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
DateValue
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