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ROYAL CARIBBEAN CRUISES LTD.

EDGAR

RCL Current report (8-K) · filed 2026-10-27

Annual consolidated revenue for 2025: about USD 17.94B, using the latest reported figures. The previous period, 2024, was about USD 16.48B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

5.59 billion USD

2026 Q3 · USD

Exact inputs and evidence

Revenue: 5591000000 USD Source

Operating margin

33.46%

2026 Q3 · %

Exact inputs and evidence

Operating Income: 1871000000 USD Source
Revenue: 5591000000 USD Source

Operating cash flow

1.58 billion USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 5274000000 USD Source
Operating Cash Flow: 3694000000 USD Source

Free cash flow

937 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating Cash Flow: 5274000000 USD Source
Operating Cash Flow: 3694000000 USD Source
Capital Expenditure: 3880000000 USD Source
Capital Expenditure: 3237000000 USD Source

Cash and cash equivalents: 851 million USD 2026-09-30 Source
Exact value

851000000 USD
Long-term debt including current maturities: 6.2 billion USD 2020-09-30 Source
Exact value

6200000000 USD
Shares outstanding: Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

19.1 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Revenue: 17935000000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 13676000000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 4452000000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 4832000000 USD · 2026-04-01 – 2026-06-30 Source
Revenue: 5591000000 USD · 2026-07-01 – 2026-09-30 Source

Net income

4.55 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Net income: 4268000000 USD · 2025-01-01 – 2025-12-31 Source
Net income: 3514000000 USD · 2025-01-01 – 2025-09-30 Source
Net income: 941000000 USD · 2026-01-01 – 2026-03-31 Source
Net income: 1128000000 USD · 2026-04-01 – 2026-06-30 Source
Net income: 1728000000 USD · 2026-07-01 – 2026-09-30 Source

Operating cash flow

6.9 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 6465000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 4842000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 1834000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 3694000000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 1834000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 5274000000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 3694000000 USD · 2026-01-01 – 2026-06-30 Source

Capital expenditure

5.39 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Capital expenditure: 5229000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 3722000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 500000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3237000000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 500000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3880000000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 3237000000 USD · 2026-01-01 – 2026-06-30 Source

Free cash flow

1.51 billion USD

2025-10-01 – 2026-09-30

Exact inputs and evidence

Operating cash flow: 6465000000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: 4842000000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: 1834000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 3694000000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: 1834000000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: 5274000000 USD · 2026-01-01 – 2026-09-30 Source
Operating cash flow: 3694000000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 5229000000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 3722000000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 500000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3237000000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 500000000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 3880000000 USD · 2026-01-01 – 2026-09-30 Source
Capital expenditure: 3237000000 USD · 2026-01-01 – 2026-06-30 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 9 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+8.8%

Prior period

USD 16.48 billion

2024-01-01 – 2024-12-31
Current period

USD 17.94 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

17935000000 − 16484000000 = 1451000000 USD

16484000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
17935000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Year-over-year change in Revenue: 1451000000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 17935000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1911862 Filing: 000088488726000007 Input fundies:Revenue: 16484000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1912854 Filing: 000088488726000007
The citation records this snapshot. The page link may show a newer release later.
Net income
+48.3%

Prior period

USD 2.88 billion

2024-01-01 – 2024-12-31
Current period

USD 4.27 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

4268000000 − 2877000000 = 1391000000 USD

2877000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
4268000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Year-over-year change in Net income: 1391000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 4268000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1815436 Filing: 000088488726000007 Input fundies:NetIncome: 2877000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1774281 Filing: 000088488726000007
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+22.8%

Prior period

USD 5.27 billion

2024-01-01 – 2024-12-31
Current period

USD 6.47 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

6465000000 − 5265000000 = 1200000000 USD

5265000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
6465000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Year-over-year change in Operating cash flow: 1200000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 6465000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1630381 Filing: 000088488726000007 Input fundies:OperatingCashFlow: 5265000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1631027 Filing: 000088488726000007
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+60%

