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Royal Caribbean Group RCL Q1 2025 earnings

Reported April 29, 2025 · Before market open

Revenue$4.0BMiss by $14.4MDiluted EPS$2.71Beat by $0.16
Revenue estimate$4.0B
EPS estimate$2.55

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$4.8B
EPS estimate$3.92

Financials

Q1 2025

Income statement

See full
Revenue$4.0B+7.3%
Gross profit$1.9B+14.8%
Operating income$945.0M+26.0%
Net income$730.0M+103%
EPS (diluted)$2.70+100%

Balance sheet

See full
Cash & equivalents$386.0M-11.7%
Total debt$846.0M-17.8%
Total equity$8.0B+54.5%
Total assets$37.5B+6.4%

Cash flow

See full
Operating cash flow$1.6B+22.5%
CapEx$428.0M+76.9%
Free cash flow$1.2B+10.4%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$55.29B+54.6%
Enterprise value$55.75B+53.3%
P/E17×0.0×
P/S3.3×+0.9×

Profitability

See full
Gross margin48.2%+2.8pp
Operating margin25.7%+2.9pp
Net margin19.4%+5.1pp

Returns & leverage

See full
Return on equity49.5%-3.1pp
Debt / equity0.1×-0.1×
Current ratio0.2×0.0×

Segments

By product

See full
Passenger$2.7B+7.9%

Versus estimates

Revenue

Q1 2026$4.5BMiss by $11.9MQ4 2025$4.3BMiss by $3.2MQ3 2025$5.1BMiss by $27.6MQ2 2025$4.5BMiss by $13.6M
Q1 2025$4.0BMiss by $14.4M
Q4 2024$3.8BIn line

Diluted EPS

Q1 2026$3.60Beat by $0.36Q4 2025$2.80In lineQ3 2025$5.75Beat by $0.06Q2 2025$4.38Beat by $0.29
Q1 2025$2.71Beat by $0.16
Q4 2024$1.63Beat by $0.13

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Questions, answered.

When did Royal Caribbean Group report Q1 2025 earnings?
Royal Caribbean Group (RCL) reported Q1 2025 earnings on April 29, 2025 before market open.
What were Royal Caribbean Group's Q1 2025 revenue and EPS?
Royal Caribbean Group reported revenue of $4.0B and diluted EPS of $2.71 for Q1 2025.
Did Royal Caribbean Group beat estimates in Q1 2025?
Revenue missed the consensus estimate of $4.0B by $14.4M. EPS beat the consensus estimate of $2.55 by $0.16.
How did Royal Caribbean Group's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.3% from $3.7B a year earlier and diluted EPS grew 53.1% from $1.77.
Where can I find Royal Caribbean Group's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000884887-25-000095) directly on SEC EDGAR. The filing index links above go to sec.gov.