Royal Caribbean Cruises (RCL) Gross Margin (2009 - 2026)

Royal Caribbean Cruises has disclosed Gross Margin across 18 years of filings, most recently posting 47.29% for Q2 2026.

• In Q2 2026, Gross Margin fell 240.0% year-over-year to 47.29%; the TTM figure through Jun 2026 stood at 49.07% (up 31.0% YoY), while the FY2025 annual figure was 49.36%, up 184.0% from the prior year.
• Gross Margin came in at 47.29% for Q2 2026 at Royal Caribbean Cruises, down from 49.53% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 51.76% in Q3 2025 to a low of 11.87% in Q1 2022.
• Average Gross Margin over 5 years is 40.77%, with a median of 46.36% recorded in 2024.
• The largest YoY upside for Gross Margin was 75750 bps in 2022 against a maximum downside of 6855 bps in 2022.
• Over 5 years, Gross Margin stood at 31.45% in 2022, then surged by 38 bps to 43.26% in 2023, then rose by 5 bps to 45.43% in 2024, then increased by 4 bps to 47.36% in 2025, then retreated by 0 bps to 47.29% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 47.29% in Q2 2026, 49.53% in Q1 2026, and 47.36% in Q4 2025.