Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Invested Capital came in at $9.8 billion in Q1 2026, up 2.98% year-on-year from $9.5 billion in Q1 2025, and down 4.75% quarter-over-quarter from $10.3 billion in Q4 2025.

Royal Caribbean Cruises (RCL) Invested Capital (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Invested Capital across 18 years of filings, most recently posting $9.8 billion for Q1 2026.

  • Invested Capital for Q1 2026 came in at $9.8 billion, up 2.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.8 billion (up 2.98% YoY), and the FY2025 annual result was $10.3 billion, up 31.78% from the prior year.
  • Invested Capital came in at $9.8 billion for Q1 2026 at Royal Caribbean Cruises, down from $10.3 billion in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $13.2 billion in Q3 2025 to a low of $3.8 billion in Q3 2022.
  • The 5-year median for Invested Capital is $7.0 billion (2024), against an average of $7.3 billion.
  • Across the five-year window, Invested Capital tumbled 70.02% in 2022 and jumped 74.49% in 2023, its largest moves.
  • Royal Caribbean Cruises' Invested Capital stood at $5.0 billion in 2022, then decreased by 0.46% to $4.9 billion in 2023, then surged by 58.59% to $7.8 billion in 2024, then soared by 31.78% to $10.3 billion in 2025, then slipped by 4.75% to $9.8 billion in 2026.
  • The last three Invested Capital figures came in at $9.8 billion (Q1 2026), $10.3 billion (Q4 2025), and $13.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 8.18 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 10.11 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 9.82 Bn
4 Carnival 37.80 Bn 36.39 Bn - 39.05 Bn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 6.31 Bn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 18.04 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.13 Bn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 2.63 Bn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 24.09 Bn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 1.40 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.82 Bn
Dec 31, 2025 10.31 Bn
Sep 30, 2025 13.17 Bn
Jun 30, 2025 10.76 Bn
Mar 31, 2025 9.54 Bn
Dec 31, 2024 7.83 Bn
Sep 30, 2024 9.09 Bn
Jun 30, 2024 7.51 Bn
Mar 31, 2024 6.97 Bn
Dec 31, 2023 4.93 Bn
Sep 30, 2023 6.64 Bn
Jun 30, 2023 5.26 Bn
Mar 31, 2023 5.08 Bn
Dec 31, 2022 4.96 Bn
Sep 30, 2022 3.81 Bn
Jun 30, 2022 4.05 Bn
Mar 31, 2022 4.64 Bn
Dec 31, 2021 5.74 Bn
Sep 30, 2021 7.13 Bn
Jun 30, 2021 8.53 Bn