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

Royal Caribbean Cruises' (RCL) quarterly Operating Income came in at $1.2 billion in Q1 2026, up 22.96% year-on-year from $945.0 million in Q1 2025, and up 24.54% quarter-over-quarter from $933.0 million in Q4 2025.

Royal Caribbean Cruises (RCL) Operating Income (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Operating Income across 18 years of filings, most recently posting $1.2 billion for Q1 2026.

  • Operating Income for Q1 2026 came in at $1.2 billion, up 22.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $5.1 billion (up 19.15% YoY), and the FY2025 annual result was $4.9 billion, up 19.58% from the prior year.
  • Operating Income came in at $1.2 billion for Q1 2026 at Royal Caribbean Cruises, up from $933.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $1.7 billion in Q3 2025 to a low of -$859.2 million in Q1 2022.
  • The 5-year median for Operating Income is $771.0 million (2023), against an average of $722.9 million.
  • Across the five-year window, Operating Income slipped 6.18% in 2022 and jumped 4145.18% in 2023, its largest moves.
  • Royal Caribbean Cruises' Operating Income stood at $13.4 million in 2022, then surged by 4145.18% to $570.0 million in 2023, then advanced by 9.47% to $624.0 million in 2024, then soared by 49.52% to $933.0 million in 2025, then rose by 24.54% to $1.2 billion in 2026.
  • The last three Operating Income figures came in at $1.2 billion (Q1 2026), $933.0 million (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 1.27 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 86.00 Mn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 1.16 Bn
4 Carnival 37.80 Bn 36.39 Bn - 607.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 251.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 232.94 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 159.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 364.00 Mn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 40.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.16 Bn
Dec 31, 2025 933.00 Mn
Sep 30, 2025 1.70 Bn
Jun 30, 2025 1.33 Bn
Mar 31, 2025 945.00 Mn
Dec 31, 2024 624.00 Mn
Sep 30, 2024 1.63 Bn
Jun 30, 2024 1.10 Bn
Mar 31, 2024 750.00 Mn
Dec 31, 2023 570.00 Mn
Sep 30, 2023 1.27 Bn
Jun 30, 2023 771.00 Mn
Mar 31, 2023 272.00 Mn
Dec 31, 2022 13.43 Mn
Sep 30, 2022 298.43 Mn
Jun 30, 2022 -218.64 Mn
Mar 31, 2022 -859.21 Mn
Dec 31, 2021 -1.03 Bn
Sep 30, 2021 -1.01 Bn
Jun 30, 2021 -1.02 Bn