Royal Caribbean Cruises Ltd.'s Revenue (2016 - 2025)

Royal Caribbean Cruises Ltd.'s annual revenue was $17.94 B in fiscal year 2025. The annual revenue increased $1.45 B from $16.49 B (in 2024) to $17.94 B (in 2025), representing a 8.80% year-over-year growth.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $4.45 B in the quarter ending Mar 2026. The quarterly revenue increased $453.00 M from $4.00 B (in Q1: Dec 2025) to $4.45 B (in Q1: Dec 2026), representing a 11.33% year-over-year growth.

Over the past 10 years (2016 - 2025):

The highest annual revenue for Royal Caribbean Cruises Ltd. was $17.94 B in fiscal year 2025.
The lowest annual revenue was $1.53 B in fiscal year 2021.
The average revenue was $9.86 B.

Learn more about Royal Caribbean Cruises Ltd.'s Revenue by Segment and Revenue by Region.

Check out competitors to Royal Caribbean Cruises Ltd. in a side-by-side comparison.

Explore additional financial metrics for Royal Caribbean Cruises Ltd..

Definition of Revenue :

Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.

Royal Caribbean Cruises Ltd.'s Revenue Trend

2015	8299074000.00
2016	8496401000.00
2017	8777845000.00
2018	9493849000.00
2019	10950661000.00
2020	2208805000.00
2021	1532000000.00
2022	8840000000.00
2023	13900000000.00
2024	16485000000.00
2025	17935000000.00

Mar 2016	1917795000.00
Jun 2016	2105262000.00
Sep 2016	2563741000.00
Dec 2016	1909603000.00
Mar 2017	2008560000.00
Jun 2017	2195274000.00
Sep 2017	2569544000.00
Dec 2017	2004467000.00
Mar 2018	2027756000.00
Jun 2018	2337605000.00
Sep 2018	2796187000.00
Dec 2018	2332301000.00
Mar 2019	2439767000.00
Jun 2019	2806631000.00
Sep 2019	3186850000.00
Dec 2019	2517413000.00
Mar 2020	2032750000.00
Jun 2020	175605000.00
Sep 2020	-33688000.00
Dec 2020	34138000.00
Mar 2021	42014000.00
Jun 2021	50914000.00
Sep 2021	456958000.00
Dec 2021	982247000.00
Mar 2022	1059231000.00
Jun 2022	2184242000.00
Sep 2022	2993075000.00
Dec 2022	2603992000.00
Mar 2023	2886000000.00
Jun 2023	3523000000.00
Sep 2023	4160000000.00
Dec 2023	3331419000.00
Mar 2024	3728000000.00
Jun 2024	4110000000.00
Sep 2024	4886000000.00
Dec 2024	3761000000.00
Mar 2025	3999000000.00
Jun 2025	4538000000.00
Sep 2025	5139000000.00
Dec 2025	4259000000.00
Mar 2026	4452000000.00

2025

Royal Caribbean Cruises Ltd.'s annual revenue was $17.94 B in fiscal year 2025.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $4.00 B(Q1: Mar 2025), $4.54 B(Q2: Jun 2025), $5.14 B(Q3: Sep 2025), $4.26 B(Q4: Dec 2025) in fiscal year 2025.

2024

Royal Caribbean Cruises Ltd.'s annual revenue was $16.49 B in fiscal year 2024.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $3.73 B(Q1: Mar 2024), $4.11 B(Q2: Jun 2024), $4.89 B(Q3: Sep 2024), $3.76 B(Q4: Dec 2024) in fiscal year 2024.

2023

Royal Caribbean Cruises Ltd.'s annual revenue was $13.90 B in fiscal year 2023.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $2.89 B(Q1: Mar 2023), $3.52 B(Q2: Jun 2023), $4.16 B(Q3: Sep 2023), $3.33 B(Q4: Dec 2023) in fiscal year 2023.

2022

Royal Caribbean Cruises Ltd.'s annual revenue was $8.84 B in fiscal year 2022.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $1.06 B(Q1: Mar 2022), $2.18 B(Q2: Jun 2022), $2.99 B(Q3: Sep 2022), $2.60 B(Q4: Dec 2022) in fiscal year 2022.

2021

Royal Caribbean Cruises Ltd.'s annual revenue was $1.53 B in fiscal year 2021.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $42.01 M(Q1: Mar 2021), $50.91 M(Q2: Jun 2021), $456.96 M(Q3: Sep 2021), $982.25 M(Q4: Dec 2021) in fiscal year 2021.

2020

Royal Caribbean Cruises Ltd.'s annual revenue was $2.21 B in fiscal year 2020.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $2.03 B(Q1: Mar 2020), $175.61 M(Q2: Jun 2020), $-33.69 M(Q3: Sep 2020), $34.14 M(Q4: Dec 2020) in fiscal year 2020.

