Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Retained Earnings of $7.2 billion for Q2 2026, up 11.25% sequentially from $6.5 billion in Q1 2026, and up 73.43% YoY from $4.1 billion in Q2 2025.
Royal Caribbean Cruises (RCL) Retained Earnings (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Retained Earnings for 18 years, with the latest figure at $7.2 billion in Q2 2026.
- Quarterly Retained Earnings rose 73.43% year-over-year to $7.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $7.2 billion (up 73.43% YoY) and the FY2025 annual result came in at $5.9 billion, up 126.84% from the prior year.
- Retained Earnings improved to $7.2 billion in Q2 2026 per RCL's latest filing, from $6.5 billion in the prior quarter.
- Over five years, Retained Earnings peaked at $7.2 billion in Q2 2026 and troughed at -$1.8 billion in Q1 2023.
- A 5-year average of $1.6 billion and a median of $293.5 million in 2024 frame the typical range for Retained Earnings.
- The sharpest annual moves came in 2022 and 2025: Retained Earnings slumped 172.76% in 2022, then jumped 608.75% in 2025.
- Over 5 years, Retained Earnings stood at -$1.7 billion in 2022, then soared by 60.52% to -$674.0 million in 2023, then surged by 487.54% to $2.6 billion in 2024, then soared by 126.84% to $5.9 billion in 2025, then increased by 21.3% to $7.2 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered $7.2 billion, $6.5 billion, and $5.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 43.05 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 14.43 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 7.19 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | -4.16 Bn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 15.64 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 2.45 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | -5.24 Bn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | -2.79 Bn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 3.29 Bn |
Historic Data
Download 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 | -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 | -1.71 Bn |
| Sep 30, 2022 | -1.21 Bn |
| Jun 30, 2022 | -1.24 Bn |
| Mar 31, 2022 | -718.61 Mn |
| Dec 31, 2021 | -710.89 Mn |
| Sep 30, 2021 | 1.66 Bn |