Financials in USD. Standardized financial statements.
A compact view of how Royal Caribbean Cruises Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $17.93B | $16.48B | $13.90B | $8.84B | $1.53B | $2.21B | $10.95B | $9.49B | $8.78B | $8.50B |
| Revenue Growth? | +8.8% | +18.6% | +57.2% | +477.0% | -30.6% | -79.8% | +15.3% | +8.2% | +3.3% | 0.0% |
| Cost of Revenue? | $9.54B | $8.65B | $7.78B | $6.62B | $2.74B | $2.77B | $6.06B | $5.26B | $4.90B | $5.02B |
| Gross Profit? | $8.40B | $7.83B | $6.13B | $2.22B | -$1.21B | -$556.30M | $4.89B | $4.23B | $3.88B | $3.48B |
| Gross Margin? | +46.8% | +47.5% | +44.1% | +25.2% | -78.8% | -25.2% | +44.6% | +44.6% | +44.2% | +41.0% |
| Operating Expenses? | $3.49B | $3.73B | $3.25B | $2.99B | $2.66B | $4.05B | $2.81B | $2.34B | $2.14B | $2.00B |
| Operating Income? | $4.91B | $4.11B | $2.88B | -$766.00M | -$3.87B | -$4.60B | $2.08B | $1.89B | $1.74B | $1.48B |
| EBITDA? | $6.91B | $6.09B | $4.56B | $615.00M | -$2.67B | -$3.65B | $3.56B | $3.18B | $2.88B | $2.49B |
| Income Before Tax | $4.30B | $2.90B | $1.70B | -$2.16B | -$5.26B | -$5.78B | $1.91B | $1.82B | $1.63B | $1.28B |
| Income Tax Expense | $15.00M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | $4.27B | $2.88B | $1.70B | -$2.16B | -$5.26B | -$5.80B | $1.88B | $1.81B | $1.63B | $1.28B |
| EPS? | $15.73 | $11.00 | $6.63 | $-8.45 | $-20.89 | $-27.05 | $8.97 | $8.60 | $7.57 | $5.96 |
| Diluted EPS? | $15.61 | $10.94 | $6.31 | $-8.45 | $-20.89 | $-27.05 | $8.95 | $8.56 | $7.53 | $5.93 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality