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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Impairment and Credit Losses

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Operating Income

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Operating Income Common Size

Interest Income

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Interest Expense, Net of Interest Capitalized

Interest Expense, Net of Interest Capitalized %Chg

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Equity Investment Income

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Equity Investment Income Common Size

Other Expense (Including a $21.7 Million Loss Related to the 2016 Elimination of the Pullmantur Reporting Lag)

Other Expense (Including a $21.7 Million Loss Related to the 2016 Elimination of the Pullmantur Reporting Lag) %Chg

Other Expense (Including a $21.7 Million Loss Related to the 2016 Elimination of the Pullmantur Reporting Lag) Common Size

Other Income (Expense)

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Total Other Income/Expense

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Total Other Income/Expense Common Size

Net Income (Loss)

Net Income (Loss) %Chg

Net Income (Loss) Common Size

Net Income

Net Income %Chg

Net Income Common Size

Less: Net Income Attributable to Noncontrolling Interest

Less: Net Income Attributable to Noncontrolling Interest %Chg

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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Diluted Common Size

Net Income Attributable to Royal Caribbean Cruises Ltd.

Net Income Attributable to Royal Caribbean Cruises Ltd. %Chg

Net Income Attributable to Royal Caribbean Cruises Ltd. Common Size

Cost of Sales

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Cost of Sales Common Size

Gross Profit

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Gross Profit Common Size

Gross Profit Margin

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Gross Profit Margin Common Size

Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Other Operating Expenses

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Other Operating Expenses Common Size

Operating Profit

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Operating Margin

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Operating Margin Common Size

Interest and Investment Income

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Interest and Investment Income Common Size

Interest Expense

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Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

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Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

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Consolidated Net Income

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Consolidated Net Income Common Size

Net Income Attributable to Minority Interests and Other

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	5,139	4,538	3,999	3,760	4,886	4,110
Total Revenues %Chg	5.2%	10.4%	7.3%	12.9%	17.5%	16.7%
Passenger Ticket Revenues
Onboard and Other Revenues
Cost of Sales	2,479	2,283	2,079	2,052	2,391	2,152
Commissions, Transportation and Other
Onboard and Other
Payroll and Related
Food
Fuel
Other Operating
Gross Profit	2,660	2,255	1,920	1,708	2,495	1,958
Gross Profit Margin	51.8%	49.7%	48%	45.4%	51.1%	47.6%
Selling, General & Administrative Expenses	522	508	562	673	451	466
Marketing, Selling and Administrative Expenses
Depreciation & Amortization Expenses	435	417	412	410	410	393
Depreciation and Amortization Expenses
Other Operating Expenses	—	—	—	—	—	—
Impairment of Pullmantur Related Assets
Impairment and Credit Losses
Operating Profit	1,703	1,330	946	625	1,634	1,099
Operating Margin	33.1%	29.3%	23.7%	16.6%	33.4%	26.7%
Interest and Investment Income	161	119	50	60	110	60
Interest Income
Equity Investment Income
Interest Expense	-248	-228	-249	-266	-603	-298
Interest Expense, Net of Interest Capitalized
Non-Operating Income	-36	-6	-11	140	-26	-3
Other Expense (Including a $21.7 Million Loss Related to the 2016 Elimination of the Pullmantur Reporting Lag)
Other Income (Expense)
Total Non-Operating Income	-123	-115	-210	-66	-519	-241
Income Before Provision for Income Taxes	1,580	1,215	736	559	1,115	858
Consolidated Net Income	1,580	1,215	736	559	1,115	858
Net Income (Loss)
Net Income Attributable to Minority Interests and Other	4	5	6	6	4	4
Less: Net Income Attributable to Noncontrolling Interest
Net Income Attributable to Common Shareholders	1,575	1,210	730	553	1,111	854
Net Income Attributable to Royal Caribbean Cruises Ltd.
Net Income (Loss) Attributable to Royal Caribbean Cruises Ltd.
Basic EPS	5.8	4.5	2.7	2.1	4.2	3.3
Diluted EPS	5.7	4.4	2.7	2	4.2	3.1
Basic Weighted Average Shares Outstanding	272	272	269	269	263	257
Total Shares Outstanding	272.2	271.6	271.6	268.9	268.9	257.4
Diluted Weighted Average Shares Outstanding	274	275	276	277	264	281
EBITDA	2,139	1,747	1,358	1,035	2,044	1,492