Growth Metrics

Royal Caribbean Cruises (RCL) Operating Expenses (2016 - 2026)

Royal Caribbean Cruises' Operating Expenses history spans 18 years, with the latest figure at $582.0 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 3.56% to $582.0 million in Q1 2026 year-over-year; TTM through Mar 2026 was $2.2 billion, a 4.18% increase, with the full-year FY2025 number at $2.5 billion, up 25.88% from a year prior.
  • Operating Expenses hit $582.0 million in Q1 2026 for Royal Caribbean Cruises, down from $630.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for RCL hit a ceiling of $673.0 million in Q4 2024 and a floor of $371.4 million in Q2 2022.
  • Historically, Operating Expenses has averaged $488.5 million across 5 years, with a median of $466.0 million in 2024.
  • The widest YoY moves for Operating Expenses: up 52.7% in 2022, down 11.64% in 2022.
  • Tracing RCL's Operating Expenses over 5 years: stood at $444.4 million in 2022, then increased by 13.18% to $503.0 million in 2023, then surged by 33.8% to $673.0 million in 2024, then dropped by 6.39% to $630.0 million in 2025, then fell by 7.62% to $582.0 million in 2026.
  • Business Quant data shows Operating Expenses for RCL at $582.0 million in Q1 2026, $630.0 million in Q4 2025, and $522.0 million in Q3 2025.