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Royal Caribbean Group RCL Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$4.5BMiss by $11.9MDiluted EPS$3.60Beat by $0.36
Revenue estimate$4.5B
EPS estimate$3.24

Next report

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

Financials

Q1 2026

Income statement

See full
Revenue$4.5B+11.3%
Gross profit$2.2B+14.8%
Operating income$1.2B+23.0%
Net income$941.0M+28.9%
EPS (diluted)$3.48+28.9%

Balance sheet

See full
Cash & equivalents$512.0M+32.6%
Total debt$678.0M-19.9%
Total equity$9.8B+23.2%
Total assets$42.0B+12.1%

Cash flow

See full
Operating cash flow$1.8B+12.7%
CapEx$500.0M+16.8%
Free cash flow$1.3B+11.3%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$75.35B+34.6%
Enterprise value$75.52B+33.8%
P/E16.8×-0.4×
P/S4.1×+0.8×

Profitability

See full
Gross margin49.7%+1.5pp
Operating margin27.9%+2.2pp
Net margin24.4%+5.0pp

Returns & leverage

See full
Return on equity50.4%+0.9pp
Debt / equity0.1×0.0×
Current ratio0.2×0.0×

Segments

By product

See full
Passenger$3.0B+10.1%

Versus estimates

Revenue

Q1 2026$4.5BMiss by $11.9M
Q4 2025$4.3BMiss by $3.2MQ3 2025$5.1BMiss by $27.6MQ2 2025$4.5BMiss by $13.6MQ1 2025$4.0BMiss by $14.4MQ4 2024$3.8BIn line

Diluted EPS

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

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Questions, answered.

When did Royal Caribbean Group report Q1 2026 earnings?
Royal Caribbean Group (RCL) reported Q1 2026 earnings on April 30, 2026 before market open.
What were Royal Caribbean Group's Q1 2026 revenue and EPS?
Royal Caribbean Group reported revenue of $4.5B and diluted EPS of $3.60 for Q1 2026.
Did Royal Caribbean Group beat estimates in Q1 2026?
Revenue missed the consensus estimate of $4.5B by $11.9M. EPS beat the consensus estimate of $3.24 by $0.36.
How did Royal Caribbean Group's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.3% from $4.0B a year earlier and diluted EPS grew 32.8% from $2.71.
Where can I find Royal Caribbean Group's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000884887-26-000024) and the 10-Q periodic report (0000884887-26-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.