Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Interest Expenses of $236 million for Q2 2026, up 3.5% from $228 million a year earlier but down 15.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Expenses at Royal Caribbean Cruises was $1.03 billion, down 23.6% year-over-year; for FY2025, it was $992 million, down 37.6% from FY2024.
- Annual Interest Expenses shows a five-year compound annual growth rate of 3.3% (FY2020 to FY2025).
- In prior years, Royal Caribbean Cruises' Interest Expenses was $1.59 billion in FY2024 (+13.4%), $1.4 billion in FY2023 (+2.8%), $1.36 billion in FY2022 (+5.6%) and $1.29 billion in FY2021 (+53.0%).
- Quarterly Interest Expenses has run from a low of $228 million in Q2 2025 to a high of $603 million in Q3 2024 over five years.
- On a year-over-year basis, Interest Expenses has increased in each of the last three quarters, with an average decline of 6.8% over the last eight quarters.
- The strongest year-over-year quarter for Interest Expenses in the past five years was Q3 2024, with growth of 77.4%; the weakest was Q3 2025, with a decline of 58.9%.
- According to Business Quant data, Interest Expenses for the three prior quarters was $278 million (Q1 2026), $267 million (Q4 2025) and $248 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 221.00 Mn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 183.00 Mn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 236.00 Mn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 73.92 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 285.00 Mn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -17.18 Mn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 64.00 Mn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | -9.25 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | -226,017.84 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 236.00 Mn |
| Mar 31, 2026 | 278.00 Mn |
| Dec 31, 2025 | 267.00 Mn |
| Sep 30, 2025 | 248.00 Mn |
| Jun 30, 2025 | 228.00 Mn |
| Mar 31, 2025 | 249.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Sep 30, 2024 | 603.00 Mn |
| Jun 30, 2024 | 298.00 Mn |
| Mar 31, 2024 | 424.00 Mn |
| Dec 31, 2023 | 347.00 Mn |
| Sep 30, 2023 | 340.00 Mn |
| Jun 30, 2023 | 355.00 Mn |
| Mar 31, 2023 | 360.00 Mn |
| Dec 31, 2022 | 431.45 Mn |
| Sep 30, 2022 | 352.19 Mn |
| Jun 30, 2022 | 302.71 Mn |
| Mar 31, 2022 | 277.66 Mn |
| Dec 31, 2021 | 284.01 Mn |
| Sep 30, 2021 | 430.66 Mn |
API Access
Royal Caribbean Cruises Interest Expenses 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=interest-expenses&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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=interest-expenses&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();