Royal Caribbean Cruises (RCL) Net Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) reported Net Margin of 21.34% for Q1 2026, up 296.0% on a YoY basis from 5.39% in Q1 2025, and up 35.04% sequentially from 15.8% in Q4 2025.
Royal Caribbean Cruises (RCL) Net Margin (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises (RCL) has 18 years of Net Margin data on file, last reported at 21.34% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 296.0% year-over-year to 21.34%; the trailing twelve-month figure through Mar 2026 stood at 19.85% (up 233.0% YoY), and the FY2025 full-year result was 23.93%, up 636.0% from the prior year.
- Net Margin advanced to 21.34% in Q1 2026, 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.
- A 5-year average of 1.14% and a median of 9.6% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 257625 bps in 2022 and tumbled 703 bps in 2025, its largest moves.
- Tracing RCL's Net Margin over 5 years: stood at 15.51% in 2022, then jumped by 144 bps to 6.81% in 2023, then jumped by 41 bps to 9.6% in 2024, then soared by 65 bps to 15.8% in 2025, then jumped by 35 bps to 21.34% in 2026.
- Business Quant data shows RCL's Net Margin at 21.34% in Q1 2026, 15.8% in Q4 2025, and 28.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 19.58% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.34% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 5.97% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.25% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.99% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.07% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -0.35% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.49% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 9.69% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.34% |
| Dec 31, 2025 | 15.80% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 12.56% |
| 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 | 6.81% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | -14.55% |
| Mar 31, 2023 | -3.53% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -171.97% |
| Sep 30, 2021 | -313.53% |
| Jun 30, 2021 | -2,599.83% |