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Royal Caribbean Cruises (RCL) Operating Margin (2016 - 2025)

Royal Caribbean Cruises (RCL) has disclosed Operating Margin for 16 consecutive years, with 21.91% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 531.0% to 21.91% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 27.37% through Dec 2025, up 246.0% year-over-year, with the annual reading at 27.38% for FY2025, 247.0% up from the prior year.
  • Operating Margin hit 21.91% in Q4 2025 for Royal Caribbean Cruises, down from 33.12% 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 10.01% in Q2 2022.
  • Historically, Operating Margin has averaged 18.94% across 4 years, with a median of 21.88% in 2023.
  • Biggest five-year swings in Operating Margin: soared 3189bps in 2023 and later tumbled -52bps in 2024.
  • Year by year, Operating Margin stood at 0.52% in 2022, then soared by 3218bps to 17.11% in 2023, then fell by -3bps to 16.6% in 2024, then soared by 32bps to 21.91% in 2025.
  • Business Quant data shows Operating Margin for RCL at 21.91% in Q4 2025, 33.12% in Q3 2025, and 29.29% in Q2 2025.