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Royal Caribbean Group RCL Payroll — Total cruise operating expenses

Other product segments

Sales Commissions, Transportation, And Other
$622M+2.6%
Other operating
$615M+9.6%
Fuel Costs
$355M+27.2%
Food and Beverage
$262M+6.5%

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$204M+4.6%
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HGVSelling expense — Expenses
$181M-7.2%

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$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
Cruise operating expenses:
Commissions, transportation and other622606
Onboard and other288262
Payroll and related405329
Food262246
Fuel355279
Other operating615561
Total cruise operating expenses2,5472,283

Item 1. Financial Statements

FAQ

What is Royal Caribbean Group's payroll — total cruise operating expenses?
Royal Caribbean Group (RCL) reported payroll — total cruise operating expenses of $405M in Q2 2026.
How has Royal Caribbean Group's payroll — total cruise operating expenses changed year-over-year?
Royal Caribbean Group's payroll — total cruise operating expenses increased by 23.1% year-over-year, from $329M to $405M.
What is the long-term trend for Royal Caribbean Group's payroll — total cruise operating expenses?
Over 4 years (2021 to 2025), Royal Caribbean Group's payroll — total cruise operating expenses has grown at a 13.0% compound annual growth rate (CAGR), from $838.09M to $1.37B.
What does payroll — total cruise operating expenses mean?
This metric represents the total compensation costs, including wages, salaries, benefits, and related payroll taxes, incurred for shipboard personnel. It captures the labor expenditure required to operate, maintain, and service the cruise fleet, serving as a primary component of total cruise operating expenses. Monitoring this figure allows investors to assess the company's ability to manage labor inflation and operational efficiency within its core service delivery model.

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