Royal Caribbean Cruises Financial Statements
NYSE: RCLConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Royal Caribbean Cruises revenue and earnings
In fiscal 2025, Royal Caribbean Cruises generated $17.93 billion in revenue, up 8.8% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $4.27 billion (+48.3% year over year), for a net margin of 23.8% versus a median of -24.4% in the prior 5 years. Gross margin was 49.4% (up from 47.5%) and operating margin 27.4%.
Diluted earnings per share came in at $15.61, up from $10.94. Over the last 5 fiscal years, RCL's revenue has grown at a 52.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Royal Caribbean Cruises income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.93B | 16.48B | 13.90B | 8.84B | 1.53B | 2.21B | 10.95B | 9.49B | 8.78B | 8.50B |
| Revenue growth (YoY) | +8.80% | +18.59% | +57.24% | +477.02% | -30.64% | -79.83% | +15.34% | +8.16% | +3.31% | +2.38% |
| Cost of Revenue | 9.08B | 8.65B | 7.78B | 6.62B | 2.74B | 2.77B | 6.06B | 5.26B | 4.90B | 5.02B |
| Gross Profit | 8.85B | 7.83B | 6.13B | 2.22B | -1.21B | -556.30M | 4.89B | 4.23B | 3.88B | 3.48B |
| Operating Expenses | 3.94B | 3.73B | 3.25B | 2.99B | 2.66B | 4.05B | 2.81B | 2.34B | 2.14B | 2.00B |
| Selling, General & Admin | 2.22B | 2.13B | 1.79B | 1.58B | 1.37B | 1.20B | 1.56B | 1.30B | 1.19B | 1.11B |
| Operating Income | 4.91B | 4.11B | 2.88B | -766.00M | -3.87B | -4.60B | 2.08B | 1.89B | 1.74B | 1.48B |
| Interest Expense | 992.00M | 1.59B | 1.40B | 1.36B | 1.29B | 844.24M | 408.51M | 333.67M | 299.98M | 307.37M |
| Other Income (Expense) | 17.00M | -1.21B | -1.17B | -1.39B | -1.39B | -1.17B | -175.10M | -79.01M | -118.92M | -193.82M |
| Pretax Income | 4.37B | 2.94B | 1.71B | — | — | — | — | — | — | — |
| Income Tax | 82.00M | 46.00M | 6.00M | 4.00M | -45.00M | — | — | — | — | — |
| Net Income | 4.27B | 2.88B | 1.70B | -2.16B | -5.26B | -5.80B | 1.88B | 1.81B | 1.63B | 1.28B |
| Net Income growth (YoY) | +48.35% | +69.53% | — | — | — | -408.56% | +3.75% | +11.44% | +26.63% | +92.76% |
| EPS (Basic) | 15.75 | 11.00 | 6.63 | -8.45 | -20.89 | -27.05 | 8.97 | 8.60 | 7.57 | 5.96 |
| EPS (Diluted) | 15.61 | 10.94 | 6.31 | -8.45 | -20.89 | -27.05 | 8.95 | 8.56 | 7.53 | 5.93 |
| Shares Outstanding (Basic) | 271.00M | 261.00M | 256.00M | 255.00M | 252.00M | 214.34M | 209.41M | 210.57M | 214.62M | 215.39M |
| Shares Outstanding (Diluted) | 274.00M | 279.00M | 283.00M | 255.00M | 252.00M | 214.34M | 209.93M | 211.55M | 215.69M | 216.32M |
| EBITDA | 6.63B | 5.71B | 4.33B | 641.00M | -2.58B | -3.32B | 3.33B | 2.93B | 2.70B | 2.37B |
| Gross Margin | 49.36% | 47.51% | 44.06% | 25.16% | -78.79% | -25.19% | 44.64% | 44.57% | 44.22% | 40.97% |
| Operating Margin | 27.38% | 24.91% | 20.71% | -8.67% | -252.61% | -208.33% | 19.02% | 19.96% | 19.87% | 17.39% |
| Net Margin | 23.80% | 17.45% | 12.21% | -24.39% | -343.34% | -262.47% | 17.16% | 19.08% | 18.51% | 15.11% |
This table shows 10 annual periods of Royal Caribbean Cruises's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow RCL's reporting calendar. What is a income statement?