Royal Caribbean Cruises (RCL) earnings history
Most recent quarter
- Fiscal period
- Q2 2026
- Period end
- Jun 30, 2026
- EPS actual
- $4.21
- EPS estimate
- $3.98
- EPS surprise
- +5.69%
- Revenue surprise
- +0.31%
- Revenue
- $4.8B
- Revenue estimate
- $4.8B
- Reported
- Jul 28, 2026
Royal Caribbean reported Q2 2026 results on July 28, 2026. Earnings per share came in at $4.21, ahead of the $3.98 estimate by 5.69%. Revenue was $4.8 billion, 0.31% above the consensus, also near $4.8 billion. Compared with Q2 2025, EPS fell about 3.9% from $4.38, while revenue rose about 6.7% from $4.5 billion.
The longer record shows a sharp turnaround. The company posted losses in six of the seven quarters from Q3 2021 through Q1 2023. The deepest was a loss of $4.91 per share in Q3 2021. Annual results moved from a loss of $7.51 per share in 2022 to a profit of $6.69 in 2023, then $11.81 in 2024 and $15.64 in 2025. The first half of 2026 adds up to $7.81 per share, about 10% more than a year earlier. Q3 has been the strongest quarter of each year since 2023, and Q3 2025 set the highs here at $5.75 per share and $5.1 billion. It topped the EPS estimate in 17 of the last 20 quarters.
Royal Caribbean reported Q3 results between October 26 and November 3 in each of the past five years. That points to late October 2026 for the next one.
Earnings history
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 28, 2026 | $3.98 | $4.21 | +5.69% | $4.8B | SEC |
| Q1 2026 | Apr 30, 2026 | $3.20 | $3.60 | +12.41% | $4.5B | SEC |
| Q4 2025 | Jan 29, 2026 | $2.80 | $2.80 | +0.11% | $4.3B | SEC |
| Q3 2025 | Oct 28, 2025 | $5.69 | $5.75 | +1.10% | $5.1B | SEC |
| Q2 2025 | Jul 29, 2025 | $4.09 | $4.38 | +7.18% | $4.5B | SEC |
| Q1 2025 | Apr 29, 2025 | $2.55 | $2.71 | +6.27% | $4.0B | SEC |
| Q4 2024 | Jan 28, 2025 | $1.50 | $1.63 | +8.91% | $3.8B | SEC |
| Q3 2024 | Oct 29, 2024 | $5.04 | $5.20 | +3.27% | $4.9B | SEC |
| Q2 2024 | Jul 25, 2024 | $2.76 | $3.21 | +16.37% | $4.1B | SEC |
| Q1 2024 | Apr 25, 2024 | $1.33 | $1.77 | +32.93% | $3.7B | SEC |
| Q4 2023 | Feb 1, 2024 | $1.14 | $1.25 | +9.24% | $3.3B | SEC |
| Q3 2023 | Oct 26, 2023 | $3.46 | $3.85 | +11.24% | $4.2B | SEC |
| Q2 2023 | Jul 27, 2023 | $1.57 | $1.82 | +15.67% | $3.5B | SEC |
| Q1 2023 | May 4, 2023 | −$0.69 | −$0.23 | +66.90% | $2.9B | SEC |
| Q4 2022 | Feb 7, 2023 | −$1.33 | −$1.12 | +16.07% | $2.6B | SEC |
| Q3 2022 | Nov 3, 2022 | $0.20 | $0.26 | +31.38% | $3.0B | SEC |
| Q2 2022 | Jul 28, 2022 | −$2.20 | −$2.08 | +5.39% | $2.2B | SEC |
| Q1 2022 | May 5, 2022 | −$4.46 | −$4.57 | −2.57% | $1.1B | SEC |
| Q4 2021 | Feb 4, 2022 | −$3.92 | −$4.78 | −22.02% | $982.2M | SEC |
| Q3 2021 | Oct 29, 2021 | −$4.39 | −$4.91 | −11.73% | $457.0M | SEC |
Quarterly revenue
Frequently asked questions
When did Royal Caribbean Cruises (RCL) last report earnings?
Royal Caribbean Cruises last reported on Jul 28, 2026, covering fiscal Q2 2026.
Did RCL beat earnings estimates?
Yes. Royal Caribbean Cruises reported EPS of $4.21 for Q2 2026 against a $3.98 estimate — a 5.69% beat.
How much revenue did RCL report last quarter?
Royal Caribbean Cruises reported $4.8B in revenue for Q2 2026, against a consensus estimate of $4.8B.
Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.
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