Royal Caribbean Cruises (RCL) Operating Margin (2009 - 2026)

Royal Caribbean Cruises has disclosed Operating Margin across 18 years of filings, most recently posting 27.05% for Q2 2026.

• In Q2 2026, Operating Margin fell 224.0% year-over-year to 27.05%; the TTM figure through Jun 2026 stood at 27.32% (up 95.0% YoY), while the FY2025 annual figure was 27.38%, up 247.0% from the prior year.
• Operating Margin came in at 27.05% for Q2 2026 at Royal Caribbean Cruises, up from 26.1% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 33.44% in Q3 2024 to a low of 81.12% in Q1 2022.
• Average Operating Margin over 5 years is 14.23%, with a median of 21.9% recorded in 2023.
• Year-over-year, Operating Margin surged 200031 bps in 2022 and slumped 224 bps in 2026.
• Over 5 years, Operating Margin stood at 0.52% in 2022, then jumped by 3218 bps to 17.11% in 2023, then dropped by 3 bps to 16.6% in 2024, then jumped by 32 bps to 21.91% in 2025, then gained by 23 bps to 27.05% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 27.05% in Q2 2026, 26.1% in Q1 2026, and 21.91% in Q4 2025.