Royal Caribbean Cruises (RCL) Net Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Net Margin of 23.51% for Q2 2026, up 10.17% sequentially from 21.34% in Q1 2026, and down 326.0% YoY from 10.4% in Q2 2025.
Royal Caribbean Cruises (RCL) Net Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Net Margin for 18 years, with the latest figure at 23.51% in Q2 2026.
- Quarterly Net Margin fell 326.0% year-over-year to 23.51% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 22.57% (up 309.0% YoY) and the FY2025 annual result came in at 23.93%, up 636.0% from the prior year.
- Net Margin grew to 23.51% in Q2 2026 per RCL's latest filing, from 21.34% in the prior quarter.
- Over five years, Net Margin peaked at 28.35% in Q3 2025 and troughed at 107.02% in Q1 2022.
- A 5-year average of 4.05% and a median of 12.7% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2026: Net Margin jumped 257625 bps in 2022, then slumped 326 bps in 2026.
- Over 5 years, Net Margin stood at 0.01% in 2022, then soared by 86093 bps to 7.08% in 2023, then surged by 36 bps to 9.6% in 2024, then soared by 65 bps to 15.8% in 2025, then soared by 49 bps to 23.51% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 23.51%, 21.34%, and 15.8% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.99% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.07% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 20.28% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 23.51% |
| Mar 31, 2026 | 21.34% |
| Dec 31, 2025 | 15.80% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 26.77% |
| Mar 31, 2025 | 18.38% |
| Dec 31, 2024 | 9.60% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 19.59% |
| Mar 31, 2024 | 8.88% |
| Dec 31, 2023 | 7.08% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | -14.55% |
| Mar 31, 2023 | -3.53% |
| Dec 31, 2022 | 0.01% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -86.93% |
| Sep 30, 2021 | -313.53% |