Royal Caribbean Cruises Ltd. (RCL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.45B | 4.26B | 5.14B | 4.54B | 4B | 3.76B | 4.89B | 4.11B | 3.73B | 3.33B | 4.16B | 3.52B | 2.89B | 2.6B | 2.99B | 2.18B | 1.06B | 982.25M | 456.96M | 50.91M |
| Revenue Growth % | 11.33% | 13.24% | 5.18% | 10.41% | 7.27% | 12.89% | 17.45% | 16.66% | 29.18% | 27.94% | 38.99% | 61.29% | 172.46% | 165.11% | 555% | 4190.06% | 2421.14% | 2777.28% | 1456.44% | -71.01% |
| Cost of Goods Sold | 2.25B | 2.69B | 2.48B | 2.28B | 2.08B | 2.05B | 2.39B | 2.15B | 2.06B | 1.89B | 2.14B | 1.96B | 1.79B | 1.78B | 1.97B | 1.68B | 1.18B | 1.14B | 813.69M | 424.83M |
| COGS % of Revenue | 50.47% | 63.28% | 48.24% | 50.31% | 51.96% | 54.56% | 48.94% | 52.36% | 55.15% | 56.74% | 51.37% | 55.49% | 62.13% | 68.45% | 65.7% | 76.91% | 111.87% | 115.6% | 178.07% | 834.41% |
| Gross Profit | 2.21B | 1.56B | 2.66B | 2.25B | 1.92B | 1.71B | 2.5B | 1.96B | 1.67B | 1.44B | 2.02B | 1.57B | 1.09B | 821.55M | 1.03B | 504.32M | -125.71M | -153.26M | -356.73M | -373.92M |
| Gross Margin % | 49.53% | 36.72% | 51.76% | 49.69% | 48.04% | 45.44% | 51.06% | 47.64% | 44.85% | 43.26% | 48.63% | 44.51% | 37.87% | 31.55% | 34.3% | 23.09% | -11.87% | -15.6% | -78.07% | -734.41% |
| Gross Profit Growth % | 14.78% | -8.48% | 6.61% | 15.17% | 14.89% | 18.59% | 23.33% | 24.87% | 52.97% | 75.41% | 97.05% | 210.91% | 969.45% | 636.06% | 387.79% | 234.88% | 47.94% | 33.69% | -4.22% | 25.93% |
| Operating Expenses | 1.04B | 631M | 958M | 926M | 976M | 1.08B | 861M | 859M | 922M | 871.36M | 758M | 797M | 821M | 806.1M | 728.2M | 722.97M | 733.5M | 878.49M | 649.09M | 649.62M |
| OpEx % of Revenue | 23.43% | 14.82% | 18.64% | 20.41% | 24.41% | 28.85% | 17.62% | 20.9% | 24.73% | 26.16% | 18.22% | 22.62% | 28.45% | 30.96% | 24.33% | 33.1% | 69.25% | 89.44% | 142.05% | 1275.91% |
| Selling, General & Admin | 582M | 630M | 522M | 508M | 562M | 673M | 451M | 466M | 535M | 503.28M | 393M | 435M | 461M | 444.36M | 373.12M | 371.43M | 394.03M | 503.06M | 323.42M | 285.56M |
| SG&A % of Revenue | 13.07% | 14.79% | 10.16% | 11.19% | 14.05% | 17.89% | 9.23% | 11.34% | 14.35% | 15.11% | 9.45% | 12.35% | 15.97% | 17.06% | 12.47% | 17% | 37.2% | 51.21% | 70.78% | 560.86% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.16B | 933M | 1.7B | 1.33B | 945M | 624M | 1.63B | 1.1B | 750M | 569.7M | 1.26B | 771M | 272M | 15.45M | 298.43M | -218.64M | -859.21M | -1.03B | -1.01B | -1.02B |
| Operating Margin % | 26.1% | 21.91% | 33.12% | 29.29% | 23.63% | 16.59% | 33.44% | 26.74% | 20.12% | 17.1% | 30.41% | 21.88% | 9.42% | 0.59% | 9.97% | -10.01% | -81.12% | -105.04% | -220.11% | -2010.32% |
| Operating Income Growth % | 22.96% | 49.52% | 4.16% | 20.93% | 26% | 9.53% | 29.17% | 42.54% | 175.74% | 3587.15% | 323.89% | 452.63% | 131.66% | 101.5% | 129.67% | 78.64% | -6.18% | -1.49% | -0.97% | 20.19% |
| EBITDA | 1.62B | 1.28B | 2.14B | 1.75B | 1.36B | 1.03B | 2.04B | 1.49B | 1.14B | 937.78M | 1.63B | 1.13B | 632M | 376.05M | 653.51M | 132.9M | -519.74M | -698.38M | -679.92M | -700.1M |
| EBITDA Margin % | 36.46% | 30.1% | 41.58% | 38.48% | 33.93% | 27.49% | 41.83% | 36.3% | 30.5% | 28.15% | 39.21% | 32.13% | 21.9% | 14.44% | 21.83% | 6.08% | -49.07% | -71.1% | -148.79% | -1375.05% |
| EBITDA Growth % | 19.6% | 23.98% | 4.55% | 17.02% | 19.35% | 10.26% | 25.32% | 31.8% | 79.91% | 149.38% | 149.58% | 751.78% | 221.6% | 153.85% | 196.12% | 118.98% | -4.14% | 0.02% | -0.14% | 27.28% |
