Royal Caribbean Cruises (RCL) Net Margin (2009 - 2026)

Royal Caribbean Cruises has disclosed Net Margin across 18 years of filings, most recently posting 21.34% for Q1 2026.

• Net Margin for Q1 2026 came in at 21.34%, up 296.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.8% (up 528.0% YoY), and the FY2025 annual result was 23.93%, up 636.0% from the prior year.
• Net Margin came in at 21.34% for Q1 2026 at Royal Caribbean Cruises, up from 15.8% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 28.35% in Q3 2025 to a low of 107.02% in Q1 2022.
• The 5-year median for Net Margin is 12.09% (2023), against an average of 3.47%.
• Across the five-year window, Net Margin surged 257625 bps in 2022 and tumbled 122 bps in 2024, its largest moves.
• Royal Caribbean Cruises' Net Margin stood at 15.51% in 2022, then surged by 144 bps to 6.81% in 2023, then surged by 41 bps to 9.6% in 2024, then jumped by 65 bps to 15.8% in 2025, then surged by 35 bps to 21.34% in 2026.
• The last three Net Margin figures came in at 21.34% (Q1 2026), 15.8% (Q4 2025), and 28.35% (Q3 2025), per Business Quant data.