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Royal Caribbean Group RCL Payroll — Total cruise operating expenses

Other product segments

Sales Commissions Transportationand Other
$564M+8.0%
Other Operating Expenses
$542M+8.4%
Fuel Costs
$265M-4.3%
Food And Beverage
$264M+10.5%

Similar metrics at other companies

Carnival Corporation logo
CCLCruise Support — Payroll and related
$41M+24.2%
Carnival Corporation logo
CCLCruise Support — Adjusted Operating Costs And Expenses
$53M+17.8%
Freedom Holding logo
FRHCPayroll and bonuses
$116.14M+34.7%
Carnival Corporation logo
CCLCruise Support — Adjusted Operating Costs And Expenses, Other
$28M+12.0%
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CCLPayroll and related
$684M+6.9%
Carnival Corporation logo
CCLTour And Other — Payroll and related
$0

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 payroll — total cruise operating expenses?
Royal Caribbean Group (RCL) reported payroll — total cruise operating expenses of $400M in Q1 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 17.6% year-over-year, from $340M to $400M.
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 $838M 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.