Prior period

USD 3.27 billion

2024-01-01 – 2024-12-31
Current period

USD 5.23 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

5229000000 − 3268000000 = 1961000000 USD

3268000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
5229000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Year-over-year change in Capital expenditure: 1961000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 5229000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633087 Filing: 000088488726000007 Input fundies:CapitalExpenditure: 3268000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633677 Filing: 000088488726000007
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 17.94 billion 100% of revenue
Operating costs Derived USD 13.03 billion 73% of revenue
Operating income USD 4.91 billion 27% of revenue
Tax, interest and other Derived USD 642 million 3.6% of revenue
Net income USD 4.27 billion 24% of revenue

Cash

Operating cash flow USD 6.47 billion 36% of revenue
Capital expenditure USD 5.23 billion 29% of revenue
Free cash flow Derived USD 1.24 billion 6.9% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 15%83%
2017 19%80%
2018 19%80%
2019 17%81%
2020 Operating loss: operating costs were 308% of revenue.
2021 Operating loss: operating costs were 353% of revenue.
2022 Operating loss: operating costs were 109% of revenue.
2023 12%79%
2024 17%75%
2025 24%73%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	8496401000	7019196000 Derived	1477205000	193817000 Derived	1283388000	22327000 Derived	Source 2016-01-01 – 2016-12-31: 8496401000 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 1477205000 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 1283388000 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 2516690000 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 2494363000 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	8777845000	7033789000 Derived	1744056000	118923000 Derived	1625133000	2310428000 Derived	Source 2017-01-01 – 2017-12-31: 8777845000 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 1744056000 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 1625133000 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 2874566000 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 564138000 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	9493849000	7599048000 Derived	1894801000	83759000 Derived	1811042000	-180889000 Derived	Source 2018-01-01 – 2018-12-31: 9493849000 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 1894801000 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 1811042000 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 3479139000 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 3660028000 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	10950661000	8867960000 Derived	2082701000	203814000 Derived	1878887000	691703000 Derived	Source 2019-01-01 – 2019-12-31: 10950661000 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 2082701000 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 1878887000 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 3716366000 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 3024663000 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	2208805000	6810362000 Derived	-4601557000	1195905000 Derived	-5797462000	-5696784000 Derived	Source 2020-01-01 – 2020-12-31: 2208805000 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -4601557000 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -5797462000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: -3731653000 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 1965131000 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	1532000000	5402000000 Derived	-3870000000	1390000000 Derived	-5260000000	-4108000000 Derived	Source 2021-01-01 – 2021-12-31: 1532000000 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: -3870000000 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -5260000000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: -1878000000 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 2230000000 USD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	8840000000	9606000000 Derived	-766000000	1390000000 Derived	-2156000000	-2229000000 Derived	Source 2022-01-01 – 2022-12-31: 8840000000 USD Inspect Revenue Open source 2022-01-01 – 2022-12-31: -766000000 USD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: -2156000000 USD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 481000000 USD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 2710000000 USD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	13900000000	11022000000 Derived	2878000000	1181000000 Derived	1697000000	580000000 Derived	Source 2023-01-01 – 2023-12-31: 13900000000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 2878000000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 1697000000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 4477000000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 3897000000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	16484000000	12378000000 Derived	4106000000	1229000000 Derived	2877000000	1997000000 Derived	Source 2024-01-01 – 2024-12-31: 16484000000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 4106000000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 2877000000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 5265000000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 3268000000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	17935000000	13025000000 Derived	4910000000	642000000 Derived	4268000000	1236000000 Derived	Source 2025-01-01 – 2025-12-31: 17935000000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 4910000000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 4268000000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 6465000000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 5229000000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 17.9B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Revenue	8496401000	Revenue: 8496401000 Open source
20172017-12-31	Revenue	8777845000	Revenue: 8777845000 Open source
20182018-12-31	Revenue	9493849000	Revenue: 9493849000 Open source
20192019-12-31	Revenue	10950661000	Revenue: 10950661000 Open source
20202020-12-31	Revenue	2208805000	Revenue: 2208805000 Open source
20212021-12-31	Revenue	1532000000	Revenue: 1532000000 Open source
20222022-12-31	Revenue	8840000000	Revenue: 8840000000 Open source
20232023-12-31	Revenue	13900000000	Revenue: 13900000000 Open source
20242024-12-31	Revenue	16484000000	Revenue: 16484000000 Open source
20252025-12-31	Revenue	17935000000	Revenue: 17935000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

