ROYAL CARIBBEAN CRUISES LTD
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $17.9B | $16.5B | $13.9B | $8.8B | $1.5B |
| Operating income | $4.9B | $4.1B | $2.9B | -$766.0M | -$3.9B |
| Cost of revenue | $9.1B | $8.7B | $7.8B | $6.6B | $2.7B |
| Cash from operations | $6.5B | $5.3B | $4.5B | $481.0M | -$1.9B |
| Capital expenditure | $5.2B | $3.3B | $3.9B | $2.7B | $2.2B |
| Free cash flow | $1.2B | $2.0B | $580.0M | -$2.2B | -$4.1B |
| Share repurchases | $1.2B | $0 | $0 | — | $0 |
| Impairments | — | $576.0M | $576.0M | $576.0M | — |
| Total assets | $41.6B | $37.1B | $35.1B | $33.8B | $32.3B |
| Total liabilities | $31.4B | $29.3B | $30.2B | $30.9B | $27.2B |
| Total debt | $21.3B | $20.1B | $21.5B | $23.4B | $21.1B |
Shares outstanding 268.2M · Free float 73.1%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.