Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Invested Capital of $1.6 billion for Q2 2026, up 8.63% sequentially from $1.4 billion in Q1 2026, and up 12.2% YoY from $1.4 billion in Q2 2025.
Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Invested Capital for 18 years, with the latest figure at $1.6 billion in Q2 2026.
- Quarterly Invested Capital rose 12.2% year-over-year to $1.6 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $9.3 billion (up 47.95% YoY) and the FY2025 annual result came in at $3.2 billion, up 98.38% from the prior year.
- Invested Capital improved to $1.6 billion in Q2 2026 per RCL's latest filing, from $1.4 billion in the prior quarter.
- Over five years, Invested Capital peaked at $5.5 billion in Q2 2022 and troughed at $1.3 billion in Q2 2024.
- A 5-year average of $2.2 billion and a median of $1.8 billion in 2023 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2022 and 2023: Invested Capital jumped 1056.11% in 2022, then plunged 68.66% in 2023.
- Over 5 years, Invested Capital stood at $2.1 billion in 2022, then dropped by 17.62% to $1.7 billion in 2023, then fell by 6.8% to $1.6 billion in 2024, then soared by 98.38% to $3.2 billion in 2025, then plunged by 50.53% to $1.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $1.6 billion, $1.4 billion, and $3.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 2.00 Bn |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | - |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | 1.57 Bn |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | 374.61 Mn |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | - |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 1.47 Bn |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | 2.90 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 15.47 Bn |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | 1.43 Bn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 61.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.57 Bn |
| Mar 31, 2026 | 1.45 Bn |
| Dec 31, 2025 | 3.18 Bn |
| Sep 30, 2025 | 3.07 Bn |
| Jun 30, 2025 | 1.40 Bn |
| Mar 31, 2025 | 1.40 Bn |
| Dec 31, 2024 | 1.60 Bn |
| Sep 30, 2024 | 1.87 Bn |
| Jun 30, 2024 | 1.33 Bn |
| Mar 31, 2024 | 1.64 Bn |
| Dec 31, 2023 | 1.72 Bn |
| Sep 30, 2023 | 2.04 Bn |
| Jun 30, 2023 | 1.71 Bn |
| Mar 31, 2023 | 2.06 Bn |
| Dec 31, 2022 | 2.09 Bn |
| Sep 30, 2022 | 3.95 Bn |
| Jun 30, 2022 | 5.47 Bn |
| Mar 31, 2022 | 2.56 Bn |
| Dec 31, 2021 | 2.24 Bn |
| Sep 30, 2021 | 956.74 Mn |