8.8% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	2.4%	Revenue: 8496401000 Open source Revenue: 8299074000 Open source
20172017-12-31	Year over year	3.3%	Revenue: 8777845000 Open source Revenue: 8496401000 Open source
20182018-12-31	Year over year	8.2%	Revenue: 9493849000 Open source Revenue: 8777845000 Open source
20192019-12-31	Year over year	15.3%	Revenue: 10950661000 Open source Revenue: 9493849000 Open source
20202020-12-31	Year over year	-79.8%	Revenue: 2208805000 Open source Revenue: 10950661000 Open source
20212021-12-31	Year over year	-30.6%	Revenue: 1532000000 Open source Revenue: 2208805000 Open source
20222022-12-31	Year over year	477%	Revenue: 8840000000 Open source Revenue: 1532000000 Open source
20232023-12-31	Year over year	57.2%	Revenue: 13900000000 Open source Revenue: 8840000000 Open source
20242024-12-31	Year over year	18.6%	Revenue: 16484000000 Open source Revenue: 13900000000 Open source
20252025-12-31	Year over year	8.8%	Revenue: 17935000000 Open source Revenue: 16484000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 27.4% 2025

Net margin 23.8% 2025

Free cash flow margin 6.9% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	17.4%	Operating Income: 1477205000 Open source Revenue: 8496401000 Open source
20172017-12-31	Operating margin	19.9%	Operating Income: 1744056000 Open source Revenue: 8777845000 Open source
20182018-12-31	Operating margin	20%	Operating Income: 1894801000 Open source Revenue: 9493849000 Open source
20192019-12-31	Operating margin	19%	Operating Income: 2082701000 Open source Revenue: 10950661000 Open source
20202020-12-31	Operating margin	-208.3%	Operating Income: -4601557000 Open source Revenue: 2208805000 Open source
20212021-12-31	Operating margin	-252.6%	Operating Income: -3870000000 Open source Revenue: 1532000000 Open source
20222022-12-31	Operating margin	-8.7%	Operating Income: -766000000 Open source Revenue: 8840000000 Open source
20232023-12-31	Operating margin	20.7%	Operating Income: 2878000000 Open source Revenue: 13900000000 Open source
20242024-12-31	Operating margin	24.9%	Operating Income: 4106000000 Open source Revenue: 16484000000 Open source
20252025-12-31	Operating margin	27.4%	Operating Income: 4910000000 Open source Revenue: 17935000000 Open source
20162016-12-31	Net margin	15.1%	Net Income: 1283388000 Open source Revenue: 8496401000 Open source
20172017-12-31	Net margin	18.5%	Net Income: 1625133000 Open source Revenue: 8777845000 Open source
20182018-12-31	Net margin	19.1%	Net Income: 1811042000 Open source Revenue: 9493849000 Open source
20192019-12-31	Net margin	17.2%	Net Income: 1878887000 Open source Revenue: 10950661000 Open source
20202020-12-31	Net margin	-262.5%	Net Income: -5797462000 Open source Revenue: 2208805000 Open source
20212021-12-31	Net margin	-343.3%	Net Income: -5260000000 Open source Revenue: 1532000000 Open source
20222022-12-31	Net margin	-24.4%	Net Income: -2156000000 Open source Revenue: 8840000000 Open source
20232023-12-31	Net margin	12.2%	Net Income: 1697000000 Open source Revenue: 13900000000 Open source
20242024-12-31	Net margin	17.5%	Net Income: 2877000000 Open source Revenue: 16484000000 Open source
20252025-12-31	Net margin	23.8%	Net Income: 4268000000 Open source Revenue: 17935000000 Open source
20162016-12-31	Free cash flow margin	0.3%	Revenue: 8496401000 Open source Operating Cash Flow: 2516690000 Open source Capital Expenditure: 2494363000 Open source
20172017-12-31	Free cash flow margin	26.3%	Revenue: 8777845000 Open source Operating Cash Flow: 2874566000 Open source Capital Expenditure: 564138000 Open source
