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

Other product segments

Sales Commissions, Transportation, And Other
$622M+2.6%
Other operating
$615M+9.6%
Payroll
$405M+23.1%
Fuel Costs
$355M+27.2%

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DRIFood and beverage — Food and beverage costs and restaurant expenses
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BHRFood and beverage — Total hotel operating expenses
$38.91M-3.2%

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$82.38B+0.1%
Enterprise value$105.02B+27.5%
P/E18.7×-4.1×
P/S4.4×-0.4×

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:CostOfGoodsAndServicesSold.

The source filing: Royal Caribbean Group’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 5:05 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000884887-26-000038
Line itemQuarter Ended June 30, 2026Quarter Ended June 30, 2025
Commissions, transportation and other622606
Onboard and other288262
Payroll and related405329
Food262246
Fuel355279
Other operating615561
Total cruise operating expenses2,5472,283
Marketing, selling and administrative expenses513508

Item 1. Financial Statements

FAQ

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 $262M in Q2 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 6.5% year-over-year, from $246M to $262M.
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 57.7% compound annual growth rate (CAGR), from $164.39M 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.

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