Royal Caribbean Cruises (RCL) Capital Expenditures (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Capital Expenditures came in at $2.7 billion in Q2 2026, up 227.39% year-over-year from $836.0 million in Q2 2025, and up 447.4% quarter-over-quarter from $500.0 million in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) Capital Expenditures (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Capital Expenditures across 18 years of filings, most recently posting $2.7 billion for Q2 2026.
- In Q2 2026, Capital Expenditures rose 227.39% year-over-year to $2.7 billion; the TTM figure through Jun 2026 stood at $7.2 billion (up 234.98% YoY), while the FY2025 annual figure was $5.2 billion, up 60.01% from the prior year.
- Capital Expenditures came in at $2.7 billion for Q2 2026 at Royal Caribbean Cruises, up from $500.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $2.7 billion in Q2 2026 to a low of $166.7 million in Q4 2022.
- Average Capital Expenditures over 5 years is $1.0 billion, with a median of $674.0 million recorded in 2023.
- The largest YoY upside for Capital Expenditures was 1440.18% in 2023 against a maximum downside of 81.51% in 2023.
- Over 5 years, Capital Expenditures stood at $166.7 million in 2022, then jumped by 1440.18% to $2.6 billion in 2023, then tumbled by 78.5% to $552.0 million in 2024, then surged by 173.01% to $1.5 billion in 2025, then jumped by 81.62% to $2.7 billion in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $2.7 billion in Q2 2026, $500.0 million in Q1 2026, and $1.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 2.74 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | -735.86 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 875.00 Mn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 457.69 Mn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 8.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.74 Bn |
| Mar 31, 2026 | 500.00 Mn |
| Dec 31, 2025 | 1.51 Bn |
| Sep 30, 2025 | 2.46 Bn |
| Jun 30, 2025 | 836.00 Mn |
| Mar 31, 2025 | 428.00 Mn |
| Dec 31, 2024 | 552.00 Mn |
| Sep 30, 2024 | 334.00 Mn |
| Jun 30, 2024 | 2.14 Bn |
| Mar 31, 2024 | 242.00 Mn |
| Dec 31, 2023 | 2.57 Bn |
| Sep 30, 2023 | 281.00 Mn |
| Jun 30, 2023 | 796.00 Mn |
| Mar 31, 2023 | 252.00 Mn |
| Dec 31, 2022 | 166.73 Mn |
| Sep 30, 2022 | 225.52 Mn |
| Jun 30, 2022 | 954.66 Mn |
| Mar 31, 2022 | 1.36 Bn |
| Dec 31, 2021 | 575.73 Mn |
| Sep 30, 2021 | 368.10 Mn |