20182018-12-31	Free cash flow margin	-1.9%	Revenue: 9493849000 Open source Operating Cash Flow: 3479139000 Open source Capital Expenditure: 3660028000 Open source
20192019-12-31	Free cash flow margin	6.3%	Revenue: 10950661000 Open source Operating Cash Flow: 3716366000 Open source Capital Expenditure: 3024663000 Open source
20202020-12-31	Free cash flow margin	-257.9%	Revenue: 2208805000 Open source Operating Cash Flow: -3731653000 Open source Capital Expenditure: 1965131000 Open source
20212021-12-31	Free cash flow margin	-268.1%	Revenue: 1532000000 Open source Operating Cash Flow: -1878000000 Open source Capital Expenditure: 2230000000 Open source
20222022-12-31	Free cash flow margin	-25.2%	Revenue: 8840000000 Open source Operating Cash Flow: 481000000 Open source Capital Expenditure: 2710000000 Open source
20232023-12-31	Free cash flow margin	4.2%	Revenue: 13900000000 Open source Operating Cash Flow: 4477000000 Open source Capital Expenditure: 3897000000 Open source
20242024-12-31	Free cash flow margin	12.1%	Revenue: 16484000000 Open source Operating Cash Flow: 5265000000 Open source Capital Expenditure: 3268000000 Open source
20252025-12-31	Free cash flow margin	6.9%	Revenue: 17935000000 Open source Operating Cash Flow: 6465000000 Open source Capital Expenditure: 5229000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 6.5B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Operating cash flow	2516690000	Operating Cash Flow: 2516690000 Open source
20172017-12-31	Operating cash flow	2874566000	Operating Cash Flow: 2874566000 Open source
20182018-12-31	Operating cash flow	3479139000	Operating Cash Flow: 3479139000 Open source
20192019-12-31	Operating cash flow	3716366000	Operating Cash Flow: 3716366000 Open source
20202020-12-31	Operating cash flow	-3731653000	Operating Cash Flow: -3731653000 Open source
20212021-12-31	Operating cash flow	-1878000000	Operating Cash Flow: -1878000000 Open source
20222022-12-31	Operating cash flow	481000000	Operating Cash Flow: 481000000 Open source
20232023-12-31	Operating cash flow	4477000000	Operating Cash Flow: 4477000000 Open source
20242024-12-31	Operating cash flow	5265000000	Operating Cash Flow: 5265000000 Open source
20252025-12-31	Operating cash flow	6465000000	Operating Cash Flow: 6465000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.2B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20162016-12-31	Free cash flow	22327000	Operating Cash Flow: 2516690000 Open source Capital Expenditure: 2494363000 Open source
20172017-12-31	Free cash flow	2310428000	Operating Cash Flow: 2874566000 Open source Capital Expenditure: 564138000 Open source
20182018-12-31	Free cash flow	-180889000	Operating Cash Flow: 3479139000 Open source Capital Expenditure: 3660028000 Open source
20192019-12-31	Free cash flow	691703000	Operating Cash Flow: 3716366000 Open source Capital Expenditure: 3024663000 Open source
20202020-12-31	Free cash flow	-5696784000	Operating Cash Flow: -3731653000 Open source Capital Expenditure: 1965131000 Open source
20212021-12-31	Free cash flow	-4108000000	Operating Cash Flow: -1878000000 Open source Capital Expenditure: 2230000000 Open source
20222022-12-31	Free cash flow	-2229000000	Operating Cash Flow: 481000000 Open source Capital Expenditure: 2710000000 Open source
20232023-12-31	Free cash flow	580000000	Operating Cash Flow: 4477000000 Open source Capital Expenditure: 3897000000 Open source
20242024-12-31	Free cash flow	1997000000	Operating Cash Flow: 5265000000 Open source Capital Expenditure: 3268000000 Open source
20252025-12-31	Free cash flow	1236000000	Operating Cash Flow: 6465000000 Open source Capital Expenditure: 5229000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

