RCL
$277.68-0.83%
as of close, Oct 16, 2026
☾ AH $277.68 -0.83%
Royal Caribbean Cruises Ltd.Stock · Consumer DiscretionaryS&P 500 Equal Weight 0.2%S&P 500 0.1%Russell 1000 0.1%Russell 3000 0.1%US Stock Market 0.1%MSCI World 0.08%MSCI ACWI 0.08%
RCL financial statements
The full income statement, balance sheet, and cash-flow statement for Royal Caribbean Cruises Ltd. (RCL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 257.4M2024-09 268.9M2024-12 269.1M2025-03 271.6M2025-06 271.6M2025-09 272.7M2025-12 270.5M2026-03 268.2M2026-06 267.5M+3.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 17.9B+8.8% | 16.5B+18.6% | 13.9B+57.2% | 8.84B+477.0% | 1.53B-30.6% | |
| Cost of revenue | 9.08B+5.0% | 8.65B+11.3% | 7.78B+17.5% | 6.62B+141.5% | 2.74B-0.9% | |
| Selling, general & administrative | 2.22B+4.6% | 2.13B+18.6% | 1.79B+13.2% | 1.58B+15.5% | 1.37B+14.2% | |
| Operating income | 4.91B+19.6% | 4.11B+42.7% | 2.88B+475.7% | -766M+80.2% | -3.87B+15.9% | |
| Interest expense | 992M-37.6% | 1.59B+13.4% | 1.40B+2.8% | 1.36B+5.6% | 1.29B+53.0% | |
| Net interest income | — | — | — | — | -1.27B-54.9% | |
| Other non-operating income | 17.0M-88.6% | 149M+7550.0% | -2.00M+98.3% | -119M-695.0% | 20.0M+114.6% | |
| Equity-method income | 414M+59.2% | 260M+30.0% | 200M+250.9% | 57.0M+142.2% | -135M+36.7% | |
| Pre-tax income | 4.37B+48.7% | 2.94B+71.9% | 1.71B | — | — | |
| Income tax | 82.0M+78.3% | 46.0M+666.7% | 6.00M+50.0% | 4.00M+108.9% | -45.0M | |
| 4.27B+48.3% | 2.88B+69.5% | 1.70B+178.7% | -2.16B+59.0% | -5.26B+9.3% | ||
| Net income to non-controlling interest | 23.0M+27.8% | 18.0M+157.1% | 7.00M | 0.00 | 0.00-100.0% | |
| Net income to common | 4.27B+48.3% | 2.88B+69.5% | 1.70B+178.7% | -2.16B+59.0% | -5.26B+9.3% | |
| $15.61+42.7% | $10.94+73.4% | $6.31+174.7% | -$8.45+59.6% | -$20.89+22.8% | ||
| EPS (basic) | $15.75+43.2% | $11.00+65.9% | $6.63+178.5% | -$8.45+59.6% | -$20.89+22.8% | |
| Weighted-avg shares (basic) | 271M+3.8% | 261M+2.0% | 256M+0.4% | 255M+1.2% | 252M+17.6% | |
| Weighted-avg shares (diluted) | 274M-1.8% | 279M-1.4% | 283M+11.0% | 255M+1.2% | 252M+17.6% | |
| Dividends per share | $3.50+268.4% | $0.95 | $0.00 | $0.00 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.21B+29.7% | 1.71B-4.9% | 1.79B-44.1% | 3.21B-11.0% | 3.60B-16.5% | ||
| Cash & equivalents | 825M+112.6% | 388M-21.9% | 497M-74.3% | 1.94B-28.4% | 2.70B-26.7% | |
| Accounts receivable | 317M-14.6% | 371M-8.4% | 405M-23.7% | 531M+30.1% | 408M+43.6% | |
| Inventory | 264M-0.4% | 265M+6.9% | 248M+10.7% | 224M+49.1% | 150M+26.6% | |
| Prepaid expenses | 690M+3.0% | 670M+8.6% | 617M+35.3% | 456M+59.4% | 286M+85.3% | |
| 41.6B+12.3% | 37.1B+5.5% | 35.1B+4.0% | 33.8B+4.7% | 32.3B-0.6% | ||
