RCL financials
Royal Caribbean Cruises Ltd. · end-of-day data as of Oct 16, 2026
Royal Caribbean Cruises Ltd.
$277.68-4.8%
Buy · 30 analystsPT $348.85 +25.6%
RCL reported revenue of $4.83B for the quarter ended Jun 30, 2026 (Q2 FY2026), up 6.5% from a year earlier. It posted diluted EPS of $4.20, free cash flow of -$877M and a net margin of 23.3%.
Valuation
- P/E17.2x
- P/E vs own-9.8%
- P/E vs sector-11.9%
- FCF yield-0.6%
- Market cap$74.25B
Quarterly results
Q2 FY2026: Revenue +6.5% year over year, free cash flow -18.1% of revenue, operating margin 27.0%.
RevenueFree cash flow
| Q2 FY2026 | Jun 30, 2026 | $4.83B | 4.20 | -$877M | 47.3% | 27.0% | 23.3% |
| Q1 FY2026 | Mar 31, 2026 | $4.45B | 3.48 | $1.33B | 49.5% | 26.1% | 21.1% |
| Q4 FY2025 | Dec 31, 2025 | $4.26B | 2.76 | $116M | 36.7% | 21.9% | 17.7% |
| Q3 FY2025 | Sep 30, 2025 | $5.14B | 5.74 | -$989M | 51.8% | 33.1% | 30.7% |
| Q2 FY2025 | Jun 30, 2025 | $4.54B | 4.41 | $910M | 49.7% | 29.3% | 26.7% |
| Q1 FY2025 | Mar 31, 2025 | $4B | 2.70 | $1.2B | 48.0% | 23.6% | 18.3% |
| Q4 FY2024 | Dec 31, 2024 | $3.76B | 2.00 | $915M | 45.4% | 16.6% | 14.7% |
| Q3 FY2024 | Sep 30, 2024 | $4.89B | 4.21 | $563M | 51.1% | 33.4% | 22.7% |
| Q2 FY2024 | Jun 30, 2024 | $4.11B | 3.11 | -$567M | 47.6% | 26.7% | 20.8% |
| Q1 FY2024 | Mar 31, 2024 | $3.73B | 1.35 | $1.09B | 44.8% | 20.1% | 9.7% |
| Q4 FY2023 | Dec 31, 2023 | $3.33B | 1.06 | -$1.45B | 43.3% | 17.1% | 8.3% |
| Q3 FY2023 | Sep 30, 2023 | $4.16B | 3.65 | $378M | 48.6% | 30.4% | 24.3% |