Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026)
Royal Caribbean Cruises (RCL) posted Operating Leases of $611 million for Q2 2026, down 4.4% from $639 million a year earlier but up 2.0% from the prior quarter.
Powered by 
Analysis
Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Royal Caribbean Cruises' Operating Leases came in at $600 million, down 10.4% from FY2024.
- Annual Operating Leases shows a five-year compound annual growth rate of 1.2% (FY2020 to FY2025).
- In prior years, Royal Caribbean Cruises' Operating Leases was $670 million in FY2024 (+9.3%), $613 million in FY2023 (+17.2%), $523 million in FY2022 (-2.2%) and $534.73 million in FY2021 (-5.2%).
- Quarterly Operating Leases has run from a low of $509.53 million in Q1 2023 to a high of $670 million in Q4 2024 over five years.
- On a year-over-year basis, Operating Leases has declined in each of the last four quarters, with growth averaging 2.8% over the last eight quarters.
- The strongest year-over-year quarter for Operating Leases in the past five years was Q3 2024, with growth of 25.3%; the weakest was Q4 2025, with a decline of 10.4%.
- According to Business Quant data, Operating Leases for the three prior quarters was $599 million (Q1 2026), $600 million (Q4 2025) and $613 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 611.00 Mn |
| Mar 31, 2026 | 599.00 Mn |
| Dec 31, 2025 | 600.00 Mn |
| Sep 30, 2025 | 613.00 Mn |
| Jun 30, 2025 | 639.00 Mn |
| Mar 31, 2025 | 655.00 Mn |
| Dec 31, 2024 | 670.00 Mn |
| Sep 30, 2024 | 648.00 Mn |
| Jun 30, 2024 | 591.00 Mn |
| Mar 31, 2024 | 603.00 Mn |
| Dec 31, 2023 | 613.00 Mn |
| Sep 30, 2023 | 517.34 Mn |
| Jun 30, 2023 | 537.64 Mn |
| Mar 31, 2023 | 509.53 Mn |
| Dec 31, 2022 | 523.00 Mn |
| Sep 30, 2022 | 542.58 Mn |
| Jun 30, 2022 | 561.16 Mn |
| Mar 31, 2022 | 523.92 Mn |
| Dec 31, 2021 | 534.73 Mn |
| Sep 30, 2021 | 549.10 Mn |
API Access
Royal Caribbean Cruises Operating Leases 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-leases&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();