Royal Caribbean Cruises (RCL) Minority Interest (2018 - 2026)
Royal Caribbean Cruises (RCL) recorded Minority Interest of $200 million in Q3 2026, up 2.0% from $196 million a year earlier but down 11.1% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Minority Interest (2018 - 2026) Analysis & Trends
At the end of FY2025, Royal Caribbean Cruises reported Minority Interest of $208 million, up 20.9% from FY2024.
- Across earlier years, Minority Interest came in at $172 million in FY2024 (-1.7%) and $175 million in FY2023.
- Quarterly Minority Interest has ranged from $172 million in Q4 2024 to $225 million in Q2 2026 over the past five years.
- On a year-over-year basis, Minority Interest has increased for seven consecutive quarters, with growth averaging 10.3% over the last eight quarters.
- Peak year-over-year performance for Minority Interest in the last five years was growth of 20.9% in Q4 2025, against a decline of 1.9% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $225 million (Q2 2026), $218 million (Q1 2026) and $208 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 109.42 Bn | 107.69 Bn | 1.54 Bn |
| 2 | Royal Caribbean Cruises | 90.27 Bn | 87.21 Bn | 2.88 Bn |
| 3 | Hilton Worldwide Holdings | 83.50 Bn | 80.23 Bn | 3.05 Bn |
| 4 | Carnival | 41.84 Bn | 35.03 Bn | - |
| 5 | Viking Holdings | 38.38 Bn | 23.50 Bn | 996.62 Mn |
| 6 | Trip.com | 28.99 Bn | -16.04 Bn | 1.84 Bn |
| 7 | Intercontinental Hotels | 27.91 Bn | 23.88 Bn | - |
| 8 | Hyatt Hotels | 17.36 Bn | 14.77 Bn | 384.00 Mn |
| 9 | H World | 15.46 Bn | 6.86 Bn | 456.00 Mn |
| 10 | U-Haul Holding | 11.14 Bn | 6.79 Bn | 1.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 200.00 Mn |
| Jun 30, 2026 | 225.00 Mn |
| Mar 31, 2026 | 218.00 Mn |
| Dec 31, 2025 | 208.00 Mn |
| Sep 30, 2025 | 196.00 Mn |
| Jun 30, 2025 | 191.00 Mn |
| Mar 31, 2025 | 182.00 Mn |
| Dec 31, 2024 | 172.00 Mn |
| Sep 30, 2024 | 179.00 Mn |
| Jun 30, 2024 | 174.00 Mn |
| Mar 31, 2024 | 174.00 Mn |
| Dec 31, 2023 | 175.00 Mn |
| Sep 30, 2023 | 173.21 Mn |
| Jun 30, 2023 | 177.43 Mn |
| Mar 31, 2023 | 173.80 Mn |
| Jun 30, 2020 | 584.87 Mn |
| Mar 31, 2020 | 577.43 Mn |
| Dec 31, 2019 | 569.98 Mn |
| Sep 30, 2019 | 563.39 Mn |
| Jun 30, 2019 | 556.77 Mn |
API Access
Royal Caribbean Cruises Minority Interest 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=minority-interest&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "minority-interest", "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=minority-interest&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();