| Property, plant & equipment | 35.7B+12.1% | 31.8B+5.7% | 30.1B+9.3% | 27.5B+6.3% | 25.9B+2.6% | |
| Operating lease right-of-use | 620M-8.4% | 677M+10.8% | 611M+13.6% | 538M-0.8% | 542M-9.6% | |
| Goodwill | 808M+0.0% | 808M-0.1% | 809M+0.0% | 809M-0.0% | 809M-0.0% | |
| Intangible assets | 390M-3.5% | 404M-3.3% | 418M-1.9% | 426M-2.0% | 435M-2.3% | |
| Other non-current assets | 2.28B+11.5% | 2.05B+13.5% | 1.80B+7.6% | 1.68B+20.0% | 1.40B-6.6% | |
| 12.1B+22.8% | 9.82B+4.4% | 9.40B+9.7% | 8.57B+17.7% | 7.29B+60.6% | ||
| Accounts payable | 953M+3.7% | 919M+16.0% | 792M+22.4% | 647M+18.5% | 546M+54.5% | |
| Accrued liabilities | 2.03B+23.9% | 1.64B+10.6% | 1.48B+1.3% | 1.46B+64.4% | 888M+44.1% | |
| Deferred revenue | 5.74B+4.4% | 5.50B+3.5% | 5.31B+27.4% | 4.17B+31.9% | 3.16B+77.1% | |
| Short-term & current debt | 3.18B+98.4% | 1.60B-6.8% | 1.72B-17.6% | 2.09B-6.9% | 2.24B+63.6% | |
| Current lease liability | 90.0M+21.6% | 74.0M+13.8% | 65.0M-18.8% | 80.0M+16.1% | 68.9M-32.9% | |
| Finance lease liability (current) | 4.00M-42.9% | 7.00M-73.1% | 26.0M-23.5% | 34.0M-33.9% | 51.5M-0.7% | |
| 31.4B+7.0% | 29.3B-3.0% | 30.2B-2.2% | 30.9B+13.7% | 27.2B+14.6% | ||
| Long-term debt | 18.2B-1.7% | 18.5B-6.4% | 19.7B-7.4% | 21.3B+13.0% | 18.8B+5.0% | |
| Non-current lease liability | 600M-10.4% | 670M+9.3% | 613M+17.2% | 523M-2.2% | 535M-5.2% | |
| Operating lease liability (total) | 690M-7.3% | 744M+9.7% | 678M+12.4% | 603M-0.1% | 604M-9.4% | |
| Finance lease liability (total) | 159M+35.9% | 117M-68.3% | 369M+5.1% | 351M-25.7% | 472M+121.3% | |
| Finance lease liability | 155M+40.9% | 110M-67.9% | 343M+8.2% | 317M-24.7% | 421M+160.5% | |
| Other non-current liabilities | 554M+47.7% | 375M-22.8% | 486M-4.3% | 508M+0.6% | 505M-21.7% | |
| 10.0B+32.7% | 7.56B+60.1% | 4.72B+64.7% | 2.87B-43.6% | 5.09B-42.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 3.00M+0.0% | 3.00M+0.0% | 3.00M+0.0% | 3.00M+6.1% | 2.83M+6.6% | |
| Additional paid-in capital | 7.96B+1.7% | 7.83B+4.8% | 7.47B+2.6% | 7.29B-3.6% | 7.56B+26.0% | |
| Retained earnings | 5.92B+126.8% | 2.61B+26220.0% | -10.0M+99.4% | -1.71B-664.7% | 302M-94.6% | |
| Treasury stock | 3.25B+56.2% | 2.08B+0.6% | 2.07B+0.0% | 2.07B+0.1% | 2.07B+0.1% | |
| Accumulated other comprehensive income | -604M+24.7% | -802M-19.0% | -674M-4.7% | -644M+9.4% | -711M+3.8% | |
| Non-controlling interest | 208M+20.9% | 172M-1.7% | 175M | 0.00 | — | |
| Total equity incl. non-controlling | 10.2B+32.4% | 7.74B+57.9% | 4.90B+70.8% | 2.87B-43.6% | 5.09B-41.9% | |
| Total liabilities & equity | 41.6B+12.3% | 37.1B+5.5% | 35.1B+4.0% | 33.8B+4.7% | 32.3B-0.6% | |
| Common shares issued | 303M+1.9% | 297M+4.5% | 285M+0.5% | 283M+0.2% | 283M+6.6% | |
