Royal Caribbean Cruises (RCL) Cash from Operations (2009 - 2026)
Royal Caribbean Cruises' Cash from Operations was $1.58 billion in Q3 2026, up 7.6% from $1.47 billion a year earlier but down 15.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Cash from Operations (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' Cash from Operations was $6.9 billion through Sep 30, 2026, up 9.3% year-over-year; for FY2025, it came in at $6.47 billion, up 22.8% from FY2024.
- Cash from Operations has now increased for three consecutive years.
- In earlier years, Cash from Operations was $5.27 billion in FY2024 (+17.6%), $4.48 billion in FY2023 (+830.8%), $481 million in FY2022 and -$1.88 billion in FY2021.
- Quarterly Cash from Operations has moved between -$528.85 million (Q1 2022) and $1.86 billion (Q2 2026) over five years.
- Compared with a year earlier, Cash from Operations has increased for 12 straight quarters, with growth averaging 20.8% over the last eight quarters.
- The year-over-year growth in Cash from Operations has ranged between 1.4% (Q1 2024) and 190.8% (Q2 2023) over the last five years.
- Per Business Quant data, RCL's Cash from Operations in the three quarters before Q3 2026 was $1.86 billion (Q2 2026), $1.83 billion (Q1 2026) and $1.62 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.72 Bn | 107.99 Bn | 1.54 Bn | 1.43 Bn |
| 2 | Royal Caribbean Cruises | 89.97 Bn | 86.90 Bn | 2.88 Bn | 1.58 Bn |
| 3 | Hilton Worldwide Holdings | 83.93 Bn | 80.66 Bn | 3.05 Bn | 721.00 Mn |
| 4 | Carnival | 41.78 Bn | 34.97 Bn | - | 1.41 Bn |
| 5 | Viking Holdings | 39.37 Bn | 24.50 Bn | 996.62 Mn | 389.13 Mn |
| 6 | Trip.com | 28.86 Bn | -16.18 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.91 Bn | 23.88 Bn | - | - |
| 8 | Hyatt Hotels | 17.70 Bn | 15.12 Bn | 384.00 Mn | -135.00 Mn |
| 9 | H World | 15.52 Bn | 6.93 Bn | 456.00 Mn | 503.00 Mn |
| 10 | U-Haul Holding | 11.19 Bn | 6.83 Bn | 1.75 Bn | 378.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.58 Bn |
| Jun 30, 2026 | 1.86 Bn |
| Mar 31, 2026 | 1.83 Bn |
| Dec 31, 2025 | 1.62 Bn |
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | 1.75 Bn |
| Mar 31, 2025 | 1.63 Bn |
| Dec 31, 2024 | 1.47 Bn |
| Sep 30, 2024 | 897.00 Mn |
| Jun 30, 2024 | 1.57 Bn |
| Mar 31, 2024 | 1.33 Bn |
| Dec 31, 2023 | 1.12 Bn |
| Sep 30, 2023 | 659.00 Mn |
| Jun 30, 2023 | 1.39 Bn |
| Mar 31, 2023 | 1.31 Bn |
| Dec 31, 2022 | 575.74 Mn |
| Sep 30, 2022 | -44.53 Mn |
| Jun 30, 2022 | 478.64 Mn |
| Mar 31, 2022 | -528.85 Mn |
| Dec 31, 2021 | -205.23 Mn |
API Access
Royal Caribbean Cruises Cash from Operations 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=cash-from-operations&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();