Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Enterprise Value of -$697.0 million for Q2 2026, down 34.82% sequentially from -$517.0 million in Q1 2026, and up 12.44% YoY from -$619.9 million in Q2 2025.
Royal Caribbean Cruises (RCL) Enterprise Value (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Enterprise Value for 18 years, with the latest figure at -$697.0 million in Q2 2026.
- Quarterly Enterprise Value rose 12.44% year-over-year to -$697.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$697.0 million (up 12.44% YoY) and the FY2025 annual result came in at -$732.0 million, down 222.47% from the prior year.
- Enterprise Value eased to -$697.0 million in Q2 2026 per RCL's latest filing, from -$517.0 million in the prior quarter.
- Over five years, Enterprise Value peaked at -$227.0 million in Q4 2024 and troughed at -$2.3 billion in Q2 2022.
- A 5-year average of -$840.6 million and a median of -$556.3 million in 2023 frame the typical range for Enterprise Value.
- The sharpest annual moves came in 2023 and 2025: Enterprise Value jumped 82.6% in 2023, then tumbled 222.47% in 2025.
- Over 5 years, Enterprise Value stood at -$2.0 billion in 2022, then surged by 82.6% to -$347.0 million in 2023, then surged by 34.58% to -$227.0 million in 2024, then sank by 222.47% to -$732.0 million in 2025, then grew by 4.78% to -$697.0 million in 2026.
- According to Business Quant data, Enterprise Value over the past three periods registered -$697.0 million, -$517.0 million, and -$732.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | -17.21 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | -12.07 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | -697.00 Mn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | -3.80 Bn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | -2.23 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | -7.13 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | -11.47 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | -218.10 Mn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | -766.12 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | -472.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -697.00 Mn |
| Mar 31, 2026 | -517.00 Mn |
| Dec 31, 2025 | -732.00 Mn |
| Sep 30, 2025 | -414.00 Mn |
| Jun 30, 2025 | -796.00 Mn |
| Mar 31, 2025 | -240.00 Mn |
| Dec 31, 2024 | -227.00 Mn |
| Sep 30, 2024 | -279.00 Mn |
| Jun 30, 2024 | -268.00 Mn |
| Mar 31, 2024 | -315.00 Mn |
| Dec 31, 2023 | -347.00 Mn |
| Sep 30, 2023 | -496.99 Mn |
| Jun 30, 2023 | -595.51 Mn |
| Mar 31, 2023 | -1.10 Bn |
| Dec 31, 2022 | -1.99 Bn |
| Sep 30, 2022 | -1.66 Bn |
| Jun 30, 2022 | -2.27 Bn |
| Mar 31, 2022 | -2.18 Bn |
| Dec 31, 2021 | -2.76 Bn |
| Sep 30, 2021 | -3.37 Bn |