Royal Caribbean Cruises (RCL) Long-Term Debt Issuances (2009 - 2026)
Royal Caribbean Cruises' Long-Term Debt Issuances was $2.91 billion in Q2 2026, compared with $250 million a year earlier and up 3.6% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Long-Term Debt Issuances (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' Long-Term Debt Issuances was $9.66 billion through Jun 30, 2026, up 52.1% year-over-year; for FY2025, it was $4.67 billion, down 54.7% from FY2024.
- Long-Term Debt Issuances shows a five-year compound annual growth rate of -19.2% (FY2020 to FY2025).
- In earlier years, Long-Term Debt Issuances was $10.32 billion in FY2024 (+35.0%), $7.64 billion in FY2023 (-21.9%), $9.79 billion in FY2022 (+119.0%) and $4.47 billion in FY2021 (-67.0%).
- The Q2 2026 figure marks the highest quarterly Long-Term Debt Issuances since Q3 2024.
- Compared with a year earlier, Long-Term Debt Issuances was higher in three of the last seven quarters, with growth averaging 131.3%.
- The best year-over-year quarter for Long-Term Debt Issuances over five years was Q4 2022 (growth of 696.3%); the worst was Q2 2025 (a decline of 90.1%).
- Per Business Quant data, RCL's Long-Term Debt Issuances in the three quarters before Q2 2026 was $2.81 billion (Q1 2026), $1.51 billion (Q4 2025) and $2.43 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | LT Debt Issuance (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 92.75 Bn | 90.79 Bn | 1.55 Bn | - |
| 2 | Hilton Worldwide Holdings | 71.81 Bn | 68.29 Bn | 3.08 Bn | - |
| 3 | Royal Caribbean Cruises | 71.17 Bn | 68.75 Bn | 2.29 Bn | 2.91 Bn |
| 4 | Viking Holdings | 35.31 Bn | 20.44 Bn | 996.62 Mn | 463.97 Mn |
| 5 | Carnival | 33.05 Bn | 26.25 Bn | - | - |
| 6 | Intercontinental Hotels | 26.49 Bn | 22.05 Bn | - | - |
| 7 | Trip.com | 25.40 Bn | -20.15 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 14.95 Bn | 12.43 Bn | 388.00 Mn | - |
| 9 | H World | 13.15 Bn | 4.07 Bn | - | 247.00 Mn |
| 10 | Atour Lifestyle Holdings | 8.17 Bn | 4.86 Bn | 493.22 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.91 Bn |
| Mar 31, 2026 | 2.81 Bn |
| Dec 31, 2025 | 1.51 Bn |
| Sep 30, 2025 | 2.43 Bn |
| Jun 30, 2025 | 250.00 Mn |
| Mar 31, 2025 | 480.00 Mn |
| Dec 31, 2024 | 960.00 Mn |
| Sep 30, 2024 | 4.66 Bn |
| Jun 30, 2024 | 2.52 Bn |
| Mar 31, 2024 | 2.18 Bn |
| Dec 31, 2023 | 5.83 Bn |
| Sep 30, 2023 | 600.00 Mn |
| Jun 30, 2023 | 503.00 Mn |
| Mar 31, 2023 | 705.00 Mn |
| Dec 31, 2022 | 2.58 Bn |
| Sep 30, 2022 | 3.38 Bn |
| Jun 30, 2022 | 1.48 Bn |
| Mar 31, 2022 | 2.35 Bn |
| Dec 31, 2021 | 323.92 Mn |
| Sep 30, 2021 | 1.00 Bn |
API Access
Royal Caribbean Cruises Long-Term Debt Issuances API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=long-term-debt-issuances&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-debt-issuances", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=long-term-debt-issuances&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();