Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026)
Royal Caribbean Cruises (RCL) posted Total Debt of $22.8 billion for Q2 2026, up 8.16% sequentially from $21.1 billion in Q1 2026, and up 20.1% YoY from $19.0 billion in Q2 2025.
Royal Caribbean Cruises (RCL) Total Debt (2009 - 2026) Analysis & Trends
Royal Caribbean Cruises has reported Total Debt for 18 years, with the latest figure at $22.8 billion in Q2 2026.
- Quarterly Total Debt rose 20.1% year-over-year to $22.8 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $22.8 billion (up 20.1% YoY) and the FY2025 annual result came in at $21.3 billion, up 6.32% from the prior year.
- Total Debt grew to $22.8 billion in Q2 2026 per RCL's latest filing, from $21.1 billion in the prior quarter.
- Over five years, Total Debt peaked at $23.4 billion in Q4 2022 and troughed at $4.5 billion in Q3 2022.
- A 5-year average of $20.2 billion and a median of $21.0 billion in 2024 frame the typical range for Total Debt.
- The sharpest annual moves came in 2022 and 2023: Total Debt tumbled 78.19% in 2022, then surged 339.35% in 2023.
- Over 5 years, Total Debt stood at $23.4 billion in 2022, then fell by 8.29% to $21.5 billion in 2023, then dropped by 6.41% to $20.1 billion in 2024, then grew by 6.32% to $21.3 billion in 2025, then gained by 6.99% to $22.8 billion in 2026.
- According to Business Quant data, Total Debt over the past three periods registered $22.8 billion, $21.1 billion, and $21.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 20.18 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 2.48 Bn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 22.84 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 5.50 Bn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 24.89 Bn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 5.46 Bn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 4.45 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 15.03 Bn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 1.43 Bn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.57 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.84 Bn |
| 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 |