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Royal Caribbean Group RCL Fuel Costs — Total cruise operating expenses

Other product segments

Sales Commissions, Transportation, And Other
$622M+2.6%
Other operating
$615M+9.6%
Payroll
$405M+23.1%
Food and Beverage
$262M+6.5%

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$1.49B+15.4%
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$168.93M-3.5%
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SOFuel and purchased power — Total cost of sales
$205M+23.5%
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SPHFuel Oil And Refined Fuels — Cost of Goods Sold
$8.54M+43.8%
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CAPLFuel — Cost of Goods Sold
$988.2M+26.9%

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: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
Onboard and other288262
Payroll and related405329
Food262246
Fuel355279
Other operating615561
Total cruise operating expenses2,5472,283
Marketing, selling and administrative expenses513508
Depreciation and amortization expenses464417

Item 1. Financial Statements

FAQ

What is Royal Caribbean Group's fuel costs — total cruise operating expenses?
Royal Caribbean Group (RCL) reported fuel costs — total cruise operating expenses of $355M in Q2 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 increased by 27.2% year-over-year, from $279M to $355M.
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 $385.32M 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.

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