Royal Caribbean Cruises (RCL) Current Deferred Revenue (2017 - 2026)
Royal Caribbean Cruises' Current Deferred Revenue came in at $6.74 billion for Q2 2026, up 5.6% from $6.38 billion a year earlier and up 2.9% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Current Deferred Revenue (2017 - 2026) Analysis & Trends
At the end of FY2025, Royal Caribbean Cruises' Current Deferred Revenue was $5.74 billion, up 4.4% from FY2024.
- Current Deferred Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 26.3% (FY2020 to FY2025).
- Going back by year, Current Deferred Revenue was $5.5 billion in FY2024 (+3.5%), $5.31 billion in FY2023 (+27.4%), $4.17 billion in FY2022 (+31.9%) and $3.16 billion in FY2021 (+77.1%).
- The Q2 2026 figure represents the highest quarterly Current Deferred Revenue in data going back to Q4 2017.
- Year-over-year, Current Deferred Revenue has increased for 21 consecutive quarters, with growth averaging 4.4% over the last eight quarters.
- The year-over-year growth in Current Deferred Revenue has ranged between 2.1% (Q2 2025) and 94.9% (Q1 2022) over the last five years.
- Business Quant data shows RCL's Current Deferred Revenue at $6.55 billion (Q1 2026), $5.74 billion (Q4 2025) and $5.6 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.74 Bn |
| Mar 31, 2026 | 6.55 Bn |
| Dec 31, 2025 | 5.74 Bn |
| Sep 30, 2025 | 5.60 Bn |
| Jun 30, 2025 | 6.38 Bn |
| Mar 31, 2025 | 6.33 Bn |
| Dec 31, 2024 | 5.50 Bn |
| Sep 30, 2024 | 5.32 Bn |
| Jun 30, 2024 | 6.25 Bn |
| Mar 31, 2024 | 6.04 Bn |
| Dec 31, 2023 | 5.31 Bn |
| Sep 30, 2023 | 5.03 Bn |
| Jun 30, 2023 | 5.68 Bn |
| Mar 31, 2023 | 5.27 Bn |
| Dec 31, 2022 | 4.17 Bn |
| Sep 30, 2022 | 3.77 Bn |
| Jun 30, 2022 | 4.17 Bn |
| Mar 31, 2022 | 3.57 Bn |
| Dec 31, 2021 | 3.16 Bn |
| Sep 30, 2021 | 2.77 Bn |
API Access
Royal Caribbean Cruises Current Deferred Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();