Royal Caribbean Cruises (RCL) Operating Income (2009 - 2026)
Royal Caribbean Cruises' Operating Income was $1.87 billion in Q3 2026, up 9.9% from $1.7 billion a year earlier and up 43.2% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Operating Income (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Royal Caribbean Cruises' Operating Income was $5.27 billion through Sep 30, 2026, up 14.6% year-over-year; for FY2025, it came in at $4.91 billion, up 19.6% from FY2024.
- In earlier years, Operating Income was $4.11 billion in FY2024 (+42.7%), $2.88 billion in FY2023, -$766 million in FY2022 and -$3.87 billion in FY2021.
- The Q3 2026 figure marks the highest quarterly Operating Income in data going back to Q1 2009.
- Compared with a year earlier, Operating Income was higher in seven of the last eight quarters, with growth averaging 17.7%.
- The best year-over-year quarter for Operating Income over five years was Q3 2023 (growth of 323.9%); the worst was Q2 2026 (a decline of 1.7%).
- Per Business Quant data, RCL's Operating Income in the three quarters before Q3 2026 was $1.31 billion (Q2 2026), $1.16 billion (Q1 2026) and $933 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 1.27 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 1.87 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 909.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 2.22 Bn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 643.90 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | -216.00 Mn |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -1.16 Bn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 326.00 Mn |
| 10 | U-Haul Holding | 11.03 Bn | 6.68 Bn | 1.75 Bn | 265.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.87 Bn |
| Jun 30, 2026 | 1.31 Bn |
| 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 |
API Access
Royal Caribbean Cruises Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();