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Royal Caribbean Group RCL Q3 2025 earnings

Reported October 28, 2025 · Before market open

Revenue$5.1BMiss by $27.6M
EPS$5.75Beat by $0.06
Revenue estimate$5.2B
EPS estimate$5.69

Next report

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

Financials

Q3 2025

Income statement

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Revenue$5.1B+5.2%
Gross profit$2.7B+6.6%
Operating income$1.7B+4.2%
Net income$1.6B+41.8%
EPS (diluted)$5.74+36.3%

Balance sheet

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Cash & equivalents$432.0M+3.3%
Total debt$847.0M-20.5%
Total equity$10.1B+43.3%
Total assets$40.1B+8.2%

Cash flow

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Operating cash flow$1.5B+63.8%
CapEx$2.5B+636%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$87.89B+92.5%
Enterprise value$88.31B+90.7%
P/E21.6×+4.1×
P/S5×+2.2×

Profitability

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Gross margin49%+1.9pp
Operating margin26.4%+1.1pp
Net margin23.3%+7.1pp

Returns & leverage

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Return on equity47.5%+2.1pp
Debt / equity0.1×-0.1×
Current ratio0.2×0.0×

Segments

By product

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Passenger$3.6B+4.8%

FAQ

When did Royal Caribbean Group report Q3 2025 earnings?
Royal Caribbean Group (RCL) reported Q3 2025 earnings on October 28, 2025 before market open.
What were Royal Caribbean Group's Q3 2025 revenue and EPS?
Royal Caribbean Group reported revenue of $5.1B and eps of $5.75 for Q3 2025.
Did Royal Caribbean Group beat estimates in Q3 2025?
Revenue missed the consensus estimate of $5.2B by $27.6M. EPS beat the consensus estimate of $5.69 by $0.06.
How did Royal Caribbean Group's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $4.9B a year earlier and eps grew 10.6% from $5.20.
Where can I find Royal Caribbean Group's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000884887-25-000146) and the 10-Q periodic report (0000884887-25-000148) directly on SEC EDGAR. The filing index links above go to sec.gov.