Royal Caribbean Cruises RCL
NYSE RCL
$264.53 -0.66 (-0.25%)
As of: Sep 8, 2026 · 3:59 PM EDT

Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026)

Royal Caribbean Cruises' (RCL) quarterly Operating Leases came in at $611.0 million in Q2 2026, down 15.49% year-over-year from $723.0 million in Q2 2025, and up 2.0% quarter-over-quarter from $599.0 million in Q1 2026.

Analysis

Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed Operating Leases across 8 years of filings, most recently posting $611.0 million for Q2 2026.

  • In Q2 2026, Operating Leases fell 15.49% year-over-year to $611.0 million; the TTM figure through Jun 2026 stood at $611.0 million (down 15.49% YoY), while the FY2025 annual figure was $600.0 million, down 30.31% from the prior year.
  • Operating Leases came in at $611.0 million for Q2 2026 at Royal Caribbean Cruises, up from $599.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $1.0 billion in Q4 2023 to a low of $587.9 million in Q1 2023.
  • Average Operating Leases over 5 years is $695.2 million, with a median of $643.9 million recorded in 2022.
  • Year-over-year, Operating Leases increased 19.67% in 2024 and sank 30.31% in 2025.
  • Over 5 years, Operating Leases stood at $954.0 million in 2022, then advanced by 9.75% to $1.0 billion in 2023, then declined by 17.77% to $861.0 million in 2024, then slumped by 30.31% to $600.0 million in 2025, then gained by 1.83% to $611.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $611.0 million in Q2 2026, $599.0 million in Q1 2026, and $600.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn
3 Carnival 32.12 Bn 29.88 Bn -
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 611.00 Mn
Mar 31, 2026 599.00 Mn
Dec 31, 2025 600.00 Mn
Sep 30, 2025 698.00 Mn
Jun 30, 2025 723.00 Mn
Mar 31, 2025 730.00 Mn
Dec 31, 2024 861.00 Mn
Sep 30, 2024 716.00 Mn
Jun 30, 2024 655.00 Mn
Mar 31, 2024 666.00 Mn
Dec 31, 2023 1.05 Bn
Sep 30, 2023 598.32 Mn
Jun 30, 2023 619.44 Mn
Mar 31, 2023 587.92 Mn
Dec 31, 2022 954.00 Mn
Sep 30, 2022 617.76 Mn
Jun 30, 2022 632.81 Mn
Mar 31, 2022 598.16 Mn
Dec 31, 2021 1.08 Bn
Sep 30, 2021 620.44 Mn