Royal Caribbean Cruises (RCL) Capital Expenditures (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Capital Expenditures came in at $145.0 million in Q1 2026, up 245.24% year-on-year from $42.0 million in Q1 2025, and up 103.97% quarter-over-quarter from -$3.6 billion in Q4 2025.

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 $145.0 million for Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $145.0 million, up 245.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $175.0 million (up 214.38% YoY), and the FY2025 annual result was $72.0 million, up 53.19% from the prior year.
  • Capital Expenditures came in at $145.0 million for Q1 2026 at Royal Caribbean Cruises, up from -$3.6 billion in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $2.7 billion in Q4 2022 to a low of -$3.6 billion in Q4 2025.
  • The 5-year median for Capital Expenditures is $242.0 million (2024), against an average of $177.9 million.
  • Across the five-year window, Capital Expenditures jumped 30172.54% in 2022 and sank 14195.69% in 2023, its largest moves.
  • Royal Caribbean Cruises' Capital Expenditures stood at $2.7 billion in 2022, then sank by 99.03% to $26.0 million in 2023, then tumbled by 10365.38% to -$2.7 billion in 2024, then plunged by 36.76% to -$3.6 billion in 2025, then jumped by 103.97% to $145.0 million in 2026.
  • The last three Capital Expenditures figures came in at $145.0 million (Q1 2026), -$3.6 billion (Q4 2025), and $2.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 107.00 Mn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 145.00 Mn
4 Carnival 37.80 Bn 36.39 Bn - 566.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 184.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 1.44 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 37.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 19.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 145.00 Mn
Mar 31, 2026 145.00 Mn
Dec 31, 2025 -3.65 Bn
Dec 31, 2025 -3.65 Bn
Sep 30, 2025 2.46 Bn
Sep 30, 2025 2.46 Bn
Jun 30, 2025 1.22 Bn
Jun 30, 2025 1.22 Bn
Mar 31, 2025 42.00 Mn
Mar 31, 2025 42.00 Mn
Dec 31, 2024 -2.67 Bn
Dec 31, 2024 -2.67 Bn
Sep 30, 2024 334.00 Mn
Sep 30, 2024 334.00 Mn
Jun 30, 2024 2.14 Bn
Jun 30, 2024 2.14 Bn
Mar 31, 2024 242.00 Mn
Mar 31, 2024 242.00 Mn
Dec 31, 2023 26.00 Mn
Dec 31, 2023 26.00 Mn