stockrowRoyal 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
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Royal Caribbean Cruises Ltd. (RCL) Total debt
Royal Caribbean Cruises Ltd.'s total debt at the end of fiscal 2025 was $21.3B, up 6.32% from $20.1B in fiscal 2024. At the end of the quarter to 30 September 2026 it was $22.4B. Over the past ten years it has ranged from $7.5B (fiscal 2017) to $23.4B (fiscal 2022); the current reading is higher than 82% of that period. Royal Caribbean Cruises Ltd. ranks 2nd of 16 Travel Services companies by total debt.
Total debt, annual
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Annual newest first
| Period | Total debt | Change |
|---|---|---|
| FY2025 | $21.3B | 6.32% |
| FY2024 | $20.1B | (6.41%) |
| FY2023 | $21.5B | (8.29%) |
| FY2022 | $23.4B | 10.91% |
| FY2021 | $21.1B | 9.11% |
| FY2020 | $19.3B | 75.16% |
| FY2019 | $11.0B | 2.39% |
| FY2018 | $10.8B | 42.95% |
| FY2017 | $7.5B | (19.69%) |
| FY2016 | $9.4B | 10.09% |
Quarterly newest first
| Period | Total debt | Change |
|---|---|---|
| Sep 2026 | $22.4B | (2.11%) |
| Jun 2026 | $22.8B | 8.16% |
| Mar 2026 | $21.1B | (1.08%) |
| Dec 2025 | $21.3B | 5.27% |
| 43 more quarters | Free account |
Against its own ten years
Total debt against peers
| Company | Total debt |
|---|---|
| CCL Carnival Corporation compare | $23.9B |
| RCL Royal Caribbean Cruises Ltd. | $22.4B |
| BKNG Booking Holdings Inc. compare | $20.1B |
| NCLH Norwegian Cruise Line Holdings Ltd. compare | $15.1B |
| VIK Viking Holdings Ltd. compare | $6.2B |
| EXPE Expedia Group, Inc. compare | $5.5B |
| TCOM Trip.com Group Limited Sponsored ADR compare | $3.9B |
| ABNB Airbnb, Inc. compare | $2.4B |
| MMYT MakeMyTrip Limited compare | $1.5B |
What Total debt is
Total Debt tells an investor how much a company has borrowed in all, whether the money is due within a year or later.
Long Term Debt (Total) + Current Part of Debt
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