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

Royal Caribbean Cruises' Operating Expenses history spans 15 years, with the latest figure at $630.0 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 6.39% year-over-year to $630.0 million; the TTM value through Dec 2025 reached $2.2 billion, up 4.61%, while the annual FY2025 figure was $2.5 billion, 25.88% up from the prior year.
  • Operating Expenses for Q4 2025 was $630.0 million at Royal Caribbean Cruises, up from $522.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $673.0 million in Q4 2024 and bottomed at $373.1 million in Q3 2022.
  • The 4-year median for Operating Expenses is $484.6 million (2023), against an average of $497.0 million.
  • The largest annual shift saw Operating Expenses skyrocketed 33.72% in 2024 before it fell 6.39% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $444.4 million in 2022, then rose by 13.24% to $503.3 million in 2023, then surged by 33.72% to $673.0 million in 2024, then dropped by 6.39% to $630.0 million in 2025.
  • Per Business Quant, the three most recent readings for RCL's Operating Expenses are $630.0 million (Q4 2025), $522.0 million (Q3 2025), and $509.0 million (Q2 2025).