# Royal Caribbean Cruises (RCL) — Earnings

RCL · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/rcl/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| 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 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/884887/000088488726000036/rcl-20260728.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/26386b96-9440-95c4-a2fb-3fadb9097f61.html) |

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

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 28, 2026 | $3.98 | $4.21 | 5.69% | $4.8B | $4.8B |
| Q1 2026 | Apr 30, 2026 | $3.20 | $3.60 | 12.41% | $4.5B | $4.5B |
| Q4 2025 | Jan 29, 2026 | $2.80 | $2.80 | 0.11% | $4.3B | $4.3B |
| Q3 2025 | Oct 28, 2025 | $5.69 | $5.75 | 1.10% | $5.2B | $5.1B |
| Q2 2025 | Jul 29, 2025 | $4.09 | $4.38 | 7.18% | $4.6B | $4.5B |
| Q1 2025 | Apr 29, 2025 | $2.55 | $2.71 | 6.27% | $4.0B | $4.0B |
| Q4 2024 | Jan 28, 2025 | $1.50 | $1.63 | 8.91% | $3.8B | $3.8B |
| Q3 2024 | Oct 29, 2024 | $5.04 | $5.20 | 3.27% | $4.9B | $4.9B |
| Q2 2024 | Jul 25, 2024 | $2.76 | $3.21 | 16.37% | $4.0B | $4.1B |
| Q1 2024 | Apr 25, 2024 | $1.33 | $1.77 | 32.93% | $3.7B | $3.7B |
| Q4 2023 | Feb 1, 2024 | $1.14 | $1.25 | 9.24% | $3.4B | $3.3B |
| Q3 2023 | Oct 26, 2023 | $3.46 | $3.85 | 11.24% | $4.1B | $4.2B |
| Q2 2023 | Jul 27, 2023 | $1.57 | $1.82 | 15.67% | $3.4B | $3.5B |
| Q1 2023 | May 4, 2023 | −$0.69 | −$0.23 | 66.90% | $2.8B | $2.9B |
| Q4 2022 | Feb 7, 2023 | −$1.33 | −$1.12 | 16.07% | $2.6B | $2.6B |
| Q3 2022 | Nov 3, 2022 | $0.20 | $0.26 | 31.38% | $3.0B | $3.0B |
| Q2 2022 | Jul 28, 2022 | −$2.20 | −$2.08 | 5.39% | $2.1B | $2.2B |
| Q1 2022 | May 5, 2022 | −$4.46 | −$4.57 | -2.57% | $1.1B | $1.1B |
| Q4 2021 | Feb 4, 2022 | −$3.92 | −$4.78 | -22.02% | $1.0B | $982.2M |
| Q3 2021 | Oct 29, 2021 | −$4.39 | −$4.91 | -11.73% | $567.0M | $457.0M |

## 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.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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