Royal Caribbean Cruises RCL
NYSE RCL
$264.53 -0.66 (-0.25%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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