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Royal Caribbean Group RCL Food And Beverage — Total cruise operating expenses

Other product segments

Sales Commissions Transportationand Other
$564M+8.0%
Other Operating Expenses
$542M+8.4%
Payroll
$400M+17.6%
Fuel Costs
$265M-4.3%

Similar metrics at other companies

Norwegian Cruise Line Holdings Ltd. logo
NCLHFood And Beverage — Cost of Goods Sold
$80.68M+6.7%
Pebblebrook Hotel Trust logo
PEBFood and beverage — Total hotel operating expenses
$65.46M+1.4%
RLJ Lodging Trust logo
RLJFood and Beverage Revenue — Operating Expenses
$30.76M+5.0%
Carnival Corporation logo
CCLCruise Support — Food
$1M
Xenia Hotels & Resorts logo
XHRFood and beverage expenses — Expenses
$66.34M-0.3%
Red Rock Resorts, Inc. logo
RRRFood and beverage — Operating costs and expenses
$74.19M+0.6%

Other financials

Income statement

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Revenue$4.5B+11.3%
Gross profit$2.2B+14.8%
Operating income$1.2B+23.0%
Net income$941.0M+28.9%
EPS (diluted)$3.48+28.9%

Balance sheet

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Cash & equivalents$512.0M+32.6%
Total debt$678.0M-19.9%
Total equity$9.8B+23.2%
Total assets$42.0B+12.1%

Cash flow

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Operating cash flow$1.8B+12.7%
CapEx$500.0M+16.8%
Free cash flow$1.3B+11.3%

Valuation

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Market cap$86.53B+17.0%
Enterprise value$86.7B+16.5%
P/E19.3×-3.5×
P/S4.7×+0.3×

Profitability

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Gross margin49.7%+1.5pp
Operating margin27.9%+2.2pp
Net margin24.4%+5.0pp
FCF margin20.9%

Returns & leverage

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Return on equity50.4%+0.9pp
Debt / equity0.1×0.0×
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:CostOfGoodsAndServicesSold.

The official record: Royal Caribbean Group’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Royal Caribbean Group's food and beverage — total cruise operating expenses?
Royal Caribbean Group (RCL) reported food and beverage — total cruise operating expenses of $264M in Q1 2026.
How has Royal Caribbean Group's food and beverage — total cruise operating expenses changed year-over-year?
Royal Caribbean Group's food and beverage — total cruise operating expenses increased by 10.5% year-over-year, from $239M to $264M.
What is the long-term trend for Royal Caribbean Group's food and beverage — total cruise operating expenses?
Over 4 years (2021 to 2025), Royal Caribbean Group's food and beverage — total cruise operating expenses has grown at a 57.8% compound annual growth rate (CAGR), from $164M to $1.02B.
What does food and beverage — total cruise operating expenses mean?
This metric represents the total direct costs incurred by the cruise line to provide food and beverage services to guests across its fleet. It encompasses the procurement of ingredients, beverage inventory, galley labor, and related logistics required to maintain dining operations. Monitoring this expense is critical for assessing the company's ability to manage variable costs relative to passenger volume and guest satisfaction levels.