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

Royal Caribbean Cruises (RCL) has 8 years of Operating Leases data on file, last reported at $599.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases fell 17.95% year-over-year to $599.0 million; the trailing twelve-month figure through Mar 2026 stood at $599.0 million (down 17.95% YoY), and the FY2025 full-year result was $600.0 million, down 10.45% from the prior year.
• Operating Leases was little changed at $599.0 million in Q1 2026, from $600.0 million in the prior quarter.
• In the past five years, Operating Leases ranged from a high of $954.0 million in Q4 2022 to a low of $509.5 million in Q1 2023.
• A 5-year average of $645.2 million and a median of $648.0 million in 2024 frame the typical range for Operating Leases.
• Across the five-year window, Operating Leases surged 58.04% in 2022 and slipped 28.93% in 2023, its largest moves.
• Tracing RCL's Operating Leases over 5 years: stood at $954.0 million in 2022, then dropped by 28.93% to $678.0 million in 2023, then slipped by 1.18% to $670.0 million in 2024, then slipped by 10.45% to $600.0 million in 2025, then retreated by 0.17% to $599.0 million in 2026.
• Business Quant data shows RCL's Operating Leases at $599.0 million in Q1 2026, $600.0 million in Q4 2025, and $698.0 million in Q3 2025.