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Royal Caribbean Cruises (RCL) Operating Expenses (2016 - 2025)

Royal Caribbean Cruises (RCL) has disclosed Operating Expenses for 16 consecutive years, with $630.0 million as the latest value for Q4 2025.

  • Quarterly Operating Expenses fell 6.39% to $630.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $2.2 billion through Dec 2025, up 4.56% year-over-year, with the annual reading at $2.5 billion for FY2025, 25.88% up from the prior year.
  • Operating Expenses hit $630.0 million in Q4 2025 for Royal Caribbean Cruises, up from $522.0 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.
  • Historically, Operating Expenses has averaged $488.5 million across 4 years, with a median of $466.0 million in 2024.
  • Biggest five-year swings in Operating Expenses: surged 33.8% in 2024 and later dropped 6.39% in 2025.
  • Year by year, Operating Expenses stood at $444.4 million in 2022, then rose by 13.18% to $503.0 million in 2023, then soared by 33.8% to $673.0 million in 2024, then decreased by 6.39% to $630.0 million in 2025.
  • Business Quant data shows Operating Expenses for RCL at $630.0 million in Q4 2025, $522.0 million in Q3 2025, and $508.0 million in Q2 2025.