Skip to content
OpenCapital
Get started

Royal Caribbean Group RCL Q4 2025 Annual earnings

Reported January 29, 2026 · Before market open

Revenue$4.3BMiss by $3.2MDiluted EPS$2.80In line
Revenue estimate$4.3B
EPS estimate$2.80

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$4.3B+13.3%
Gross profit$2.0B+18.1%
Operating income$933.0M+49.5%
Net income$754.0M+36.6%
EPS (diluted)$2.78+36.9%

Balance sheet

See full
Cash & equivalents$825.0M+113%
Total debt$849.0M-1.4%
Total equity$10.0B+32.7%
Total assets$41.6B+12.3%

Cash flow

See full
Operating cash flow$1.6B+10.6%
CapEx$1.5B+173%
Free cash flow$116.0M-87.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$76.07B+22.6%
Enterprise value$76.09B+21.7%
P/E17.8×-3.7×
P/S4.2×+0.5×

Profitability

See full
Gross margin49.4%+1.8pp
Operating margin27.4%+2.5pp
Net margin23.8%+6.3pp

Returns & leverage

See full
Return on equity48.5%+1.7pp
Debt / equity0.1×0.0×
Current ratio0.2×0.0×

Segments

By product

See full
Passenger$2.9B+13.0%

Versus estimates

Revenue

Q1 2026$4.5BMiss by $11.9M
Q4 2025$4.3BMiss by $3.2M
Q3 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 line
Q3 2025$5.75Beat by $0.06Q2 2025$4.38Beat by $0.29Q1 2025$2.71Beat by $0.16Q4 2024$1.63Beat by $0.13

Ask the moment Royal Caribbean Group reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Royal Caribbean Group report Q4 2025 earnings?
Royal Caribbean Group (RCL) reported Q4 2025 earnings on January 29, 2026 before market open.
What were Royal Caribbean Group's Q4 2025 revenue and EPS?
Royal Caribbean Group reported revenue of $4.3B and diluted EPS of $2.80 for Q4 2025.
Did Royal Caribbean Group beat estimates in Q4 2025?
Revenue missed the consensus estimate of $4.3B by $3.2M. EPS beat the consensus estimate of $2.80 by $0.00.
How did Royal Caribbean Group's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.2% from $3.8B a year earlier and diluted EPS grew 71.8% from $1.63.
Where can I find Royal Caribbean Group's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000884887-26-000003) and the 10-K periodic report (0000884887-26-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.