Royal Caribbean Cruises (RCL) Cost of Revenue (2009 - 2026)

Royal Caribbean Cruises (RCL) reported Cost of Revenue of $2.2 billion for Q1 2026, up 8.08% on a YoY basis from $2.1 billion in Q1 2025, and little changed sequentially from $2.2 billion in Q4 2025.

Royal Caribbean Cruises (RCL) Cost of Revenue (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises (RCL) has 18 years of Cost of Revenue data on file, last reported at $2.2 billion in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 8.08% year-over-year to $2.2 billion; the trailing twelve-month figure through Mar 2026 stood at $9.3 billion (up 6.65% YoY), and the FY2025 full-year result was $9.1 billion, up 4.98% from the prior year.
  • Cost of Revenue was little changed at $2.2 billion in Q1 2026, 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 Q3 2025 to a low of $1.2 billion in Q1 2022.
  • A 5-year average of $2.0 billion and a median of $2.1 billion in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue jumped 317.99% in 2022 and gained 1.12% in 2025, its largest moves.
  • Tracing RCL's Cost of Revenue over 5 years: stood at $1.8 billion in 2022, then grew by 5.9% to $1.9 billion in 2023, then gained by 8.57% to $2.1 billion in 2024, then grew by 9.26% to $2.2 billion in 2025, then increased by 0.22% to $2.2 billion in 2026.
  • Business Quant data shows RCL's Cost of Revenue at $2.2 billion in Q1 2026, $2.2 billion in Q4 2025, and $2.5 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Booking Holdings 147.33 Bn 131.30 Bn 3.46 Bn 2.07 Bn
2 Airbnb 87.74 Bn 75.73 Bn 2.10 Bn 581.00 Mn
3 Royal Caribbean Cruises 81.68 Bn 80.95 Bn 2.21 Bn 2.25 Bn
4 Yatra Online 56.40 Bn 56.37 Bn 10.44 Mn 8.41 Mn
5 Viking Holdings 45.64 Bn 41.83 Bn 713.43 Mn 1.01 Bn
6 Carnival 37.38 Bn 35.13 Bn - -
7 Expedia 33.93 Bn 31.43 Bn 3.05 Bn 377.00 Mn
8 Trip.com 29.12 Bn 17.42 Bn 1.86 Bn 483.00 Mn
9 Norwegian Cruise Line Holdings 9.10 Bn 8.91 Bn 953.34 Mn 1.38 Bn
10 MakeMyTrip 5.32 Bn 4.90 Bn 199.14 Mn 50.98 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.25 Bn
Mar 31, 2026 2.25 Bn
Dec 31, 2025 2.24 Bn
Dec 31, 2025 2.24 Bn
Sep 30, 2025 2.48 Bn
Sep 30, 2025 2.48 Bn
Jun 30, 2025 2.28 Bn
Jun 30, 2025 2.28 Bn
Mar 31, 2025 2.08 Bn
Mar 31, 2025 2.08 Bn
Dec 31, 2024 2.05 Bn
Dec 31, 2024 2.05 Bn
Sep 30, 2024 2.39 Bn
Sep 30, 2024 2.39 Bn
Jun 30, 2024 2.15 Bn
Jun 30, 2024 2.15 Bn
Mar 31, 2024 2.06 Bn
Mar 31, 2024 2.06 Bn
Dec 31, 2023 1.89 Bn
Dec 31, 2023 1.89 Bn