Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Retained Earnings came in at -$385.0 million in Q1 2026, down 112.27% year-on-year from $3.1 billion in Q1 2025, and up 36.26% quarter-over-quarter from -$604.0 million in Q4 2025.
Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Retained Earnings across 18 years of filings, most recently posting -$385.0 million for Q1 2026.
- Retained Earnings for Q1 2026 came in at -$385.0 million, down 112.27% year-over-year; the trailing twelve-month figure through Mar 2026 was -$385.0 million (down 112.27% YoY), and the FY2025 annual result was -$604.0 million, down 123.12% from the prior year.
- Retained Earnings came in at -$385.0 million for Q1 2026 at Royal Caribbean Cruises, up from -$604.0 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $5.4 billion in Q3 2025 to a low of -$1.8 billion in Q1 2023.
- The 5-year median for Retained Earnings is -$617.0 million (2024), against an average of $390.6 million.
- Across the five-year window, Retained Earnings tumbled 313.05% in 2022 and soared 822.84% in 2025, its largest moves.
- Royal Caribbean Cruises' Retained Earnings stood at -$644.0 million in 2022, then slipped by 4.66% to -$674.0 million in 2023, then soared by 487.54% to $2.6 billion in 2024, then plunged by 123.12% to -$604.0 million in 2025, then jumped by 36.26% to -$385.0 million in 2026.
- The last three Retained Earnings figures came in at -$385.0 million (Q1 2026), -$604.0 million (Q4 2025), and $5.4 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 41.42 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | -6.40 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | -385.00 Mn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | -1.74 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -188.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -327.77 Mn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -1.41 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 2.45 Bn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 453.86 Mn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -2.79 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -385.00 Mn |
| Dec 31, 2025 | -604.00 Mn |
| Sep 30, 2025 | 5.44 Bn |
| Jun 30, 2025 | 4.14 Bn |
| Mar 31, 2025 | 3.14 Bn |
| Dec 31, 2024 | 2.61 Bn |
| Sep 30, 2024 | -753.00 Mn |
| Jun 30, 2024 | 1.20 Bn |
| Mar 31, 2024 | -617.00 Mn |
| Dec 31, 2023 | -674.00 Mn |
| Sep 30, 2023 | -644.98 Mn |
| Jun 30, 2023 | -1.30 Bn |
| Mar 31, 2023 | -1.76 Bn |
| Dec 31, 2022 | -644.00 Mn |
| Sep 30, 2022 | -792.48 Mn |
| Jun 30, 2022 | -1.24 Bn |
| Mar 31, 2022 | -494.61 Mn |
| Dec 31, 2021 | 302.28 Mn |
| Sep 30, 2021 | 1.66 Bn |
| Jun 30, 2021 | -663.96 Mn |