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| Date | Value |
|---|---|
| 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 |