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
DateValue
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