Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026)

Royal Caribbean Cruises (RCL) reported Total Debt of $21.1 billion for Q1 2026, up 8.9% on a YoY basis from $19.4 billion in Q1 2025, and down 1.08% sequentially from $21.3 billion in Q4 2025.

Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises (RCL) has 18 years of Total Debt data on file, last reported at $21.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, Total Debt rose 8.9% year-over-year to $21.1 billion; the trailing twelve-month figure through Mar 2026 stood at $21.1 billion (up 8.9% YoY), and the FY2025 full-year result was $21.3 billion, up 6.32% from the prior year.
  • Total Debt fell to $21.1 billion in Q1 2026, from $21.3 billion in the prior quarter.
  • In the past five years, Total Debt ranged from a high of $23.4 billion in Q4 2022 to a low of $4.5 billion in Q3 2022.
  • A 5-year average of $20.0 billion and a median of $20.8 billion in 2024 frame the typical range for Total Debt.
  • Across the five-year window, Total Debt sank 78.19% in 2022 and soared 339.35% in 2023, its largest moves.
  • Tracing RCL's Total Debt over 5 years: stood at $23.4 billion in 2022, then slipped by 8.29% to $21.5 billion in 2023, then retreated by 6.41% to $20.1 billion in 2024, then gained by 6.32% to $21.3 billion in 2025, then retreated by 1.08% to $21.1 billion in 2026.
  • Business Quant data shows RCL's Total Debt at $21.1 billion in Q1 2026, $21.3 billion in Q4 2025, and $20.3 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 18.41 Bn
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 21.11 Bn
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 2.48 Bn
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn 8.39 Mn
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 5.50 Bn
6 Carnival 34.61 Bn 32.38 Bn - 24.89 Bn
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn 4.47 Bn
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 15.15 Bn
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn -
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 1.52 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 21.11 Bn
Dec 31, 2025 21.35 Bn
Sep 30, 2025 20.28 Bn
Jun 30, 2025 19.01 Bn
Mar 31, 2025 19.39 Bn
Dec 31, 2024 20.08 Bn
Sep 30, 2024 20.84 Bn
Jun 30, 2024 21.12 Bn
Mar 31, 2024 20.52 Bn
Dec 31, 2023 21.45 Bn
Sep 30, 2023 19.97 Bn
Jun 30, 2023 20.40 Bn
Mar 31, 2023 21.46 Bn
Dec 31, 2022 23.39 Bn
Sep 30, 2022 4.55 Bn
Jun 30, 2022 23.21 Bn
Mar 31, 2022 22.50 Bn
Dec 31, 2021 21.09 Bn
Sep 30, 2021 20.84 Bn
Jun 30, 2021 21.05 Bn