Royal Caribbean Cruises (RCL) Capital Expenditures (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Capital Expenditures of $643 million for Q3 2026, down 73.8% from $2.46 billion a year earlier and down 76.5% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Capital Expenditures (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Capital Expenditures at Royal Caribbean Cruises was $5.39 billion, up 26.0% year-over-year; for FY2025, it was $5.23 billion, up 60.0% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 21.6% (FY2020 to FY2025).
- In prior years, Royal Caribbean Cruises' Capital Expenditures was $3.27 billion in FY2024 (-16.1%), $3.9 billion in FY2023 (+43.8%), $2.71 billion in FY2022 (+21.5%) and $2.23 billion in FY2021 (+13.5%).
- Quarterly Capital Expenditures has run from a low of $166.73 million in Q4 2022 to a high of $2.74 billion in Q2 2026 over five years.
- On a year-over-year basis, Capital Expenditures increased in five of the last eight quarters, with growth averaging 114.6%.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q3 2025, with growth of 635.9%; the weakest was Q1 2023, with a decline of 81.5%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $2.74 billion (Q2 2026), $500 million (Q1 2026) and $1.51 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 129.00 Mn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 643.00 Mn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 32.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 698.00 Mn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 1.80 Bn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 22.00 Mn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | -25.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 721.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 643.00 Mn |
| 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 |
API Access
Royal Caribbean Cruises Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();