Royal Caribbean Cruises Ltd. (RCL) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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RCL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
RCL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 46.8% | 27.4% | 23.8% |
| 2024 | 47.5% | 24.9% | 17.5% |
| 2023 | 44.1% | 20.7% | 12.2% |
| 2022 | 25.2% | -8.7% | -24.4% |
| 2021 | -78.8% | -252.6% | -343.3% |
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Royal Caribbean Cruises Ltd. (RCL) Earnings Overview
As of May 8, 2026, Royal Caribbean Cruises Ltd. (RCL) reported trailing twelve-month net income of $4.48B, reflecting +42.7% year-over-year growth. The company earned $16.55 per diluted share over the past four quarters, with a net profit margin of 23.8%.
Looking at the long-term picture, RCL's historical earnings data spans multiple years. The company achieved its highest annual net income of $4.27B in fiscal 2025, representing a new all-time high.
Royal Caribbean Cruises Ltd. maintains industry-leading profitability with a gross margin of 46.8%, operating margin of 27.4%, and net margin of 23.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CCL ($2.76B net income, 10.4% margin), NCLH ($568M net income, 4.3% margin), VIK ($1.15B net income, 17.7% margin), RCL has outperformed on profitability metrics. Compare RCL vs CCL →
RCL Earnings vs Peers
Earnings metrics vs comparable public companies
RCL Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.27B | +48.5% | $4.91B | $15.61 | 23.8% | 27.4% |
| 2024 | $2.88B | +69.5% | $4.11B | $10.94 | 17.5% | 24.9% |
| 2023 | $1.70B | +178.7% | $2.88B | $6.31 | 12.2% | 20.7% |
| 2022 | -$2.16B | +59.0% | -$766M | $-8.45 | -24.4% | -8.7% |
| 2021 | -$5.26B | +9.3% | -$3.87B | $-20.89 | -343.3% | -252.6% |
| 2020 | -$5.80B | -408.6% | -$4.60B | $-27.05 | -262.5% | -208.3% |
| 2019 | $1.88B | +3.7% | $2.08B | $8.95 | 17.2% | 19.0% |
| 2018 | $1.81B | +11.4% | $1.89B | $8.56 | 19.1% | 20.0% |
| 2017 | $1.63B | +26.6% | $1.74B | $7.53 | 18.5% | 19.9% |
| 2016 | $1.28B | +92.8% | $1.48B | $5.93 | 15.1% | 17.4% |
Full RCL Stock Analysis
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Start ComparisonRCL — Frequently Asked Questions
Quick answers to the most common questions about buying RCL stock.
Is RCL growing earnings?
RCL EPS is $16.55, with earnings growth accelerating to +42.7%. This exceeds the 5-year CAGR of N/A. TTM net income reached $4.5B.
What are RCL's profit margins?
Royal Caribbean Cruises Ltd. net margin is +23.8%, with operating margin at +27.4%. Above-average margins indicate pricing power.
How consistent are RCL's earnings?
RCL earnings data spans 1991-2025. The accelerating earnings trend is +42.7% YoY. Historical data enables comparison across business cycles.