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Royal Caribbean Cruises (RCL) Cost of Revenue (2016 - 2025)

Royal Caribbean Cruises' Cost of Revenue history spans 16 years, with the latest figure at $2.2 billion for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 9.26% year-over-year to $2.2 billion; the TTM value through Dec 2025 reached $9.1 billion, up 4.99%, while the annual FY2025 figure was $9.1 billion, 4.98% up from the prior year.
  • Cost of Revenue for Q4 2025 was $2.2 billion at Royal Caribbean Cruises, down from $2.5 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $2.5 billion in Q4 2021 and bottomed at $41.8 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $2.1 billion (2024), against an average of $1.8 billion.
  • The largest YoY upside for Cost of Revenue was 1564.69% in 2022 against a maximum downside of 29.18% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $2.5 billion in 2021, then dropped by 29.18% to $1.8 billion in 2022, then increased by 5.91% to $1.9 billion in 2023, then increased by 8.56% to $2.1 billion in 2024, then rose by 9.26% to $2.2 billion in 2025.
  • Per Business Quant, the three most recent readings for RCL's Cost of Revenue are $2.2 billion (Q4 2025), $2.5 billion (Q3 2025), and $2.3 billion (Q2 2025).