Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026)
Royal Caribbean Cruises (RCL) reported Retained Earnings of $7.19 billion for Q2 2026, up 73.4% from $4.14 billion a year earlier and up 11.3% from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Royal Caribbean Cruises posted Retained Earnings of $5.93 billion, up 126.8% from FY2024.
- Retained Earnings has a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- By year, Retained Earnings came in at $2.61 billion in FY2024, -$10 million in FY2023, -$1.71 billion in FY2022 and $302.28 million in FY2021 (-94.6%).
- The Q2 2026 figure ranks as the highest quarterly Retained Earnings since Q2 2020.
- Year over year, Retained Earnings has now increased in each of the last six quarters, with growth averaging 249.0% over the last six quarters.
- The high point for year-over-year Retained Earnings in five years was Q1 2025 (growth of 796.9%); the low point was Q4 2021 (a decline of 94.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.46 billion (Q1 2026), $5.93 billion (Q4 2025) and $5.44 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 19.46 Bn |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | -710.00 Mn |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 7.19 Bn |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | - |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 5.00 Bn |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | - |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 3.48 Bn |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 462.00 Mn |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 400.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.19 Bn |
| Mar 31, 2026 | 6.46 Bn |
| Dec 31, 2025 | 5.93 Bn |
| 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 | 2.21 Bn |
| Jun 30, 2024 | 1.20 Bn |
| Mar 31, 2024 | 350.00 Mn |
| Dec 31, 2023 | -10.00 Mn |
| Sep 30, 2023 | -287.50 Mn |
| Jun 30, 2023 | -1.30 Bn |
| Mar 31, 2023 | -1.76 Bn |
| Dec 31, 2022 | -1.71 Bn |
| Sep 30, 2022 | -1.21 Bn |
| Jun 30, 2022 | -1.24 Bn |
| Mar 31, 2022 | -718.61 Mn |
| Dec 31, 2021 | 302.28 Mn |
| Sep 30, 2021 | 1.66 Bn |
API Access
Royal Caribbean Cruises Retained Earnings API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=retained-earnings&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=retained-earnings&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();