Royal Caribbean Cruises (RCL) Cost of Revenue (2016 - 2026)

Royal Caribbean Cruises has reported Cost of Revenue over the past 18 years, most recently at $2.2 billion for Q1 2026.

• Cost of Revenue reached $2.2 billion in Q1 2026 per RCL's latest filing, roughly flat from $2.2 billion in the prior quarter.
• Across five years, Cost of Revenue topped out at $2.5 billion in Q3 2025 and bottomed at $1.2 billion in Q1 2022.
• Median Cost of Revenue over the past 5 years was $2.1 billion (2024), compared with a mean of $2.0 billion.
• The largest annual shift saw Cost of Revenue skyrocketed 317.99% in 2022 before it grew 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 increased by 8.57% to $2.1 billion in 2024, then increased by 9.26% to $2.2 billion in 2025, then rose by 0.22% to $2.2 billion in 2026.
• Business Quant data shows Cost of Revenue for RCL at $2.2 billion in Q1 2026, $2.2 billion in Q4 2025, and $2.5 billion in Q3 2025.

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