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Companies / Consumer Discretionary / Royal Caribbean Group
RCL

Royal Caribbean Group

Consumer DiscretionaryTransportation & UtilitiesS&P 500
Ticker RCLMIAMI, FLFiscal year ends DecemberBook value per share $37.91Diluted shares 270.0M

Royal Caribbean Cruises Ltd. (NYSE: RCL) operates as a leading global vacation company in the cruise industry, with a portfolio of three primary cruise brands: Royal Caribbean, Celebrity Cruises, and Silversea. The company also maintains a 50% joint venture interest in TUI Cruises GmbH, which operates the German… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.93BFY2025
+8.8% year over year
Last 12 mo $18.68B
27.38%FY2025
+2.5 percentage points
Last 12 mo 27.32%
$4.29BFY2025
+48.2% year over year
Last 12 mo $4.43B
42.52%FY2025
+4.5 percentage points
Last 12 mo 42.97%
Cash & financing
$6.46BFY2025
+22.8% year over year
Last 12 mo $6.79B
$1.24BFY2025
−38.1% year over year
Last 12 mo $-416.00M
2.13FY2025
Was 2.65× a year earlier
Last 12 mo 2.23
274.0MFY2025
−1.8% year over year
Last 12 mo 270.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Royal Caribbean Group does

In the company’s own words

Royal Caribbean Cruises Ltd. (NYSE: RCL) operates as a leading global vacation company in the cruise industry, with a portfolio of three primary cruise brands: Royal Caribbean, Celebrity Cruises, and Silversea. The company also maintains a 50% joint venture interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. More information is available at www.royalcaribbean.com.

As of December 31, 2025, Royal Caribbean Group operates a combined fleet of 69 ships across its global and partner brands with approximately 179,720 berths. The company's ships offer worldwide itineraries calling on more than 1,000 destinations across all seven continents. Royal Caribbean competes in multiple cruise market segments, from contemporary family-oriented experiences to ultra-luxury expedition travel, allowing the company to serve diverse consumer preferences and geographic markets.

The company generates revenue through two primary streams: passenger ticket revenues, which accounted for approximately 70% of total revenues, and onboard activities and other revenues representing approximately 30%. Onboard revenue sources include gaming, beverages, internet services, shore excursions, specialty dining, spa services, and pre- and post-cruise packages. Royal Caribbean also operates certain port facilities and generates management-related service revenues.

Royal Caribbean employed approximately 108,000 employees as of December 31, 2025, comprising roughly 96,500 shipboard employees and 11,400 shoreside employees. The shipboard workforce spans approximately 140 countries, with significant representation from the Philippines, Indonesia, and India. The company maintains a diverse shoreside workforce, with females representing 57% of shoreside employees and Hispanic employees comprising 46% of the U.S.-based shoreside population.

The company distinguishes itself through continuous innovation in ship design and guest experience, strategic deployment of vessels to optimize returns, investment in private land-based destinations including its Perfect Day Collection and Royal Beach Club properties, and advanced technology integration for customer engagement and operational efficiency. Royal Caribbean's Destination Net Zero strategy targets net zero emissions by 2050 with a net zero capable ship by 2035, reflecting the company's commitment to sustainable cruise operations.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Transportation & Utilities
Headquarters
MIAMI, FL
Fiscal year end
December
CIK
884887
SIC
4400

Financial performance, year by year

Fiscal 2013–2025 · USD
$-8.22B$-883.70M$6.45B$13.79B$21.13B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Royal Caribbean Group — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

262
funds hold it
0 of 35
superinvestors hold it
$12.00B
held by funds, at market
14.6%
of shares held by funds
10
bond issues held by funds

Largest fund holders · Royal Caribbean Group’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.74%of fund net assets
VANGUARD MID-CAP GROWTH INDEX FUND
VOT · VANGUARD INDEX FUNDS
1.69%of fund net assets
VANGUARD GROWTH INDEX FUND
VUG · VANGUARD INDEX FUNDS
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Royal Caribbean Group’s bonds, as funds hold them

Funds report holding 10 issues of Royal Caribbean Group’s debt, $3.97B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.49%, maturing 2027 to 2038.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Royal Caribbean Group and its peers compare on margins and cash generation over ten years?”
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