Deferred Revenue
Royal Caribbean Group Deferred Revenue increased by 14.1% to $6.55B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $6.33B to $6.55B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 26.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.36B | $2.77B | $3.16B | $3.57B | $4.17B | $3.77B | $4.17B | $5.27B | $5.68B | $5.03B | $5.31B | $6.04B | $6.25B | $5.32B | $5.50B | $6.33B | $6.38B | $5.60B | $5.74B | $6.55B |
| QoQ Change | — | +17.0% | +14.3% | +12.9% | +16.9% | -9.5% | +10.4% | +26.5% | +7.7% | -11.3% | +5.5% | +13.7% | +3.4% | -14.7% | +3.2% | +15.2% | +0.7% | -12.1% | +2.4% | +14.1% |
| YoY Change | — | — | — | — | +76.4% | +36.5% | +31.9% | +47.7% | +36.2% | +33.3% | +27.4% | +14.6% | +10.0% | +5.8% | +3.5% | +4.9% | +2.1% | +5.3% | +4.4% | +3.4% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Royal Caribbean Group's deferred revenue?
- Royal Caribbean Group (RCL) reported deferred revenue of $6.55B in Q1 2026.
- How has Royal Caribbean Group's deferred revenue changed year-over-year?
- Royal Caribbean Group's deferred revenue increased by 3.4% year-over-year, from $6.33B to $6.55B.
- What is the long-term trend for Royal Caribbean Group's deferred revenue?
- Over 5 years (2020 to 2025), Royal Caribbean Group's deferred revenue has grown at a 26.3% compound annual growth rate (CAGR), from $1.78B to $5.74B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.