Royal Caribbean Cruises (RCL) EBITDA (2009 - 2026)
Royal Caribbean Cruises' EBITDA was $1.77 billion in Q2 2026, up 1.4% from $1.75 billion a year earlier and up 9.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' EBITDA was $6.92 billion through Jun 30, 2026, up 11.9% year-over-year; for FY2025, it was $6.63 billion, up 16.2% from FY2024.
- EBITDA has now increased for three consecutive years.
- In earlier years, EBITDA was $5.71 billion in FY2024 (+31.7%), $4.33 billion in FY2023 (+576.0%), $641 million in FY2022 and -$2.58 billion in FY2021.
- Quarterly EBITDA has moved between -$697.92 million (Q4 2021) and $2.14 billion (Q3 2025) over five years.
- Compared with a year earlier, EBITDA has increased for 13 straight quarters, with growth averaging 16.5% over the last eight quarters.
- The year-over-year growth in EBITDA has ranged between 1.4% (Q2 2026) and 752.5% (Q2 2023) over the last five years.
- Per Business Quant data, RCL's EBITDA in the three quarters before Q2 2026 was $1.62 billion (Q1 2026), $1.39 billion (Q4 2025) and $2.14 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn | 1.45 Bn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn | 924.00 Mn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn | 1.73 Bn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn | 736.20 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - | 3.00 Bn |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn | -1.24 Bn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn | 372.44 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn | 657.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.73 Bn |
| Mar 31, 2026 | 1.68 Bn |
| Dec 31, 2025 | 1.41 Bn |
| Sep 30, 2025 | 2.16 Bn |
| Jun 30, 2025 | 1.77 Bn |
| Mar 31, 2025 | 1.38 Bn |
| Dec 31, 2024 | 1.06 Bn |
| Sep 30, 2024 | 2.07 Bn |
| Jun 30, 2024 | 1.52 Bn |
| Mar 31, 2024 | 1.16 Bn |
| Dec 31, 2023 | 963.00 Mn |
| Sep 30, 2023 | 1.66 Bn |
| Jun 30, 2023 | 1.16 Bn |
| Mar 31, 2023 | 662.00 Mn |
| Dec 31, 2022 | 407.38 Mn |
| Sep 30, 2022 | 698.73 Mn |
| Jun 30, 2022 | 174.44 Mn |
| Mar 31, 2022 | -476.55 Mn |
| Dec 31, 2021 | -543.43 Mn |
| Sep 30, 2021 | -657.91 Mn |
API Access
Royal Caribbean Cruises EBITDA 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=ebitda&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();