2019

Royal Caribbean Cruises Ltd.'s annual revenue was $10.95 B in fiscal year 2019.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $2.44 B(Q1: Mar 2019), $2.81 B(Q2: Jun 2019), $3.19 B(Q3: Sep 2019), $2.52 B(Q4: Dec 2019) in fiscal year 2019.

2018

Royal Caribbean Cruises Ltd.'s annual revenue was $9.49 B in fiscal year 2018.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $2.03 B(Q1: Mar 2018), $2.34 B(Q2: Jun 2018), $2.80 B(Q3: Sep 2018), $2.33 B(Q4: Dec 2018) in fiscal year 2018.

2017

Royal Caribbean Cruises Ltd.'s annual revenue was $8.78 B in fiscal year 2017.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $2.01 B(Q1: Mar 2017), $2.20 B(Q2: Jun 2017), $2.57 B(Q3: Sep 2017), $2.00 B(Q4: Dec 2017) in fiscal year 2017.

2016

Royal Caribbean Cruises Ltd.'s annual revenue was $8.50 B in fiscal year 2016.

Royal Caribbean Cruises Ltd.'s quarterly revenue was $1.92 B(Q1: Mar 2016), $2.11 B(Q2: Jun 2016), $2.56 B(Q3: Sep 2016), $1.91 B(Q4: Dec 2016) in fiscal year 2016.

Royal Caribbean Cruises Ltd.'s Revenue (Year-over-Year Change)

2015	0
2016	+2.38
2017	+3.31
2018	+8.16
2019	+15.34
2020	-79.83
2021	-30.64
2022	+477.02
2023	+57.24
2024	+18.60
2025	+8.80

Q1: Mar 16	5.63
Q2: Jun 16	2.28
Q3: Sep 16	1.61
Q4: Dec 16	0.40
Q1: Mar 17	4.73
Q2: Jun 17	4.28
Q3: Sep 17	0.23
Q4: Dec 17	4.97
Q1: Mar 18	0.96
Q2: Jun 18	6.48
Q3: Sep 18	8.82
Q4: Dec 18	16.36
Q1: Mar 19	20.32
Q2: Jun 19	20.06
Q3: Sep 19	13.97
Q4: Dec 19	7.94
Q1: Mar 20	-16.68
Q2: Jun 20	-93.74
Q3: Sep 20	-101.06
Q4: Dec 20	-98.64
Q1: Mar 21	-97.93
Q2: Jun 21	-71.01
Q3: Sep 21	0.00
Q4: Dec 21	2,777.28
Q1: Mar 22	2,421.14
Q2: Jun 22	4,190.06
Q3: Sep 22	555.00
Q4: Dec 22	165.11
Q1: Mar 23	172.46
Q2: Jun 23	61.29
Q3: Sep 23	38.99
Q4: Dec 23	27.94
Q1: Mar 24	29.18
Q2: Jun 24	16.66
Q3: Sep 24	17.45
Q4: Dec 24	12.89
Q1: Mar 25	7.27
Q2: Jun 25	10.41
Q3: Sep 25	5.18
Q4: Dec 25	13.24
Q1: Mar 26	11.33

2025

Royal Caribbean Cruises Ltd.’s annual revenue increased +8.80% during fiscal year 2025 compared to 2024. It represents a growth of $1.45 B from $16.49 B (in 2024) to $17.94 B (in 2025).

2024

Royal Caribbean Cruises Ltd.’s annual revenue increased +18.60% during fiscal year 2024 compared to 2023. It represents a growth of $2.59 B from $13.90 B (in 2023) to $16.49 B (in 2024).

2023

Royal Caribbean Cruises Ltd.’s annual revenue increased +57.24% during fiscal year 2023 compared to 2022. It represents a growth of $5.06 B from $8.84 B (in 2022) to $13.90 B (in 2023).

2022

Royal Caribbean Cruises Ltd.’s annual revenue increased +477.02% during fiscal year 2022 compared to 2021. It represents a growth of $7.31 B from $1.53 B (in 2021) to $8.84 B (in 2022).

2021

Royal Caribbean Cruises Ltd.’s annual revenue decreased -30.64% during fiscal year 2021 compared to 2020. It represents a decline of $676.81 M from $2.21 B (in 2020) to $1.53 B (in 2021).

2020

Royal Caribbean Cruises Ltd.’s annual revenue decreased -79.83% during fiscal year 2020 compared to 2019. It represents a decline of $8.74 B from $10.95 B (in 2019) to $2.21 B (in 2020).

2019

Royal Caribbean Cruises Ltd.’s annual revenue increased +15.34% during fiscal year 2019 compared to 2018. It represents a growth of $1.46 B from $9.49 B (in 2018) to $10.95 B (in 2019).

