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
DateValue
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