75.4% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 22310324000 Open source
20172017-12-31	Liabilities / assets	52.1%	Total Liabilities: 11658623000 Open source Total Assets: 22360926000 Open source
20182018-12-31	Liabilities / assets	57.9%	Total Liabilities: 16050789000 Open source Total Assets: 27698270000 Open source
20192019-12-31	Liabilities / assets	58%	Total Liabilities: 17586457000 Open source Total Assets: 30320284000 Open source
20202020-12-31	Liabilities / assets	73%	Total Liabilities: 23704518000 Open source Total Assets: 32465187000 Open source
20212021-12-31	Liabilities / assets	84.2%	Total Liabilities: 27172799000 Open source Total Assets: 32258355000 Open source
20222022-12-31	Liabilities / assets	91.5%	Total Liabilities: 30907000000 Open source Total Assets: 33776000000 Open source
20232023-12-31	Liabilities / assets	86.1%	Total Liabilities: 30232000000 Open source Total Assets: 35131000000 Open source
20242024-12-31	Liabilities / assets	79.1%	Total Liabilities: 29335000000 Open source Total Assets: 37070000000 Open source
20252025-12-31	Liabilities / assets	75.4%	Total Liabilities: 31374000000 Open source Total Assets: 41619000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.18× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	0.17×	Current Assets: 748305000 Open source Current Liabilities: 4441601000 Open source
20172017-12-31	Current assets / current liabilities	0.19×	Current Assets: 907637000 Open source Current Liabilities: 4854873000 Open source
20182018-12-31	Current assets / current liabilities	0.17×	Current Assets: 1242044000 Open source Current Liabilities: 7112165000 Open source
20192019-12-31	Current assets / current liabilities	0.15×	Current Assets: 1162628000 Open source Current Liabilities: 7952896000 Open source
20202020-12-31	Current assets / current liabilities	0.95×	Current Assets: 4311747000 Open source Current Liabilities: 4537121000 Open source
20212021-12-31	Current assets / current liabilities	0.49×	Current Assets: 3600271000 Open source Current Liabilities: 7285683000 Open source
20222022-12-31	Current assets / current liabilities	0.37×	Current Assets: 3205000000 Open source Current Liabilities: 8573000000 Open source
20232023-12-31	Current assets / current liabilities	0.19×	Current Assets: 1792000000 Open source Current Liabilities: 9401000000 Open source
20242024-12-31	Current assets / current liabilities	0.17×	Current Assets: 1705000000 Open source Current Liabilities: 9817000000 Open source
20252025-12-31	Current assets / current liabilities	0.18×	Current Assets: 2211000000 Open source Current Liabilities: 12055000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	USD 1.28 billion Exact value Exact value: 1283388000 USD 2016-01-01 – 2016-12-31: 1283388000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2016-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 1283388000 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1283388000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488719000017/rcl-20181231.xml#718894 Filing: 000088488719000017 The citation records this snapshot. The page link may show a newer release later.	USD 2.52 billion Exact value Exact value: 2516690000 USD 2016-01-01 – 2016-12-31: 2516690000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2016-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 2516690000 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2516690000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488719000017/rcl-20181231.xml#717866 Filing: 000088488719000017 The citation records this snapshot. The page link may show a newer release later.	USD 2.49 billion Exact value Exact value: 2494363000 USD 2016-01-01 – 2016-12-31: 2494363000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2016-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 2494363000 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2494363000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488719000017/rcl-20181231.xml#762375 Filing: 000088488719000017 The citation records this snapshot. The page link may show a newer release later.	USD 22.33 million Calculation and evidence 2516690000 − 2494363000 USD Exact free cash flow: 22327000 USD 2016-01-01 – 2016-12-31: 2516690000 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 2494363000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2016-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 22327000 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2516690000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488719000017/rcl-20181231.xml#717866 Filing: 000088488719000017 Input fundies:CapitalExpenditure: 2494363000 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488719000017/rcl-20181231.xml#762375 Filing: 000088488719000017 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 1.63 billion Exact value Exact value: 1625133000 USD 2017-01-01 – 2017-12-31: 1625133000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2017-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 1625133000 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1625133000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488720000009/rcl-20191231.htm#4118279 Filing: 000088488720000009 The citation records this snapshot. The page link may show a newer release later.	USD 2.87 billion Exact value Exact value: 2874566000 USD 2017-01-01 – 2017-12-31: 2874566000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2017-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 2874566000 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 2874566000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488720000009/rcl-20191231.htm#2648205 Filing: 000088488720000009 The citation records this snapshot. The page link may show a newer release later.	