| D&A (Non-Cash Add-back) | 461M | 349M | 435M | 417M | 412M | 410M | 410M | 393M | 387M | 368.08M | 366M | 361M | 360M | 360.6M | 355.08M | 351.54M | 339.47M | 333.37M | 325.91M | 323.44M |
| EBIT | 1.16B | 1.04B | 1.82B | 1.44B | 986M | 826M | 1.72B | 1.16B | 788M | 625.4M | 1.35B | 818M | 312M | -68.6M | 385.15M | -218.88M | -889.48M | -1.07B | -993.89M | -1.04B |
| Net Interest Income | -273M | -260M | -245M | -216M | -247M | -263M | -599M | -294M | -419M | -342.34M | -333M | -345M | -345M | -417.52M | -340.23M | -296.22M | -274.34M | -280.31M | -426.88M | -300.14M |
| Interest Income | 5M | 7M | 3M | 12M | 2M | 3M | 4M | 4M | 5M | 4.14M | 7M | 10M | 15M | 14.09M | 11.95M | 6.49M | 3.32M | 3.46M | 3.79M | 4.67M |
| Interest Expense | 278M | 267M | 248M | 228M | 249M | 266M | 603M | 298M | 424M | 346.48M | 340M | 355M | 360M | 431.61M | 352.19M | 302.71M | 277.66M | 283.77M | 430.66M | 304.81M |
| Other Income/Expense | -186M | -156M | -127M | -114M | -208M | -64M | -519M | -241M | -386M | -290.78M | -254M | -308M | -320M | -515.66M | -265.46M | -302.94M | -307.93M | -325.22M | -418.73M | -323.72M |
| Pretax Income | 976M | 777M | 1.57B | 1.22B | 737M | 560M | 1.11B | 858M | 364M | 278.92M | 1.01B | 463M | -48M | -500.21M | 32.97M | -521.58M | -1.17B | -1.36B | -1.42B | -1.35B |
| Pretax Margin % | 21.92% | 18.24% | 30.65% | 26.77% | 18.43% | 14.89% | 22.82% | 20.88% | 9.76% | 8.37% | 24.3% | 13.14% | -1.66% | -19.21% | 1.1% | -23.88% | -110.19% | -138.15% | -311.75% | -2646.14% |
| Income Tax | 26M | 15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 2.66% | 1.93% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 941M | 754M | 1.58B | 1.21B | 730M | 552M | 1.11B | 854M | 360M | 277.07M | 1.01B | 459M | -48M | -500.21M | 32.97M | -521.58M | -1.17B | -1.36B | -1.42B | -1.35B |
| Net Margin % | 21.14% | 17.7% | 30.73% | 26.66% | 18.25% | 14.68% | 22.74% | 20.78% | 9.66% | 8.32% | 24.25% | 13.03% | -1.66% | -19.21% | 1.1% | -23.88% | -110.19% | -138.15% | -311.75% | -2646.14% |
| Net Income Growth % | 28.9% | 36.59% | 42.12% | 41.69% | 102.78% | 99.23% | 10.11% | 86.06% | 850% | 155.39% | 2960.54% | 188% | 95.89% | 63.14% | 102.31% | 61.29% | -3.13% | 0.73% | -5.78% | 17.81% |
| Net Income (Continuing) | 950M | 762M | 1.57B | 1.22B | 737M | 560M | 1.11B | 858M | 364M | 278.92M | 1.01B | 463M | -48M | -500.21M | 32.97M | -521.58M | -1.17B | -1.36B | -1.42B | -1.35B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 218M | 208M | 196M | 191M | 182M | 172M | 179M | 174M | 174M | 175M | 173.21M | 177.43M | 173.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.48 | 2.76 | 5.74 | 4.41 | 2.70 | 2.00 | 4.21 | 3.11 | 1.35 | 1.06 | 3.65 | 1.70 | -0.19 | -1.96 | 0.13 | -2.05 | -4.58 | -5.33 | -5.59 | -5.29 |
| EPS Growth % | 28.89% | 38% | 36.34% | 41.8% | 100% | 88.68% | 15.34% | 82.94% | 810.53% | 154.08% | 2707.69% | 182.93% | 95.85% | 63.23% | 102.33% | 61.25% | 1.72% | 12.48% | 11.13% | 32.44% |
| EPS (Basic) | 3.49 | 2.78 | 5.79 | 4.45 | 2.71 | 2.02 | 4.22 | 3.32 | 1.40 | 1.09 | 3.94 | 1.79 | -0.19 | -1.96 | 0.13 | -2.05 | -4.58 | -5.33 | -5.59 | -5.29 |
| Diluted Shares Outstanding | 271M | 273M | 274M | 275M | 276M | 277M | 264M | 281M | 281M | 280M | 282M | 282M | 255M | 255.18M | 255.38M | 254.96M | 254.82M | 254.79M | 254.71M | 254.58M |
| Basic Shares Outstanding | 270M | 271M | 272M | 272M | 269M | 269M | 263M | 257M | 257M | 256M | 256M | 256M | 255M | 255.18M | 255.07M | 254.96M | 254.82M | 254.79M | 254.71M | 254.58M |
| Dividend Payout Ratio | 28.69% | 38.2% | 12.92% | 16.53% | 20.27% | 19.38% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |