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
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 | 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 |