Royal Caribbean Cruises (RCL) Non-Current Debt (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Non-Current Debt came in at $19.7 billion in Q1 2026, up 9.3% year-on-year from $18.0 billion in Q1 2025, and up 8.26% quarter-over-quarter from $18.2 billion in Q4 2025.

Royal Caribbean Cruises (RCL) Non-Current Debt (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Non-Current Debt across 18 years of filings, most recently posting $19.7 billion for Q1 2026.

  • Non-Current Debt for Q1 2026 came in at $19.7 billion, up 9.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.7 billion (up 9.3% YoY), and the FY2025 annual result was $18.2 billion, down 1.67% from the prior year.
  • Non-Current Debt came in at $19.7 billion for Q1 2026 at Royal Caribbean Cruises, up from $18.2 billion in the prior quarter.
  • In the past five years, Non-Current Debt ranged from a high of $21.3 billion in Q4 2022 to a low of $17.2 billion in Q3 2025.
  • The 5-year median for Non-Current Debt is $18.9 billion (2024), against an average of $18.9 billion.
  • Peak annual rise in Non-Current Debt reached 13.03% in 2022, while the deepest fall reached 11.61% in 2022.
  • Royal Caribbean Cruises' Non-Current Debt stood at $21.3 billion in 2022, then retreated by 7.37% to $19.7 billion in 2023, then retreated by 6.38% to $18.5 billion in 2024, then retreated by 1.67% to $18.2 billion in 2025, then rose by 8.26% to $19.7 billion in 2026.
  • The last three Non-Current Debt figures came in at $19.7 billion (Q1 2026), $18.2 billion (Q4 2025), and $17.2 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 15.40 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 2.48 Bn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 19.67 Bn
4 Carnival 37.80 Bn 36.39 Bn - 23.79 Bn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 4.47 Bn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 13.98 Bn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 1.46 Bn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn -
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 1.61 Bn
10 MakeMyTrip 2.12 Bn 1.35 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 19.67 Bn
Mar 31, 2026 19.67 Bn
Dec 31, 2025 18.17 Bn
Dec 31, 2025 18.17 Bn
Sep 30, 2025 17.20 Bn
Sep 30, 2025 17.20 Bn
Jun 30, 2025 17.61 Bn
Jun 30, 2025 17.61 Bn
Mar 31, 2025 17.99 Bn
Mar 31, 2025 17.99 Bn
Dec 31, 2024 18.47 Bn
Dec 31, 2024 18.47 Bn
Sep 30, 2024 18.97 Bn
Sep 30, 2024 18.97 Bn
Jun 30, 2024 19.79 Bn
Jun 30, 2024 19.79 Bn
Mar 31, 2024 18.88 Bn
Mar 31, 2024 18.88 Bn
Dec 31, 2023 19.73 Bn
Dec 31, 2023 19.73 Bn