USD 564.14 million Exact value Exact value: 564138000 USD 2017-01-01 – 2017-12-31: 564138000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2017-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 564138000 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 564138000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488720000009/rcl-20191231.htm#2653437 Filing: 000088488720000009 The citation records this snapshot. The page link may show a newer release later.	USD 2.31 billion Calculation and evidence 2874566000 − 564138000 USD Exact free cash flow: 2310428000 USD 2017-01-01 – 2017-12-31: 2874566000 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 564138000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2017-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 2310428000 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 2874566000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488720000009/rcl-20191231.htm#2648205 Filing: 000088488720000009 Input fundies:CapitalExpenditure: 564138000 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488720000009/rcl-20191231.htm#2653437 Filing: 000088488720000009 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 1.81 billion Exact value Exact value: 1811042000 USD 2018-01-01 – 2018-12-31: 1811042000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2018-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 1811042000 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1811042000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488721000006/rcl-20201231.htm#3499739 Filing: 000088488721000006 The citation records this snapshot. The page link may show a newer release later.	USD 3.48 billion Exact value Exact value: 3479139000 USD 2018-01-01 – 2018-12-31: 3479139000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2018-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 3479139000 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3479139000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488721000006/rcl-20201231.htm#2187839 Filing: 000088488721000006 The citation records this snapshot. The page link may show a newer release later.	USD 3.66 billion Exact value Exact value: 3660028000 USD 2018-01-01 – 2018-12-31: 3660028000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2018-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 3660028000 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3660028000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488721000006/rcl-20201231.htm#2191899 Filing: 000088488721000006 The citation records this snapshot. The page link may show a newer release later.	−USD 180.89 million Calculation and evidence 3479139000 − 3660028000 USD Exact free cash flow: -180889000 USD 2018-01-01 – 2018-12-31: 3479139000 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 3660028000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2018-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: -180889000 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3479139000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488721000006/rcl-20201231.htm#2187839 Filing: 000088488721000006 Input fundies:CapitalExpenditure: 3660028000 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488721000006/rcl-20201231.htm#2191899 Filing: 000088488721000006 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 1.88 billion Exact value Exact value: 1878887000 USD 2019-01-01 – 2019-12-31: 1878887000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2019-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 1878887000 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1878887000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488722000008/rcl-20211231.htm#3430099 Filing: 000088488722000008 The citation records this snapshot. The page link may show a newer release later.	USD 3.72 billion Exact value Exact value: 3716366000 USD 2019-01-01 – 2019-12-31: 3716366000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2019-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 3716366000 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 3716366000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488722000008/rcl-20211231.htm#2167013 Filing: 000088488722000008 The citation records this snapshot. The page link may show a newer release later.	USD 3.02 billion Exact value Exact value: 3024663000 USD 2019-01-01 – 2019-12-31: 3024663000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2019-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 3024663000 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3024663000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488722000008/rcl-20211231.htm#2171015 Filing: 000088488722000008 The citation records this snapshot. The page link may show a newer release later.	USD 691.7 million Calculation and evidence 3716366000 − 3024663000 USD Exact free cash flow: 691703000 USD 2019-01-01 – 2019-12-31: 3716366000 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 3024663000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2019-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 691703000 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 3716366000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488722000008/rcl-20211231.htm#2167013 Filing: 000088488722000008 Input fundies:CapitalExpenditure: 3024663000 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488722000008/rcl-20211231.htm#2171015 Filing: 000088488722000008 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 5.8 billion Exact value Exact value: -5797462000 USD 2020-01-01 – 2020-12-31: -5797462000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2020-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: -5797462000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -5797462000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488723000006/rcl-20221231.htm#2147097 Filing: 000088488723000006 The citation records this snapshot. The page link may show a newer release later.	