Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Interest Expenses came in at $278.0 million in Q1 2026, up 11.65% year-on-year from $249.0 million in Q1 2025, and up 4.12% quarter-over-quarter from $267.0 million in Q4 2025.
Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Interest Expenses across 18 years of filings, most recently posting $278.0 million for Q1 2026.
- Interest Expenses for Q1 2026 came in at $278.0 million, up 11.65% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.0 billion (down 27.9% YoY), and the FY2025 annual result was $992.0 million, down 37.61% from the prior year.
- Interest Expenses came in at $278.0 million for Q1 2026 at Royal Caribbean Cruises, up from $267.0 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $603.0 million in Q3 2024 to a low of $228.0 million in Q2 2025.
- The 5-year median for Interest Expenses is $302.7 million (2022), against an average of $331.0 million.
- Across the five-year window, Interest Expenses jumped 77.35% in 2024 and plunged 58.87% in 2025, its largest moves.
- Royal Caribbean Cruises' Interest Expenses stood at $431.4 million in 2022, then dropped by 19.57% to $347.0 million in 2023, then fell by 23.34% to $266.0 million in 2024, then increased by 0.38% to $267.0 million in 2025, then increased by 4.12% to $278.0 million in 2026.
- The last three Interest Expenses figures came in at $278.0 million (Q1 2026), $267.0 million (Q4 2025), and $248.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 253.00 Mn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | - |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 278.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 291.00 Mn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 111.00 Mn |
| 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 | 27.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 33.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -16.00 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 16.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 278.00 Mn |
| Mar 31, 2026 | 278.00 Mn |
| Dec 31, 2025 | 267.00 Mn |
| Dec 31, 2025 | 267.00 Mn |
| Sep 30, 2025 | 248.00 Mn |
| Sep 30, 2025 | 248.00 Mn |
| Jun 30, 2025 | 228.00 Mn |
| Jun 30, 2025 | 228.00 Mn |
| Mar 31, 2025 | 249.00 Mn |
| Mar 31, 2025 | 249.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Sep 30, 2024 | 603.00 Mn |
| Sep 30, 2024 | 603.00 Mn |
| Jun 30, 2024 | 298.00 Mn |
| Jun 30, 2024 | 298.00 Mn |
| Mar 31, 2024 | 424.00 Mn |
| Mar 31, 2024 | 424.00 Mn |
| Dec 31, 2023 | 347.00 Mn |
| Dec 31, 2023 | 347.00 Mn |