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Royal Caribbean Group RCL Effective tax rates

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Other financials

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%
Free cash flow$1.3B+11.3%

Valuation

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Market cap$85.58B+4.0%
Enterprise value$108.23B+31.4%
P/E19.5×-3.4×
P/S4.6×-0.2×

Profitability

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Gross margin49.1%+0.3pp
Operating margin27.3%+0.9pp
Net margin23.5%+2.6pp
FCF margin20.9%

Returns & leverage

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

Where this comes from

Reported directly by Royal Caribbean Group in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateContinuingOperations.

The source filing: Royal Caribbean Group’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000884887-26-000007
Line itemYear Ended December 31,Year Ended December 31,Year Ended December 31,
Liberia international shipping income exemption(850)(21)%
Foreign tax effects
United States
US source shipping income not exempt under Section 883 of the Internal Revenue Code 1371%
United Kingdom
Profits exempt under tonnage tax(94)(2)%
Other(1)
Total$$822%

Item 16. Form 10-K Summary

FAQ

What is Royal Caribbean Group's effective tax rates?
Royal Caribbean Group (RCL) reported effective tax rates of $0.01 in Q4 2025.

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