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| Date | Value |
|---|---|
| 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 |