−USD 3.73 billion Exact value Exact value: -3731653000 USD 2020-01-01 – 2020-12-31: -3731653000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2020-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: -3731653000 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3731653000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488723000006/rcl-20221231.htm#1980952 Filing: 000088488723000006 The citation records this snapshot. The page link may show a newer release later.	USD 1.97 billion Exact value Exact value: 1965131000 USD 2020-01-01 – 2020-12-31: 1965131000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2020-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 1965131000 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 1965131000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488723000006/rcl-20221231.htm#1984792 Filing: 000088488723000006 The citation records this snapshot. The page link may show a newer release later.	−USD 5.7 billion Calculation and evidence -3731653000 − 1965131000 USD Exact free cash flow: -5696784000 USD 2020-01-01 – 2020-12-31: -3731653000 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 1965131000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2020-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: -5696784000 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3731653000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488723000006/rcl-20221231.htm#1980952 Filing: 000088488723000006 Input fundies:CapitalExpenditure: 1965131000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488723000006/rcl-20221231.htm#1984792 Filing: 000088488723000006 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−USD 5.26 billion Exact value Exact value: -5260000000 USD 2021-01-01 – 2021-12-31: -5260000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2021-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: -5260000000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -5260000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488724000075/rcl-20231231.htm#1951499 Filing: 000088488724000075 The citation records this snapshot. The page link may show a newer release later.	−USD 1.88 billion Exact value Exact value: -1878000000 USD 2021-01-01 – 2021-12-31: -1878000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2021-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: -1878000000 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1878000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488724000075/rcl-20231231.htm#1851162 Filing: 000088488724000075 The citation records this snapshot. The page link may show a newer release later.	USD 2.23 billion Exact value Exact value: 2230000000 USD 2021-01-01 – 2021-12-31: 2230000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2021-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 2230000000 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2230000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488724000075/rcl-20231231.htm#1853788 Filing: 000088488724000075 The citation records this snapshot. The page link may show a newer release later.	−USD 4.11 billion Calculation and evidence -1878000000 − 2230000000 USD Exact free cash flow: -4108000000 USD 2021-01-01 – 2021-12-31: -1878000000 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 2230000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2021-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: -4108000000 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1878000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488724000075/rcl-20231231.htm#1851162 Filing: 000088488724000075 Input fundies:CapitalExpenditure: 2230000000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488724000075/rcl-20231231.htm#1853788 Filing: 000088488724000075 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	−USD 2.16 billion Exact value Exact value: -2156000000 USD 2022-01-01 – 2022-12-31: -2156000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2022-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: -2156000000 USD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:NetIncome: -2156000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488725000050/rcl-20241231.htm#1730558 Filing: 000088488725000050 The citation records this snapshot. The page link may show a newer release later.	USD 481 million Exact value Exact value: 481000000 USD 2022-01-01 – 2022-12-31: 481000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2022-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 481000000 USD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 481000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488725000050/rcl-20241231.htm#1633724 Filing: 000088488725000050 The citation records this snapshot. The page link may show a newer release later.	USD 2.71 billion Exact value Exact value: 2710000000 USD 2022-01-01 – 2022-12-31: 2710000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2022-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 2710000000 USD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2710000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488725000050/rcl-20241231.htm#1636315 Filing: 000088488725000050 The citation records this snapshot. The page link may show a newer release later.	