Royal Caribbean Cruises (RCL) Minority Interest (2018 - 2026)
Royal Caribbean Cruises (RCL) recorded Minority Interest of $225 million in Q2 2026, up 17.8% from $191 million a year earlier and up 3.2% 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.
- The Q2 2026 figure is the highest quarterly Minority Interest since Q2 2020.
- On a year-over-year basis, Minority Interest has increased for six consecutive quarters, with growth averaging 10.5% 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 $218 million (Q1 2026), $208 million (Q4 2025) and $196 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 103.13 Bn | 101.17 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 78.47 Bn | 74.92 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 75.63 Bn | 72.99 Bn | 2.29 Bn |
| 4 | Viking Holdings | 37.26 Bn | 22.38 Bn | 996.62 Mn |
| 5 | Carnival | 36.04 Bn | 29.22 Bn | - |
| 6 | Intercontinental Hotels | 26.07 Bn | 22.04 Bn | - |
| 7 | Trip.com | 26.03 Bn | -18.97 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 16.23 Bn | 13.39 Bn | 388.00 Mn |
| 9 | H World | 14.27 Bn | 5.68 Bn | 453.94 Mn |
| 10 | Norwegian Cruise Line Holdings | 6.99 Bn | 6.22 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Mar 31, 2019 | 549.65 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();