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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) owns and operates the Royal Caribbean, Celebrity Cruises and Silversea cruise brands, and holds a 50% interest in TUI Cruises, whose brands are TUI Cruises and Hapag-Lloyd Cruises. Its cruise vacations serve customers across contemporary, premium, luxury and expedition markets,… From the company’s description.

In fiscal 2025, Royal Caribbean Group reported revenue of $17.93B, up 8.8% from fiscal 2024, and net income of $4.29B. Its operating margin was 27.4%, and operations generated $6.46B in cash. Over the twelve months to Jun 30, 2026, revenue was $18.68B.

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) owns and operates the Royal Caribbean, Celebrity Cruises and Silversea cruise brands, and holds a 50% interest in TUI Cruises, whose brands are TUI Cruises and Hapag-Lloyd Cruises. Its cruise vacations serve customers across contemporary, premium, luxury and expedition markets, with itineraries worldwide; guests can also purchase onboard dining, activities, shore excursions and other services, as well as pre- and post-cruise packages. The company operates its Global Brands as a single reportable segment, while its German Partner Brands are an unconsolidated joint venture. As of December 31, 2025, the Global Brands and Partner Brands together operated 69 ships with approximately 179,720 berths, visiting more than 1,000 destinations in over 120 countries. The company also owns private land-based destinations, including Perfect Day at CocoCay and Royal Beach Club Paradise Island. Founded in 1968, it has expanded from its original cruise business into a portfolio of global brands and destination experiences. Its website is www.royalcaribbeangroup.com.

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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