Royal Caribbean Cruises (RCL) Long-Term Debt Issuances (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Long-Term Debt Issuances came in at $2.8 billion in Q1 2026, up 484.79% year-on-year from $480.0 million in Q1 2025, and up 86.02% quarter-over-quarter from $1.5 billion in Q4 2025.

Royal Caribbean Cruises (RCL) Long-Term Debt Issuances (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Long-Term Debt Issuances across 18 years of filings, most recently posting $2.8 billion for Q1 2026.

  • Long-Term Debt Issuances for Q1 2026 came in at $2.8 billion, up 484.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $7.0 billion (down 18.81% YoY), and the FY2025 annual result was $4.7 billion, down 54.73% from the prior year.
  • Long-Term Debt Issuances came in at $2.8 billion for Q1 2026 at Royal Caribbean Cruises, up from $1.5 billion in the prior quarter.
  • In the past five years, Long-Term Debt Issuances ranged from a high of $5.8 billion in Q4 2023 to a low of $250.0 million in Q2 2025.
  • The 5-year median for Long-Term Debt Issuances is $2.2 billion (2024), against an average of $2.1 billion.
  • Across the five-year window, Long-Term Debt Issuances surged 696.31% in 2022 and plunged 90.08% in 2025, its largest moves.
  • Royal Caribbean Cruises' Long-Term Debt Issuances stood at $2.6 billion in 2022, then soared by 126.13% to $5.8 billion in 2023, then tumbled by 83.54% to $960.0 million in 2024, then surged by 57.19% to $1.5 billion in 2025, then surged by 86.02% to $2.8 billion in 2026.
  • The last three Long-Term Debt Issuances figures came in at $2.8 billion (Q1 2026), $1.5 billion (Q4 2025), and $2.4 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Long-Term Debt Issuances (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn -
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 2.48 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 2.81 Bn
4 Carnival 37.80 Bn 36.39 Bn - -
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn -
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 1.26 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 132.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 536.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn -
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.81 Bn
Mar 31, 2026 2.81 Bn
Dec 31, 2025 1.51 Bn
Dec 31, 2025 1.51 Bn
Sep 30, 2025 2.43 Bn
Sep 30, 2025 2.43 Bn
Jun 30, 2025 250.00 Mn
Jun 30, 2025 250.00 Mn
Mar 31, 2025 480.00 Mn
Mar 31, 2025 480.00 Mn
Dec 31, 2024 960.00 Mn
Dec 31, 2024 960.00 Mn
Sep 30, 2024 4.66 Bn
Sep 30, 2024 4.66 Bn
Jun 30, 2024 2.52 Bn
Jun 30, 2024 2.52 Bn
Mar 31, 2024 2.18 Bn
Mar 31, 2024 2.18 Bn
Dec 31, 2023 5.83 Bn
Dec 31, 2023 5.83 Bn