.70%
F-score
7/9
Altman Z
2.18
Beneish M
−2.86
Dividend safety
57/100

Royal Caribbean Cruises Ltd. (RCL) Revenue growth

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Royal Caribbean Cruises Ltd.'s revenue growth over the twelve months to 30 September 2026 was 9.74%, up 0.9 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 11.3% and above the Consumer Cyclical sector median of 4.18%.

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)
Sep 2026 8.80% 2.32
Jun 2026 6.48% (4.85)
Mar 2026 11.3% (1.94)
Dec 2025 13.3% 8.09
43 more quarters

Against its own ten years

Low −79.8% High 477.0%
Ten-year median 8.16%
Current reading's percentile 64

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 16.7%
EXPE Expedia Group, Inc. compare 12.9%
RCL Royal Caribbean Cruises Ltd. 9.74%
BKNG Booking Holdings Inc. compare 8.01%
MMYT MakeMyTrip Limited compare 5.49%
CCL Carnival Corporation compare 5.20%
NCLH Norwegian Cruise Line Holdings Ltd. compare 4.85%
Travel Services industry median 11.3%
Consumer Cyclical sector median 4.18%
Market median 7.58%

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|

The full definition of Revenue growth →

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