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
DateValue
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