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

Royal Caribbean Cruises' Operating Leases history spans 8 years, with the latest figure at $599.0 million for Q1 2026.

  • On a quarterly basis, Operating Leases fell 17.95% to $599.0 million in Q1 2026 year-over-year; TTM through Mar 2026 was $599.0 million, a 17.95% decrease, with the full-year FY2025 number at $600.0 million, down 10.45% from a year prior.
  • Operating Leases hit $599.0 million in Q1 2026 for Royal Caribbean Cruises, roughly flat from $600.0 million in the prior quarter.
  • Over the last five years, Operating Leases for RCL hit a ceiling of $1.0 billion in Q4 2023 and a floor of $517.3 million in Q3 2023.
  • Historically, Operating Leases has averaged $666.7 million across 5 years, with a median of $639.0 million in 2025.
  • Biggest five-year swings in Operating Leases: skyrocketed 58.04% in 2022 and later tumbled 36.01% in 2024.
  • Tracing RCL's Operating Leases over 5 years: stood at $954.0 million in 2022, then rose by 9.75% to $1.0 billion in 2023, then tumbled by 36.01% to $670.0 million in 2024, then decreased by 10.45% to $600.0 million in 2025, then fell by 0.17% to $599.0 million in 2026.
  • Business Quant data shows Operating Leases for RCL at $599.0 million in Q1 2026, $600.0 million in Q4 2025, and $698.0 million in Q3 2025.