Royal Caribbean Cruises (RCL) Cost of Revenue (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Cost of Revenue came in at $2.5 billion in Q2 2026, up 11.56% year-over-year from $2.3 billion in Q2 2025, and up 13.35% quarter-over-quarter from $2.2 billion in Q1 2026.
Analysis
Royal Caribbean Cruises (RCL) Cost of Revenue (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Cost of Revenue across 18 years of filings, most recently posting $2.5 billion for Q2 2026.
- In Q2 2026, Cost of Revenue rose 11.56% year-over-year to $2.5 billion; the TTM figure through Jun 2026 stood at $9.5 billion (up 8.06% YoY), while the FY2025 annual figure was $9.1 billion, up 4.98% from the prior year.
- Cost of Revenue came in at $2.5 billion for Q2 2026 at Royal Caribbean Cruises, up from $2.2 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $2.5 billion in Q2 2026 to a low of $1.2 billion in Q1 2022.
- Average Cost of Revenue over 5 years is $2.1 billion, with a median of $2.1 billion recorded in 2024.
- Year-over-year, Cost of Revenue surged 317.99% in 2022 and advanced 1.12% in 2025.
- Over 5 years, Cost of Revenue stood at $1.8 billion in 2022, then increased by 5.9% to $1.9 billion in 2023, then advanced by 8.57% to $2.1 billion in 2024, then increased by 9.26% to $2.2 billion in 2025, then climbed by 13.6% to $2.5 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $2.5 billion in Q2 2026, $2.2 billion in Q1 2026, and $2.2 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 2.55 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 1.19 Bn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 1.59 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 102.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.55 Bn |
| Mar 31, 2026 | 2.25 Bn |
| Dec 31, 2025 | 2.24 Bn |
| Sep 30, 2025 | 2.48 Bn |
| Jun 30, 2025 | 2.28 Bn |
| Mar 31, 2025 | 2.08 Bn |
| Dec 31, 2024 | 2.05 Bn |
| Sep 30, 2024 | 2.39 Bn |
| Jun 30, 2024 | 2.15 Bn |
| Mar 31, 2024 | 2.06 Bn |
| Dec 31, 2023 | 1.89 Bn |
| Sep 30, 2023 | 2.14 Bn |
| Jun 30, 2023 | 1.96 Bn |
| Mar 31, 2023 | 1.79 Bn |
| Dec 31, 2022 | 1.78 Bn |
| Sep 30, 2022 | 1.97 Bn |
| Jun 30, 2022 | 1.68 Bn |
| Mar 31, 2022 | 1.18 Bn |
| Sep 30, 2021 | 813.69 Mn |
| Jun 30, 2021 | 424.83 Mn |