Royal Caribbean Cruises (RCL) Operating Expenses (2009 - 2026)

Royal Caribbean Cruises has disclosed Operating Expenses across 18 years of filings, most recently posting $513.0 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 0.98% year-over-year to $513.0 million; the TTM figure through Jun 2026 stood at $2.2 billion (up 2.42% YoY), while the FY2025 annual figure was $2.5 billion, up 25.88% from the prior year.
• Operating Expenses came in at $513.0 million for Q2 2026 at Royal Caribbean Cruises, down from $582.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $673.0 million in Q4 2024 to a low of $371.4 million in Q2 2022.
• Average Operating Expenses over 5 years is $489.8 million, with a median of $484.5 million recorded in 2023.
• The largest YoY upside for Operating Expenses was 52.7% in 2022 against a maximum downside of 11.64% in 2022.
• Over 5 years, Operating Expenses stood at $444.4 million in 2022, then gained by 13.18% to $503.0 million in 2023, then jumped by 33.8% to $673.0 million in 2024, then fell by 6.39% to $630.0 million in 2025, then fell by 18.57% to $513.0 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $513.0 million in Q2 2026, $582.0 million in Q1 2026, and $630.0 million in Q4 2025.