What is Royal Caribbean Group's SG&A?

Royal Caribbean Group (RCL) reported SG&A of $582M in Q1 2026.

How has Royal Caribbean Group's SG&A changed year-over-year?

Royal Caribbean Group's SG&A increased by 3.6% year-over-year, from $562M to $582M.

What is the long-term trend for Royal Caribbean Group's SG&A?

Over 4 years (2021 to 2025), Royal Caribbean Group's SG&A has grown at a 12.9% compound annual growth rate (CAGR), from $1.37B to $2.22B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Royal Caribbean Group RCL SG&A

SG&A at other companies

Carnival CorporationCCL

$863M+5.8%

Norwegian Cruise Line Holdings Ltd.NCLH

$459.68M+17.5%

Walt DisneyDIS

$4.07B+2.3%

G-III Apparel GroupGIII

$255.32M+10.3%

MarineMaxHZO

$170.45M+2.2%

Restoration HardwareRH

$297.02M-0.8%

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$86.53B+17.0%

Enterprise value$86.7B+16.5%

P/E19.3×-3.5×

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Royal Caribbean Group (RCL) reported SG&A of $582M in Q1 2026.
How has Royal Caribbean Group's SG&A changed year-over-year?: Royal Caribbean Group's SG&A increased by 3.6% year-over-year, from $562M to $582M.
What is the long-term trend for Royal Caribbean Group's SG&A?: Over 4 years (2021 to 2025), Royal Caribbean Group's SG&A has grown at a 12.9% compound annual growth rate (CAGR), from $1.37B to $2.22B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.