Royal Caribbean Cruises Quarterly Cash Flow Statement
NYSE: RCLConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
Royal Caribbean Cruises free cash flow
In the quarter ended Jun 30, 2026, Royal Caribbean Cruises generated $1.86 billion of operating cash flow and spent $2.74 billion on capital expenditures. That left free cash flow of -$877.0 million, a free-cash-flow margin of -18.1% of revenue. Free cash flow was down 196.4% from the prior year's $910.0 million.
Royal Caribbean Cruises returned $603.0 million to shareholders: $404.0 million in dividends and $199.0 million in share repurchases.
Summary generated from market data by MetaCap's automated system. Methodology
Royal Caribbean Cruises cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.14B | 950.00M | 762.00M | 1.58B | 1.21B | 736.00M | 559.00M | 1.11B | 858.00M | 364.00M | 279.00M | 1.01B |
| Net Income growth (YoY) | -6.43% | +29.08% | +36.31% | +41.61% | +41.49% | +102.20% | +100.36% | +10.29% | +85.31% | — | — | +2966.61% |
| Depreciation & Amortization | 464.00M | 461.00M | 453.00M | 435.00M | 417.00M | 412.00M | 410.00M | 410.00M | 393.00M | 387.00M | 368.00M | 365.00M |
| Stock-Based Compensation | 30.00M | 38.00M | 39.00M | 44.00M | 39.00M | 53.00M | 158.00M | 26.00M | 38.00M | 45.00M | 47.00M | 13.00M |
| Change in Working Capital | 132.00M | 596.00M | 239.00M | -803.00M | 51.00M | 680.00M | 278.00M | -820.00M | 64.00M | 682.00M | 163.00M | -544.00M |
| Operating Cash Flow | 1.86B | 1.83B | 1.62B | 1.47B | 1.75B | 1.63B | 1.47B | 897.00M | 1.57B | 1.33B | 1.12B | 659.00M |
| Capital Expenditures | -2.74B | -500.00M | -1.51B | -2.46B | -836.00M | -428.00M | -552.00M | -334.00M | -2.14B | -242.00M | -2.57B | -281.00M |
| Investing Cash Flow | -2.67B | -529.00M | -1.48B | -2.39B | -706.00M | -440.00M | -641.00M | -311.00M | -2.20B | -296.00M | -2.57B | -328.00M |
| Dividends Paid | -404.00M | -270.00M | -272.00M | -204.00M | -200.00M | -148.00M | -107.00M | 0 | 0 | 0 | — | — |
| Share Repurchases | -199.00M | -836.00M | -504.00M | -414.00M | 0 | -241.00M | 0 | 0 | 0 | 0 | — | — |
| Debt Issued | 2.91B | 2.81B | 1.51B | 2.43B | 250.00M | 480.00M | 960.00M | 4.66B | 2.52B | 2.18B | 5.83B | 600.00M |
| Debt Repaid | -1.11B | -3.08B | -459.00M | -1.13B | -724.00M | -1.22B | -1.68B | -5.00B | -1.87B | -3.11B | -4.31B | -1.01B |
| Financing Cash Flow | 1.18B | -1.62B | 254.00M | 615.00M | -696.00M | -1.19B | -852.00M | -559.00M | 580.00M | -1.09B | 1.35B | -457.00M |
| Net Change in Cash | 363.00M | -313.00M | 393.00M | -303.00M | 349.00M | -2.00M | -30.00M | 27.00M | -46.00M | -60.00M | -103.00M | -126.00M |
| Free Cash Flow | -877.00M | 1.33B | 116.00M | -989.00M | 910.00M | 1.20B | 915.00M | 563.00M | -567.00M | 1.09B | -1.45B | 378.00M |
This table shows 12 quarterly periods of Royal Caribbean Cruises's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow RCL's reporting calendar. What is a cash flow statement?