Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026)
Royal Caribbean Cruises (RCL) posted Operating Leases of $611.0 million for Q2 2026, up 2.0% sequentially from $599.0 million in Q1 2026, and down 15.49% YoY from $723.0 million in Q2 2025.
Royal Caribbean Cruises (RCL) Operating Leases (2019 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Operating Leases for 8 years, with the latest figure at $611.0 million in Q2 2026.
- Quarterly Operating Leases fell 15.49% year-over-year to $611.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $611.0 million (down 15.49% YoY) and the FY2025 annual result came in at $600.0 million, down 30.31% from the prior year.
- Operating Leases advanced to $611.0 million in Q2 2026 per RCL's latest filing, from $599.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $1.0 billion in Q4 2023 and troughed at $587.9 million in Q1 2023.
- A 5-year average of $695.2 million and a median of $643.9 million in 2022 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2024 and 2025: Operating Leases rose 19.67% in 2024, then slumped 30.31% in 2025.
- Over 5 years, Operating Leases stood at $954.0 million in 2022, then grew by 9.75% to $1.0 billion in 2023, then retreated by 17.77% to $861.0 million in 2024, then plunged by 30.31% to $600.0 million in 2025, then climbed by 1.83% to $611.0 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $611.0 million, $599.0 million, and $600.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |