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

Royal Caribbean Cruises has disclosed Gross Margin across 18 years of filings, most recently posting 49.53% for Q1 2026.

• Gross Margin for Q1 2026 came in at 49.53%, up 152.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 49.69% (up 146.0% YoY), and the FY2025 annual result was 49.36%, up 184.0% from the prior year.
• Gross Margin came in at 49.53% for Q1 2026 at Royal Caribbean Cruises, up from 47.36% 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.
• The 5-year median for Gross Margin is 45.43% (2024), against an average of 40.39%.
• Peak annual rise in Gross Margin reached 75750 bps in 2022, while the deepest fall reached 6855 bps in 2022.
• Royal Caribbean Cruises' 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 rose by 5 bps to 49.53% in 2026.
• The last three Gross Margin figures came in at 49.53% (Q1 2026), 47.36% (Q4 2025), and 51.76% (Q3 2025), per Business Quant data.