Royal Caribbean Cruises Ltd. financials
Key figures from Royal Caribbean Cruises Ltd.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.
Latest quarter vs a year earlier
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | $5.6B | $5.1B | +8.8% |
| Net income | $1.7B | $1.6B | +9.7% |
| Free cash flow | $937M | -$989M | +194.7% |
| Gross margin | 51.5% | 51.8% | -0.2 pts |
| Operating margin | 33.5% | 33.1% | +0.3 pts |
| Net margin | 30.9% | 30.6% | +0.3 pts |
Quarterly trend
Fiscal years
| Fiscal year | Revenue | Net income | Net margin | Free cash flow | EPS (diluted) |
|---|---|---|---|---|---|
| FY Dec 2025 | $17.9B | $4.3B | 23.8% | $1.2B | $15.61 |
| FY Dec 2024 | $16.5B | $2.9B | 17.5% | $2.0B | $10.94 |
| FY Dec 2023 | $13.9B | $1.7B | 12.2% | $580M | $6.31 |
| FY Dec 2022 | $8.8B | -$2.2B | -24.4% | -$2.2B | -$8.45 |
| FY Dec 2021 | $1.5B | -$5.3B | -343.4% | -$4.1B | -$20.89 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.