Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026)
Royal Caribbean Cruises' (RCL) quarterly Total Debt came in at $19.7 billion in Q1 2026, up 1.49% year-on-year from $19.4 billion in Q1 2025, and up 7.93% quarter-over-quarter from $18.2 billion in Q4 2025.
Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has disclosed Total Debt across 18 years of filings, most recently posting $19.7 billion for Q1 2026.
- Total Debt for Q1 2026 came in at $19.7 billion, up 1.49% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.7 billion (up 1.49% YoY), and the FY2025 annual result was $18.2 billion, down 1.78% from the prior year.
- Total Debt came in at $19.7 billion for Q1 2026 at Royal Caribbean Cruises, up from $18.2 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 $18.2 billion in Q4 2025.
- The 5-year median for Total Debt is $20.4 billion (2023), against an average of $20.7 billion.
- Across the five-year window, Total Debt gained 11.95% in 2022 and slipped 15.49% in 2023, its largest moves.
- Royal Caribbean Cruises' Total Debt stood at $23.4 billion in 2022, then retreated by 15.49% to $19.8 billion in 2023, then dropped by 6.09% to $18.6 billion in 2024, then retreated by 1.78% to $18.2 billion in 2025, then advanced by 7.93% to $19.7 billion in 2026.
- The last three Total Debt figures came in at $19.7 billion (Q1 2026), $18.2 billion (Q4 2025), and $20.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 18.41 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 2.48 Bn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 19.68 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 25.29 Bn |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 4.47 Bn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 15.15 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.52 Bn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | - |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 4.34 Bn |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 1.40 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.68 Bn |
| Dec 31, 2025 | 18.23 Bn |
| Sep 30, 2025 | 20.28 Bn |
| Jun 30, 2025 | 19.01 Bn |
| Mar 31, 2025 | 19.39 Bn |
| Dec 31, 2024 | 18.56 Bn |
| Sep 30, 2024 | 20.84 Bn |
| Jun 30, 2024 | 21.12 Bn |
| Mar 31, 2024 | 20.52 Bn |
| Dec 31, 2023 | 19.77 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 | 23.33 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 |