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Royal Caribbean Group RCL Q1 2026 earnings

Reported April 30, 2026 · Before market open

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

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$5.6B
EPS estimate$6.36

Financials

Q1 2026

Income statement

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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

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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

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

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$74.44B+34.6%
Enterprise value$74.61B+33.8%
P/E16.6×-0.4×
P/S4×+0.7×

Profitability

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

Returns & leverage

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

Segments

By product

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Passenger$3.0B+10.1%

FAQ

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 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 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.