Royal Caribbean Cruises (RCL) EBITDA (2009 - 2026)
Royal Caribbean Cruises' EBITDA was $2.36 billion in Q3 2026, up 9.2% from $2.16 billion a year earlier and up 36.4% 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 $7.18 billion through Sep 30, 2026, up 12.8% year-over-year; for FY2025, it was $6.73 billion, up 15.9% from FY2024.
- EBITDA has now increased for three consecutive years.
- In earlier years, EBITDA was $5.8 billion in FY2024 (+30.7%), $4.44 billion in FY2023 (+452.5%), $804 million in FY2022 and -$2.33 billion in FY2021.
- The Q3 2026 figure marks the highest quarterly EBITDA in data going back to Q1 2009.
- Compared with a year earlier, EBITDA was higher in seven of the last eight quarters, with growth averaging 14.0%.
- The best year-over-year quarter for EBITDA over five years was Q2 2023 (growth of 565.6%); the worst was Q2 2026 (a decline of 2.1%).
- Per Business Quant data, RCL's EBITDA in the three quarters before Q3 2026 was $1.73 billion (Q2 2026), $1.68 billion (Q1 2026) and $1.41 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 1.44 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 2.36 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 977.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 3.00 Bn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 736.20 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -1.09 Bn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 373.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 591.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.36 Bn |
| 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 |
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();