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Royal Caribbean Group RCL Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$4.8BBeat by $14.9M
Adjusted EPS$4.21Beat by $0.23
Revenue estimate$4.8B
EPS estimate$3.98
“We expect another year of approximately double-digit growth in revenue and earnings, driven by consumers' preference for our leading brands and supported by our strong booked position, leading margin profile, and fortified balance sheet.”
Jason Liberty

Next report

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

Financials

Q2 2026

Income statement

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Revenue$4.8B+6.5%
Gross profit$2.3B+1.3%
Operating income$1.3B-1.7%
Net income$1.1B-6.8%
EPS (diluted)$4.20-4.8%

Balance sheet

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Cash & equivalents$875.0M+19.0%
Total debt$23.5B+2,706%
Total equity$10.2B+11.6%
Total assets$44.6B+15.8%

Cash flow

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Operating cash flow$1.9B+6.5%
CapEx$2.7B+227%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$72.21B-17.0%
Enterprise value$94.85B+8.6%
P/E16.4×-5.0×
P/S3.9×-1.1×

Profitability

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Gross margin49.1%+0.3pp
Operating margin27.3%+0.9pp
Net margin23.5%+2.6pp

Returns & leverage

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Return on equity45.3%-2.2pp
Debt / equity2.3×+2.2×
Current ratio0.2×0.0×

Segments

By product

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Passenger$3.3B+4.5%

FAQ

When did Royal Caribbean Group report Q2 2026 earnings?
Royal Caribbean Group (RCL) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Royal Caribbean Group's Q2 2026 revenue and EPS?
Royal Caribbean Group reported revenue of $4.8B and adjusted eps of $4.21 for Q2 2026.
Did Royal Caribbean Group beat estimates in Q2 2026?
Revenue beat the consensus estimate of $4.8B by $14.9M. EPS beat the consensus estimate of $3.98 by $0.23.
How did Royal Caribbean Group's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.5% from $4.5B a year earlier.
Where can I find Royal Caribbean Group's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000884887-26-000036) and the 10-Q periodic report (0000884887-26-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.