Royal Caribbean Cruises (RCL) EBITDA (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly EBITDA came in at $1.2 billion in Q1 2026, up 38.71% year-on-year from $837.0 million in Q1 2025, and up 65.62% quarter-over-quarter from $701.0 million in Q4 2025.
Royal Caribbean Cruises (RCL) EBITDA (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed EBITDA across 18 years of filings, most recently posting $1.2 billion for Q1 2026.
- EBITDA for Q1 2026 came in at $1.2 billion, up 38.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.8 billion (up 51.38% YoY), and the FY2025 annual result was $4.5 billion, up 62.17% from the prior year.
- EBITDA came in at $1.2 billion for Q1 2026 at Royal Caribbean Cruises, up from $701.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $1.6 billion in Q3 2025 to a low of -$950.9 million in Q1 2022.
- The 5-year median for EBITDA is $510.0 million (2024), against an average of $470.4 million.
- Across the five-year window, EBITDA jumped 602.74% in 2023 and decreased 2.96% in 2024, its largest moves.
- Royal Caribbean Cruises' EBITDA stood at -$351.7 million in 2022, then jumped by 170.52% to $248.0 million in 2023, then soared by 105.65% to $510.0 million in 2024, then soared by 37.45% to $701.0 million in 2025, then soared by 65.62% to $1.2 billion in 2026.
- The last three EBITDA figures came in at $1.2 billion (Q1 2026), $701.0 million (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 1.27 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 86.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 1.16 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 607.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 472.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 232.94 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 3.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 159.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 490.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -11.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.16 Bn |
| Dec 31, 2025 | 701.00 Mn |
| Sep 30, 2025 | 1.57 Bn |
| Jun 30, 2025 | 1.39 Bn |
| Mar 31, 2025 | 837.00 Mn |
| Dec 31, 2024 | 510.00 Mn |
| Sep 30, 2024 | 1.02 Bn |
| Jun 30, 2024 | 817.00 Mn |
| Mar 31, 2024 | 417.00 Mn |
| Dec 31, 2023 | 248.00 Mn |
| Sep 30, 2023 | 1.05 Bn |
| Jun 30, 2023 | 462.00 Mn |
| Mar 31, 2023 | -83.00 Mn |
| Dec 31, 2022 | -351.65 Mn |
| Sep 30, 2022 | -208.26 Mn |
| Jun 30, 2022 | -578.23 Mn |
| Mar 31, 2022 | -950.87 Mn |
| Dec 31, 2021 | -1.39 Bn |
| Sep 30, 2021 | -1.44 Bn |
| Jun 30, 2021 | -1.30 Bn |