Royal Caribbean Cruises (RCL) Free Cash Flow (2009 - 2026)
Royal Caribbean Cruises (RCL) reported Free Cash Flow of $937 million for Q3 2026, compared with -$989 million a year earlier.
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Analysis
Royal Caribbean Cruises (RCL) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Royal Caribbean Cruises' Free Cash Flow came in at $1.51 billion, down 25.8% year-over-year; for FY2025, it came in at $1.24 billion, down 38.1% from FY2024.
- By year, Free Cash Flow came in at $2 billion in FY2024 (+244.3%), $580 million in FY2023, -$2.23 billion in FY2022 and -$4.11 billion in FY2021.
- Five-year quarterly Free Cash Flow spans a low of -$1.89 billion in Q1 2022 and a high of $1.33 billion in Q1 2026.
- Per Business Quant data, the three quarters before Q3 2026 came in at -$877 million (Q2 2026), $1.33 billion (Q1 2026) and $116 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 109.31 Bn | 107.58 Bn | 1.54 Bn | 1.30 Bn |
| 2 | Royal Caribbean Cruises | 90.26 Bn | 87.19 Bn | 2.88 Bn | 937.00 Mn |
| 3 | Hilton Worldwide Holdings | 83.34 Bn | 80.08 Bn | 3.05 Bn | 689.00 Mn |
| 4 | Carnival | 41.72 Bn | 34.91 Bn | - | 712.00 Mn |
| 5 | Viking Holdings | 38.51 Bn | 23.64 Bn | 996.62 Mn | -1.41 Bn |
| 6 | Trip.com | 28.88 Bn | -16.16 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.75 Bn | 23.71 Bn | - | - |
| 8 | Hyatt Hotels | 17.35 Bn | 14.77 Bn | 384.00 Mn | -157.00 Mn |
| 9 | H World | 15.42 Bn | 6.82 Bn | 456.00 Mn | 528.00 Mn |
| 10 | U-Haul Holding | 11.00 Bn | 6.65 Bn | 1.75 Bn | -342.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 937.00 Mn |
| Jun 30, 2026 | -877.00 Mn |
| Mar 31, 2026 | 1.33 Bn |
| Dec 31, 2025 | 116.00 Mn |
| Sep 30, 2025 | -989.00 Mn |
| Jun 30, 2025 | 910.00 Mn |
| Mar 31, 2025 | 1.20 Bn |
| Dec 31, 2024 | 915.00 Mn |
| Sep 30, 2024 | 563.00 Mn |
| Jun 30, 2024 | -567.00 Mn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | -1.45 Bn |
| Sep 30, 2023 | 378.00 Mn |
| Jun 30, 2023 | 596.00 Mn |
| Mar 31, 2023 | 1.06 Bn |
| Dec 31, 2022 | 409.01 Mn |
| Sep 30, 2022 | -270.05 Mn |
| Jun 30, 2022 | -476.02 Mn |
| Mar 31, 2022 | -1.89 Bn |
| Dec 31, 2021 | -780.96 Mn |
API Access
Royal Caribbean Cruises Free Cash Flow 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=free-cash-flow&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();