2018

Royal Caribbean Cruises Ltd.’s annual revenue increased +8.16% during fiscal year 2018 compared to 2017. It represents a growth of $716.00 M from $8.78 B (in 2017) to $9.49 B (in 2018).

2017

Royal Caribbean Cruises Ltd.’s annual revenue increased +3.31% during fiscal year 2017 compared to 2016. It represents a growth of $281.44 M from $8.50 B (in 2016) to $8.78 B (in 2017).

2016

Royal Caribbean Cruises Ltd.’s annual revenue increased +2.38% during fiscal year 2016 compared to 2015. It represents a growth of $197.33 M from $8.30 B (in 2015) to $8.50 B (in 2016).

Period	Revenue	Year-over-Year Change
Get instant access to data, Sign up for free FY 2025	$17.94 B	$1.45 B 8.8%
Q4: Dec 25	$4.26 B	$498.00 M 13.24%
Q3: Sep 25	$5.14 B	$253.00 M 5.18%
Q2: Jun 25	$4.54 B	$428.00 M 10.41%
Q1: Mar 25	$4.00 B	$271.00 M 7.27%
Get instant access to data, Sign up for free FY 2024	$16.49 B	$2.59 B 18.6%
Q4: Dec 24	$3.76 B	$429.58 M 12.89%
Q3: Sep 24	$4.89 B	$726.00 M 17.45%
Q2: Jun 24	$4.11 B	$587.00 M 16.66%
Q1: Mar 24	$3.73 B	$842.00 M 29.18%
Get instant access to data, Sign up for free FY 2023	$13.90 B	$5.06 B 57.24%
Q4: Dec 23	$3.33 B	$727.43 M 27.94%
Q3: Sep 23	$4.16 B	$1.17 B 38.99%
Q2: Jun 23	$3.52 B	$1.34 B 61.29%
Q1: Mar 23	$2.89 B	$1.83 B 172.46%
Get instant access to data, Sign up for free FY 2022	$8.84 B	$7.31 B 477.02%
Q4: Dec 22	$2.60 B	$1.62 B 165.11%
Q3: Sep 22	$2.99 B	$2.54 B 555%
Q2: Jun 22	$2.18 B	$2.13 B 4190.06%
Q1: Mar 22	$1.06 B	$1.02 B 2421.14%
Get instant access to data, Sign up for free FY 2021	$1.53 B	-$676.81 M 30.64%
Q4: Dec 21	$982.25 M	$948.11 M 2777.28%
Q3: Sep 21	$456.96 M	-
Q2: Jun 21	$50.91 M	-$124.69 M 71.01%
Q1: Mar 21	$42.01 M	-$1.99 B 97.93%
Get instant access to data, Sign up for free FY 2020	$2.21 B	-$8.74 B 79.83%
Q4: Dec 20	$34.14 M	-$2.48 B 98.64%
Q3: Sep 20	-$33.69 M	-$3.22 B 101.06%
Q2: Jun 20	$175.61 M	-$2.63 B 93.74%
Q1: Mar 20	$2.03 B	-$407.02 M 16.68%
Get instant access to data, Sign up for free FY 2019	$10.95 B	$1.46 B 15.34%
Q4: Dec 19	$2.52 B	$185.11 M 7.94%
Q3: Sep 19	$3.19 B	$390.66 M 13.97%
Q2: Jun 19	$2.81 B	$469.03 M 20.06%
Q1: Mar 19	$2.44 B	$412.01 M 20.32%
Get instant access to data, Sign up for free FY 2018	$9.49 B	$716.00 M 8.16%
Q4: Dec 18	$2.33 B	$327.83 M 16.36%
Q3: Sep 18	$2.80 B	$226.64 M 8.82%
Q2: Jun 18	$2.34 B	$142.33 M 6.48%
Q1: Mar 18	$2.03 B	$19.20 M 0.96%
Get instant access to data, Sign up for free FY 2017	$8.78 B	$281.44 M 3.31%
Q4: Dec 17	$2.00 B	$94.86 M 4.97%
Q3: Sep 17	$2.57 B	$5.80 M 0.23%
Q2: Jun 17	$2.20 B	$90.01 M 4.28%
Q1: Mar 17	$2.01 B	$90.77 M 4.73%
Get instant access to data, Sign up for free FY 2016	$8.50 B	$197.33 M 2.38%
Q4: Dec 16	$1.91 B	$7.55 M 0.4%
Q3: Sep 16	$2.56 B	$40.64 M 1.61%
Q2: Jun 16	$2.11 B	$46.94 M 2.28%
Q1: Mar 16	$1.92 B	$102.20 M 5.63%

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Royal Caribbean Cruises Ltd.'s Revenue (2016 - 2025)

Royal Caribbean Cruises Ltd.'s Revenue Trend

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Royal Caribbean Cruises Ltd.'s Revenue (Year-over-Year Change)

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

Royal Caribbean Cruises Ltd. Revenue History

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