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Royal Caribbean Group RCL Fuel Costs — Total cruise operating expenses

Other product segments

Sales Commissions Transportationand Other
$564M+8.0%
Other Operating Expenses
$542M+8.4%
Payroll
$400M+17.6%
Food And Beverage
$264M+10.5%

Similar metrics at other companies

Norwegian Cruise Line Holdings Ltd. logo
NCLHFuel Expense — Cost of Goods Sold
$168.93M-3.5%
Carnival Corporation logo
CCLCruise Support — Fuel
$1M
ARKO Corp. logo
ARKOFuel Costs1
$1.3B-1.9%
SkyWest logo
SKYWFuel Cost
$38.9M+58.9%
Alaska Air Group logo
ALKFuel Costs, Gross of Hedging
$796M+16.9%
Carnival Corporation logo
CCLCruise Support — Adjusted Operating Costs And Expenses
$53M+17.8%

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$86.08B+16.4%
Enterprise value$86.24B+15.9%
P/E19.2×-3.6×
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 fuel costs — total cruise operating expenses?
Royal Caribbean Group (RCL) reported fuel costs — total cruise operating expenses of $265M in Q1 2026.
How has Royal Caribbean Group's fuel costs — total cruise operating expenses changed year-over-year?
Royal Caribbean Group's fuel costs — total cruise operating expenses decreased by 4.3% year-over-year, from $277M to $265M.
What is the long-term trend for Royal Caribbean Group's fuel costs — total cruise operating expenses?
Over 4 years (2021 to 2025), Royal Caribbean Group's fuel costs — total cruise operating expenses has grown at a 31.3% compound annual growth rate (CAGR), from $385M to $1.15B.
What does fuel costs — total cruise operating expenses mean?
This metric represents the total expenditure incurred by the company for marine fuel required to operate its fleet of cruise ships. It encompasses costs associated with bunker fuel consumption across all brands and is a primary variable operating expense sensitive to global energy market fluctuations. Monitoring this figure is essential for assessing the company's exposure to commodity price volatility and the effectiveness of its fuel hedging strategies.