Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026)

Royal Caribbean Cruises (RCL) reported Interest Expenses of $320.0 million for Q1 2026, up 14.7% on a YoY basis from $279.0 million in Q1 2025, and up 19.85% sequentially from $267.0 million in Q4 2025.

Royal Caribbean Cruises (RCL) Interest Expenses (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises (RCL) has 18 years of Interest Expenses data on file, last reported at $320.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Interest Expenses rose 14.7% year-over-year to $320.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (down 22.96% YoY), and the FY2025 full-year result was $992.0 million, down 37.61% from the prior year.
  • Interest Expenses rose to $320.0 million in Q1 2026, from $267.0 million in the prior quarter.
  • In the past five years, Interest Expenses ranged from a high of $1.3 billion in Q2 2023 to a low of $248.0 million in Q3 2025.
  • A 5-year average of $424.1 million and a median of $340.0 million in 2023 frame the typical range for Interest Expenses.
  • Across the five-year window, Interest Expenses jumped 327.4% in 2023 and sank 76.97% in 2024, its largest moves.
  • Tracing RCL's Interest Expenses over 5 years: stood at $431.4 million in 2022, then slipped by 19.57% to $347.0 million in 2023, then declined by 23.34% to $266.0 million in 2024, then grew by 0.38% to $267.0 million in 2025, then gained by 19.85% to $320.0 million in 2026.
  • Business Quant data shows RCL's Interest Expenses at $320.0 million in Q1 2026, $267.0 million in Q4 2025, and $248.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 272.00 Mn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 320.00 Mn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 166.00 Mn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -471,000.00
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn -84.94 Mn
6 Carnival 34.61 Bn 32.38 Bn - 681.00 Mn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 198.00 Mn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 4.05 Mn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 16.59 Mn
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 27.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 320.00 Mn
Mar 31, 2026 320.00 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 771.00 Mn
Jun 30, 2025 771.00 Mn
Mar 31, 2025 279.00 Mn
Mar 31, 2025 279.00 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