Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises brands, which comprise a range of itineraries that call on approximately 1,000 destinations. As of February 25, 2022, it operated 61 ships. The company was founded in 1968 and is headquartered in Miami, Florida.

Royal Caribbean Cruises Ltd.

Passenger Ticket Revenues

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Onboard and Other Revenues

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Total Revenues

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Commissions, Transportation and Other

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Payroll and Related

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Food

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Fuel

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Other Operating

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Total Cruise Operating Expenses

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Marketing, Selling and Administrative Expenses

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Depreciation and Amortization Expenses

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Impairment of Pullmantur Related Assets

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Total Operating Expenses

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Operating Income

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Interest Income

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Interest Expense, Net of Interest Capitalized

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Equity Investment Income

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Other Income (Expense)

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Total Other Income/Expense

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Net Income (Loss)

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Net Income

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Less: Net Income Attributable to Noncontrolling Interest

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Less: Net Income Attributable to Noncontrolling Interest Common Size

Net Income (Loss) Attributable to Royal Caribbean Cruises Ltd.

Net Income (Loss) Attributable to Royal Caribbean Cruises Ltd. %Chg

Net Income (Loss) Attributable to Royal Caribbean Cruises Ltd. Common Size

Basic

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Diluted

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Net Income Attributable to Royal Caribbean Cruises Ltd.

Net Income Attributable to Royal Caribbean Cruises Ltd. %Chg

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Interest Expense

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Non-Operating Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Minority Interests and Other Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	17,436	17,183	16,755	16,484	16,055	15,329
Total Revenues %Chg	8.6%	12.1%	13.7%	18.6%	21.9%	27.7%
Passenger Ticket Revenues
Onboard and Other Revenues
Cost of Sales	8,893	8,805	8,674	8,652	8,489	8,235
Commissions, Transportation and Other
Onboard and Other
Payroll and Related
Food
Fuel
Other Operating
Gross Profit	8,543	8,378	8,081	7,832	7,566	7,094
Gross Profit Margin	49%	48.8%	48.2%	47.5%	47.1%	46.3%
Selling, General & Administrative Expenses	2,265	2,194	2,152	2,125	1,955	1,897
Marketing, Selling and Administrative Expenses
Depreciation & Amortization Expenses	1,674	1,649	1,625	1,600	1,558	1,513
Depreciation and Amortization Expenses
Other Operating Expenses	—	—	—	—	—	—
Impairment of Pullmantur Related Assets
Impairment and Credit Losses
Operating Profit	4,604	4,535	4,304	4,107	4,053	3,684
Operating Margin	26.4%	26.4%	25.7%	24.9%	25.2%	24%
Interest and Investment Income	390	339	280	276	271	255
Interest Income
Equity Investment Income
Interest Expense	-991	-1,346	-1,416	-1,590	-1,672	-1,409
Interest Expense, Net of Interest Capitalized
Non-Operating Income	87	97	100	103	-36	-18
Other Income (Expense)
Total Non-Operating Income	-514	-910	-1,036	-1,211	-1,437	-1,172
Income Before Provision for Income Taxes	4,090	3,625	3,268	2,896	2,616	2,512
Consolidated Net Income	4,090	3,625	3,268	2,896	2,616	2,512
Net Income (Loss)
Net Income Attributable to Minority Interests and Other	21	21	20	18	14	12
Less: Net Income Attributable to Noncontrolling Interest
Net Income Attributable to Common Shareholders	4,069	3,604	3,248	2,877	2,602	2,500
Net Income Attributable to Royal Caribbean Cruises Ltd.
Net Income (Loss) Attributable to Royal Caribbean Cruises Ltd.
Basic EPS	15	13.4	12.3	11	10	9.8
Diluted EPS	14.9	13.3	12	10.9	9.7	9.2
Basic Weighted Average Shares Outstanding	270.5	268.3	264.5	261	258.3	256.5
Total Shares Outstanding	272.2	271.6	271.6	268.9	268.9	257.4
Diluted Weighted Average Shares Outstanding	275.5	273	274.5	279	276.5	281
EBITDA	6,279	6,184	5,929	5,707	5,611	5,198