Stocks Consumer discretionary RCL
NYSE · Consumer discretionaryRoyal Caribbean Cruises Ltd (RCL)
Royal Caribbean Cruises Ltd brought in $18.7B of revenue over the twelve months to June 30, 2026, up 8.7% from a year earlier. Net income was $4.4B, a net margin of 23.5%. Operating cash flow minus capital spending left $1.2B of free cash flow in fiscal 2025. At June 30, 2026 it held $875M in cash against $22.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about Royal Caribbean Cruises Ltd
- Net worth
- Royal Caribbean Cruises Ltd has a market value (market cap) of $73.6B at the latest share price, and shareholders' equity of $10.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $17.9B (+8.8% year on year), with net income of $4.3B. Over the 12 months to June 30, 2026: revenue $18.7B, net income $4.4B.
- Cash flow
- In fiscal 2025 operations brought in $6.5B of cash; after $5.2B of capital spending, free cash flow was $1.2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Royal Caribbean Cruises Ltd's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Royal Caribbean Cruises Ltd declared dividends of $3.50 per share in fiscal 2025, a yield of 1.27% at the current price.
What Royal Caribbean Cruises Ltd does
Royal Caribbean Cruises operates global cruise lines under brands such as Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company sells cruise vacation packages, onboard accommodations, dining, entertainment, and shore excursions directly to consumers and through travel agencies. Its shares trade on NYSE under the ticker RCL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $17.9B | $4.3B | $15.61 | $1.2B |
| 2024 | $16.5B | $2.9B | $10.94 | $2B |
| 2023 | $13.9B | $1.7B | $6.31 | $580M |
| 2022 | $8.8B | -$2.2B | -$8.45 | -$2.2B |
| 2021 | $1.5B | -$5.3B | -$20.89 | -$4.1B |
| 2020 | $2.2B | -$5.8B | -$27.05 | -$5.7B |
Full financial statements: income, balance sheet and cash flow
Where RCL ranks in Consumer discretionary
Dividends
Royal Caribbean Cruises Ltd declared $3.50 per share in fiscal 2025. At the current price that is a yield of 1.27%. It paid out $824M in cash dividends, 19% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.50 | $824M | 19% |
| 2024 | $0.95 | $107M | 4% |
| 2023 | $0.00 | $0 | 0% |
| 2022 | $0.00 | $0 | n/a |
| 2021 | n/a | $0 | n/a |
| 2020 | $0.78 | $326.4M | n/a |
Latest SEC filings
What Royal Caribbean Cruises Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 23, 2026Other event 8-K
- August 20, 2026
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 10, 2026
- August 7, 2026
- August 6, 2026
- August 6, 2026
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 6.5% to $4.8B versus the same quarter last year; diluted EPS $4.20 versus $4.41.
- July 28, 2026
- July 20, 2026
What is RCL worth? A DCF from its reported cash flow
Insider trades
What the people running Royal Caribbean Cruises Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $4M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| July 31, 2026 | Bunch TaraDirector | Received as pay | 683 | - |
| July 29, 2026 | Bayley Michael WPres&CEO, Royal Caribbean Intl | Sold | 12,811 | $4M |
| June 1, 2026 | Bethge Laura HPresident, Celebrity Cruises | Shares withheld for tax | 267 | $75.9K |
| May 28, 2026 | Wiernicki Christopher JDirector | Received as pay | 571 | - |
| May 28, 2026 | Moore Ann SDirector | Shares withheld for tax | 78 | $21.6K |
| May 28, 2026 | Brock JohnDirector | Shares withheld for tax | 78 | $21.6K |
| May 28, 2026 | Brock JohnDirector | Received as pay | 831 | - |
| May 28, 2026 | Fain Richard DDirector | Received as pay | 831 | - |
Who owns RCL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Capital Research Global Investors13G, passive | 12.8% | August 12, 2026 |
| Capital International Investors13G, passive | 9.5% | May 14, 2026 |
| Capital World Investors13G, passive | 7.6% | May 14, 2026 |
| Vanguard Capital Management13G, passive | 6.86% | April 30, 2026 |
| Awilhelmsen AS13G, passive | 6.1% | May 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,227 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Capital Research Global Investors | 34,256,274 | +6,000,573 |
| Capital International Investors | 24,493,815 | -557,582 |
| BlackRock, Inc. | 20,626,151 | -1,426,238 |
| Capital World Investors | 18,670,920 | -1,391,351 |
| Vanguard Capital Management LLC | 16,027,157 | -55,712 |
| Vanguard Portfolio Management LLC | 12,248,670 | -32,727 |
| Osiris Holdings Inc. | 11,708,700 | new |
| State Street Corp | 10,689,134 | +270,930 |
| Geode Capital Management, LLC | 6,945,690 | -102,841 |
| Jpmorgan Chase & Co | 3,770,769 | +337,180 |
| Morgan Stanley | 3,188,444 | +80,201 |
| Sanders Capital, LLC | 2,603,252 | new |
| Northern Trust Corp | 2,349,838 | -23,780 |
| Invesco Ltd. | 2,279,929 | -120,960 |
| Dimensional Fund Advisors LP | 2,136,996 | +179,952 |
| Primecap Management Co | 2,109,421 | -237,500 |
| Jupiter Topco LLC | 1,881,240 | new |
| Goldman Sachs Group Inc | 1,750,912 | -548,348 |
| UBS Group AG | 1,727,879 | +251,216 |
| Barclays PLC | 1,616,198 | +1,067,622 |
Insiders
21 insiders reported holding 17,292,307 shares in total, about $4.76B at the last price.
| Holder | Shares |
|---|---|
| Wilhelmsen Arne AlexanderDirector | 16,444,43016,435,910 held indirectly |
| Liberty Jason TPresident & CEO | 218,822 |
| Fain Richard DDirector | 203,81752,695 held indirectly |
| Kulovaara Harri UEVP, Maritime | 59,959 |
| Bayley Michael WPres&CEO, Royal Caribbean Intl | 45,297 |
| Ofer EyalDirector | 43,756 |
| Thompson DonaldDirector | 40,314 |
| Lake Robert AlexanderSVP, CLO, Secretary & CCO | 38,449 |
| Bethge Laura HPresident, Celebrity Cruises | 32,519 |
| Moore Ann SDirector | 28,925 |
Questions about RCL
What does Royal Caribbean Cruises Ltd do?
Royal Caribbean Cruises operates global cruise lines under brands such as Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company sells cruise vacation packages, onboard accommodations, dining, entertainment, and shore excursions directly to consumers and through travel agencies. Its shares trade on NYSE under the ticker RCL.
What is Royal Caribbean Cruises Ltd's net worth?
Royal Caribbean Cruises Ltd has a market value (market cap) of $73.6B at the latest share price, and shareholders' equity of $10.2B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Royal Caribbean Cruises Ltd profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $4.4B on revenue of $18.7B, a net margin of 23.5%.
How much revenue does Royal Caribbean Cruises Ltd make?
Over the twelve months to June 30, 2026 Royal Caribbean Cruises Ltd reported revenue of $18.7B. That is 8.7% more than a year earlier.
When did Royal Caribbean Cruises Ltd last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the other event from September 23, 2026.
When is Royal Caribbean Cruises Ltd's next earnings report?
Royal Caribbean Cruises Ltd's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Royal Caribbean Cruises Ltd pay a dividend?
Yes. Royal Caribbean Cruises Ltd declared dividends of $3.50 per share in fiscal 2025, a yield of 1.27% at the current price.
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Follow RCL: get an email when it filesWhere the numbers come from
Financial figures are the values Royal Caribbean Cruises Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.