| Shares outstanding (cover) | 271M+0.5% | 269M+4.9% | 257M+0.5% | 255M+0.1% | 255M+7.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.46B+22.8% | 5.26B+17.6% | 4.48B+830.8% | 481M+125.6% | -1.88B+49.7% | ||
| Depreciation & amortization | 1.72B+7.4% | 1.60B+10.0% | 1.46B+3.4% | 1.41B+8.8% | 1.29B+1.1% | |
| Share-based compensation | 175M-34.5% | 267M+111.9% | 126M+250.0% | 36.0M-43.8% | 64.0M+60.9% | |
| Deferred income taxes | 18.0M | — | — | — | — | |
| Change in inventory | 0.00-100.0% | 17.0M-29.2% | 24.0M-67.6% | 74.0M+111.4% | 35.0M+229.3% | |
| Change in payables | 27.0M-77.5% | 120M-3.2% | 124M+65.3% | 75.0M-60.3% | 189M+241.2% | |
| -5.01B-45.4% | -3.45B+12.2% | -3.92B-31.3% | -2.99B-39.3% | -2.15B+1.5% | ||
| Capital expenditure | 5.23B+60.0% | 3.27B-16.1% | 3.90B+43.8% | 2.71B+21.5% | 2.23B+13.5% | |
| Free cash flow | 1.24B-38.1% | 2.00B+244.3% | 580M+126.0% | -2.23B+45.7% | -4.11B+27.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | 13.0M | 0.00-100.0% | 176M+533.2% | |
| Other investing activities | -21.0M-261.5% | 13.0M+181.3% | -16.0M-128.6% | -7.00M-131.8% | 22.0M+35.4% | |
| -1.02B+47.0% | -1.92B+3.6% | -1.99B-214.5% | 1.74B-42.7% | 3.04B-67.5% | ||
| Long-term debt issued | 4.67B-54.7% | 10.3B+35.0% | 7.64B-21.9% | 9.79B+119.0% | 4.47B-67.0% | |
| Long-term debt repaid | 3.53B-69.7% | 11.7B+21.8% | 9.57B+23.8% | 7.73B+236.5% | 2.30B-40.3% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.16B | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 824M+670.1% | 107M | 0.00 | 0.00 | 0.00-100.0% | |
| Other financing activities | -52.0M+8.8% | -57.0M-1800.0% | -3.00M+81.3% | -16.0M | 0.00+100.0% | |
| FX effect on cash | 2.00M+133.3% | -6.00M-700.0% | 1.00M+150.0% | -2.00M-175.1% | -727K-162.3% | |
| Net change in cash | 437M+500.9% | -109M+92.4% | -1.44B-87.5% | -767M+21.9% | -982M-128.5% | |
| Interest paid | 864M-28.6% | 1.21B-16.1% | 1.44B+50.2% | 960M+15.1% | 834M+99.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 75.5B+21.5% | 62.1B+87.1% | 33.2B+163.0% | 12.6B-35.7% | 19.6B+16.9% | |
| P/E | 17.7×-18.1% | 21.6×-40.2% | 36.1× | — | — | |
| P/S | 4.2×+11.7% | 3.8×+49.5% | 2.5×+44.2% | 1.7×-86.3% | 12.8×+68.5% | |
| P/B | 7.5×-8.4% | 8.2×+9.4% | 7.5×+90.6% | 3.9×+2.1% | 3.9×+101.3% | |
| P/FCF | 61.0×+96.4% | 31.1×+128.7% | 13.6× | — | — | |
| Earnings yield | 5.7%+22.1% | 4.6%+67.2% | 2.8% | — | — | |
| FCF yield | 1.6%-49.1% | 3.2%-56.3% | 7.4% | — | — | |
| Dividend yield | 1.3%+204.7% | 0.41% | 0.00% | 0.00% | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: RCL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all RCL filings on SEC EDGAR → Not investment advice.