−USD 2.23 billion Calculation and evidence 481000000 − 2710000000 USD Exact free cash flow: -2229000000 USD 2022-01-01 – 2022-12-31: 481000000 USD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 2710000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2022-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: -2229000000 USD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 481000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488725000050/rcl-20241231.htm#1633724 Filing: 000088488725000050 Input fundies:CapitalExpenditure: 2710000000 USD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488725000050/rcl-20241231.htm#1636315 Filing: 000088488725000050 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	USD 1.7 billion Exact value Exact value: 1697000000 USD 2023-01-01 – 2023-12-31: 1697000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2023-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 1697000000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: 1697000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1733106 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 4.48 billion Exact value Exact value: 4477000000 USD 2023-01-01 – 2023-12-31: 4477000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2023-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 4477000000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 4477000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1631674 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 3.9 billion Exact value Exact value: 3897000000 USD 2023-01-01 – 2023-12-31: 3897000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2023-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 3897000000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3897000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1634268 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 580 million Calculation and evidence 4477000000 − 3897000000 USD Exact free cash flow: 580000000 USD 2023-01-01 – 2023-12-31: 4477000000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 3897000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2023-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 580000000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 4477000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1631674 Filing: 000088488726000007 Input fundies:CapitalExpenditure: 3897000000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1634268 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	USD 2.88 billion Exact value Exact value: 2877000000 USD 2024-01-01 – 2024-12-31: 2877000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2024-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 2877000000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: 2877000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1774281 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 5.27 billion Exact value Exact value: 5265000000 USD 2024-01-01 – 2024-12-31: 5265000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2024-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 5265000000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 5265000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1631027 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 3.27 billion Exact value Exact value: 3268000000 USD 2024-01-01 – 2024-12-31: 3268000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2024-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 3268000000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 3268000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633677 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 2 billion Calculation and evidence 5265000000 − 3268000000 USD Exact free cash flow: 1997000000 USD 2024-01-01 – 2024-12-31: 5265000000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 3268000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2024-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 1997000000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5265000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1631027 Filing: 000088488726000007 Input fundies:CapitalExpenditure: 3268000000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633677 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	USD 4.27 billion Exact value Exact value: 4268000000 USD 2025-01-01 – 2025-12-31: 4268000000 USD Inspect Net Income Open source Share or cite Citation for Net Income · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Net Income: 4268000000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: 4268000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1815436 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 6.47 billion Exact value Exact value: 6465000000 USD 2025-01-01 – 2025-12-31: 6465000000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Operating Cash Flow: 6465000000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 6465000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1630381 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 5.23 billion Exact value Exact value: 5229000000 USD 2025-01-01 – 2025-12-31: 5229000000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Capital Expenditure: 5229000000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 5229000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633087 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.	USD 1.24 billion Calculation and evidence 6465000000 − 5229000000 USD Exact free cash flow: 1236000000 USD 2025-01-01 – 2025-12-31: 6465000000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 5229000000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · ROYAL CARIBBEAN CRUISES LTD. · 2025-12-31 ROYAL CARIBBEAN CRUISES LTD. (edgar:884887) Free cash flow: 1236000000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T18:39:58Z Snapshot: 6d1bbb98deab80b40a538703d34d9cc30456096df7432c0abbf374a043a17791 Dimensions: Consolidated View: https://fundies.io/companies/edgar/884887?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6465000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1630381 Filing: 000088488726000007 Input fundies:CapitalExpenditure: 5229000000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/884887/000088488726000007/rcl-20251231.htm#1633087 Filing: 000088488726000007 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

101 filings · 5,423 latest values · 5,423 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000884887, 884887, RCL, edgar:884887

Also known as ROYAL CARIBBEAN CRUISES LTD, ROYAL CARIBBEAN CRUISES LTD.

ROYAL CARIBBEAN CRUISES LTD.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation