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

Royal Caribbean Cruises has disclosed Operating Leases across 8 years of filings, most recently posting $599.0 million for Q1 2026.

• Operating Leases for Q1 2026 came in at $599.0 million, down 17.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $599.0 million (down 17.95% YoY), and the FY2025 annual result was $600.0 million, down 10.45% from the prior year.
• Operating Leases came in at $599.0 million for Q1 2026 at Royal Caribbean Cruises, roughly flat from $600.0 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 $517.3 million in Q3 2023.
• The 5-year median for Operating Leases is $639.0 million (2025), against an average of $666.7 million.
• Across the five-year window, Operating Leases surged 58.04% in 2022 and sank 36.01% in 2024, its largest moves.
• Royal Caribbean Cruises' Operating Leases stood at $954.0 million in 2022, then advanced by 9.75% to $1.0 billion in 2023, then tumbled by 36.01% to $670.0 million in 2024, then dropped by 10.45% to $600.0 million in 2025, then decreased by 0.17% to $599.0 million in 2026.
• The last three Operating Leases figures came in at $599.0 million (Q1 2026), $600.0 million (Q4 2025), and $698.0 million (Q3 2025), per Business Quant data.