Royal Caribbean Cruises (RCL) FCF Payout Ratio (2012 - 2026)

Royal Caribbean Cruises' (RCL) quarterly FCF Payout Ratio came in at 0.16 in Q1 2026, up 71.2% year-on-year from 0.09 in Q1 2025, and up 209.9% quarter-over-quarter from 0.05 in Q4 2025.

Royal Caribbean Cruises (RCL) FCF Payout Ratio (2012 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed FCF Payout Ratio across 12 years of filings, most recently posting 0.16 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.16, up 71.2% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.15 (up 226.44% YoY), and the FY2025 annual result was 0.13, up 528.55% from the prior year.
  • FCF Payout Ratio came in at 0.16 for Q1 2026 at Royal Caribbean Cruises, up from 0.05 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 0.38 in Q2 2025 to a low of 0.21 in Q3 2025.
  • The 3-year median for FCF Payout Ratio is 0.07 (2025), against an average of 0.08.
  • Across the five-year window, FCF Payout Ratio jumped 99.39% in 2025 and surged 71.2% in 2026, its largest moves.
  • Royal Caribbean Cruises' FCF Payout Ratio stood at 0.03 in 2024, then jumped by 99.39% to 0.05 in 2025, then jumped by 209.9% to 0.16 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.16 (Q1 2026), 0.05 (Q4 2025), and 0.21 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 0.11
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn -
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 0.16
4 Carnival 37.80 Bn 36.39 Bn - 0.30
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.02
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn -
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn -
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 2.00
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.16
Dec 31, 2025 0.05
Sep 30, 2025 -0.21
Jun 30, 2025 0.38
Mar 31, 2025 0.09
Dec 31, 2024 0.03
Jun 30, 2020 -0.05
Mar 31, 2020 0.96
Dec 31, 2019 0.06
Sep 30, 2019 0.34
Jun 30, 2019 -0.20
Mar 31, 2019 0.14
Dec 31, 2018 0.05
Sep 30, 2018 0.24
Jun 30, 2018 0.25
Mar 31, 2018 -0.16
Dec 31, 2017 0.19
Sep 30, 2017 0.15
Jun 30, 2017 0.14
Mar 31, 2017 0.15