Royal Caribbean Cruises (RCL) EBIT Margin (2009 - 2026)
Royal Caribbean Cruises' EBIT Margin was 33.46% in Q3 2026, up 0.35 percentage points from 33.12% a year earlier and up 6.42 percentage points from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) EBIT Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' EBIT Margin was 27.56% through Sep 30, 2026, up 1.18 percentage points year-over-year; for FY2025, it came in at 27.38%, up 2.47 percentage points from FY2024.
- EBIT Margin has now increased for four consecutive years, with a five-year change of +235.70 percentage points (FY2020 to FY2025).
- In earlier years, EBIT Margin was 24.91% in FY2024 (+4.20 pp), 20.71% in FY2023 (+29.37 pp), -8.67% in FY2022 (+243.95 pp) and -252.61% in FY2021 (-44.28 pp).
- The Q3 2026 figure marks the highest quarterly EBIT Margin in data going back to Q1 2009.
- Compared with a year earlier, EBIT Margin was higher in five of the last eight quarters, with an average year-over-year change of +1.39 percentage points.
- The best year-over-year quarter for EBIT Margin over five years was Q4 2021 (a gain of 2872.74 percentage points); the worst was Q2 2026 (a drop of 2.24 percentage points).
- Per Business Quant data, RCL's EBIT Margin in the three quarters before Q3 2026 was 27.05% (Q2 2026), 26.10% (Q1 2026) and 21.91% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 18.19% |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 33.46% |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 27.34% |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 26.32% |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 29.40% |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | -9.36% |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -66.38% |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 31.05% |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 14.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.46% |
| Jun 30, 2026 | 27.05% |
| Mar 31, 2026 | 26.10% |
| Dec 31, 2025 | 21.91% |
| Sep 30, 2025 | 33.12% |
| Jun 30, 2025 | 29.29% |
| Mar 31, 2025 | 23.63% |
| Dec 31, 2024 | 16.60% |
| Sep 30, 2024 | 33.44% |
| Jun 30, 2024 | 26.74% |
| Mar 31, 2024 | 20.12% |
| Dec 31, 2023 | 17.11% |
| Sep 30, 2023 | 30.41% |
| Jun 30, 2023 | 21.88% |
| Mar 31, 2023 | 9.42% |
| Dec 31, 2022 | 0.52% |
| Sep 30, 2022 | 9.97% |
| Jun 30, 2022 | -10.01% |
| Mar 31, 2022 | -81.12% |
| Dec 31, 2021 | -105.02% |
API Access
Royal Caribbean Cruises EBIT Margin 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=ebit-margin&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit-margin", "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=ebit-margin&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();