Is Royal Caribbean making money?

The revenue of Royal Caribbean Cruises worldwide bounced back in 2022, following a dramatic drop with the onset of the coronavirus (COVID-19) pandemic. Despite the sharp annual increase, the company's global revenue remained below pre-pandemic levels, amounting to around 8.8 billion U.S. dollars in 2022.



Yes, Royal Caribbean Group is currently in a state of record-breaking profitability. In January 2026, the company reported its full-year 2025 results, revealing a net income of $4.3 billion on total revenues of $17.9 billion. This is a massive turnaround from the pandemic era, driven by "unprecedented demand" and record-high booking rates. For 2026, the company has issued a bullish outlook, expecting an Adjusted EPS (Earnings Per Share) in the range of $17.70 to $18.10, representing a 23% growth rate. They currently have nearly two-thirds of their 2026 capacity booked at record rates, and onboard revenue—including pre-cruise purchases like drink packages and excursions—continues to exceed expectations. With the successful launch of massive ships like Icon of the Seas and Star of the Seas, Royal Caribbean has cemented its position as the financial leader in the cruise industry, focusing on high-margin, family-oriented "experience" vacations.

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Royal Caribbean has a massive amount of debt on its balance sheet that it accumulated during the pandemic to stave off bankruptcy. At the end of Q2, the company had $18.7 billion in long-term debt and $1.7 billion in current debt (meaning debt due within 1 year).

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Total debt on the balance sheet as of September 2023 : $20.56 B. According to Royal Caribbean's latest financial reports the company's total debt is $20.56 B.

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Covid-19 shut the industry for the best part of two years, leaving the Big Three — Carnival Corp, Royal Caribbean Group and Norwegian Cruise Line Holdings — under an unprecedented pile of debt that they will be paying down for years. Carnival is $35bn in the hole, Royal Caribbean owes $24bn and Norwegian owes $13.4bn.

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Winner: Royal Caribbean Both companies are market leaders in terms of fleet sizes. That said, Royal Caribbean has more ships and they're often larger, which means additional dining, activities and lodging options for passengers.

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Largest shareholders include Capital International Investors, Capital Research Global Investors, Vanguard Group Inc, AGTHX - GROWTH FUND OF AMERICA Class A, AIVSX - INVESTMENT CO OF AMERICA Class A, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Primecap Management Co ...

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RCL Stock Forecast FAQ Based on analyst ratings, Royal Caribbean's 12-month average price target is $123.67. Royal Caribbean has 30.30% upside potential, based on the analysts' average price target. Royal Caribbean has a conensus rating of Strong Buy which is based on 8 buy ratings, 2 hold ratings and 0 sell ratings.

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How much does a Director make at Royal Caribbean group in the United States? Average Royal Caribbean group Director yearly pay in the United States is approximately $145,972, which is 47% above the national average.

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Employee Benefits at our Headquarter Offices
Additionally, some other benefits include paid parental leave, employee discounts on cruises, and a complimentary cruise for employees upon starting with the company.

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What is the average salary of Royal Caribbean Waiter? Royal Caribbean Waiters earn $35,000 annually, or $17 per hour, which is 19% higher than the national average for all Waiters at $29,000 annually and 61% lower than the national salary average for ?all working Americans.

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How satisfied are employees working at Royal Caribbean Group? 78% of Royal Caribbean Group employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Royal Caribbean Group 3.5 out of 5 for work life balance, 4.0 for culture and values and 4.0 for career opportunities.

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You can expect to pay more for a Disney Cruise than Royal Caribbean, but you'll also be able to enjoy free unlimited sodas and room service.

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Royal Caribbean has some of the largest and most innovative ships in the industry, with plenty of activities and entertainment options on board. The cruise line is known for its adventure-style cruising, which includes activities such as rock climbing, ice-skating, and surfing.

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Best Luxury Cruise Lines
  • #1. Viking Ocean Cruises.
  • #2. Seabourn Cruise Line.
  • #3. Regent Seven Seas Cruises.


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The most popular cruise line is Mediterranean Shipping Company (MSC), with an average revenue of $22.86 billion. The second most popular cruise line is Carnival Corporation with a revenue of $12.2 billion, followed by Royal Caribbean Group with $8.8 billion in annual revenue.

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