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

Royal Caribbean Cruises has disclosed Operating Expenses across 18 years of filings, most recently posting $582.0 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $582.0 million, up 3.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.2 billion (up 4.18% YoY), and the FY2025 annual result was $2.5 billion, up 25.88% from the prior year.
• Operating Expenses came in at $582.0 million for Q1 2026 at Royal Caribbean Cruises, down from $630.0 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.
• The 5-year median for Operating Expenses is $466.0 million (2024), against an average of $488.5 million.
• Peak annual rise in Operating Expenses reached 52.7% in 2022, while the deepest fall reached 11.64% in 2022.
• Royal Caribbean Cruises' 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 decreased by 7.62% to $582.0 million in 2026.
• The last three Operating Expenses figures came in at $582.0 million (Q1 2026), $630.0 million (Q4 2025), and $522.0 million (Q3 2025), per Business Quant data.