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Net Profit Margin for Royal Caribbean Cruises (RCL)

As of · Reported

Metric

TTM

24.4%

YoY change

+6.37pp

Trough year (2021)

-343.3%

Peak year (2025)

23.8%

Net Profit Margin history chart for Royal Caribbean Cruises (RCL) from 1991 to 2025

Latest: 23.8%

Net Profit Margin change chart for Royal Caribbean Cruises (RCL) from 1991 to 2025

Latest: +6.37pp

Net Profit Margin history table for Royal Caribbean Cruises (RCL) from 1991 to 2025

  • 202523.8%+6.37pp
  • 202417.5%+5.24pp
  • 202312.2%+36.60pp
  • 2022-24.4%+318.95pp
  • 2021-343.3%-80.87pp
  • 2020-262.5%-279.63pp
  • 201917.2%-1.92pp
  • 201819.1%+0.56pp
  • 201718.5%+3.41pp
  • 201615.1%+7.08pp
  • 20158.0%-1.44pp
  • 20149.5%+3.51pp
  • 20136.0%+5.71pp
  • 20120.2%-7.82pp
  • 20118.1%+0.42pp
  • 20107.6%+4.88pp
  • 20092.8%-6.02pp
  • 20088.8%-1.03pp
  • 20079.8%-2.31pp
  • 200612.1%-2.48pp
  • 200514.6%+4.18pp
  • 200410.4%+3.00pp
  • 20037.4%-2.81pp
  • 200210.2%+2.14pp
  • 20018.1%-7.45pp
  • 200015.5%+0.46pp
  • 199915.1%+2.53pp
  • 199812.5%+3.52pp
  • 19979.0%-2.09pp
  • 199611.1%-1.47pp
  • 199512.6%+0.92pp
  • 199411.7%+2.07pp
  • 19939.6%+3.61pp
  • 19926.0%+5.42pp
  • 19910.6%—

Net Profit Margin values are taken from Royal Caribbean Cruises's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Net Profit Margin at Royal Caribbean Cruises (RCL)

According to Royal Caribbean Cruises's latest reported financial statements, the company's latest reported net margin is 24.4%. Net profit margin is net income divided by revenue — the bottom-line share of each sales dollar that remains after all costs, including operating expenses, interest, and taxes. It is the most comprehensive profitability ratio, though it can swing on one-off items, so read it alongside the multi-year trend below.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Royal Caribbean Cruises (RCL) most recent annual net margin stands at 23.82% (2025) – expanded 6.4 percentage points year-over-year.

23.82% stands as the all-time-high annual net margin, posted in 2025, against a low of -343.34% during 2021.

Royal Caribbean Cruises Net Profit Margin by Year

Royal Caribbean Cruises Net Profit Margin 2025: 23.8%

In 2025, Royal Caribbean Cruises reported net margin of 23.82%, expanded 6.4 percentage points from 2024. This figure represents the highest annual value in the available history.

Royal Caribbean Cruises Net Profit Margin 2024: 17.5%

Royal Caribbean Cruises net margin in 2024 was 17.45%, expanded 5.2 percentage points from 2023.

Royal Caribbean Cruises Net Profit Margin 2023: 12.2%

2023's net margin for Royal Caribbean Cruises came in at 12.21%, expanded 36.6 percentage points from 2022.

Royal Caribbean Cruises Net Profit Margin 2022: -24.4%

Royal Caribbean Cruises posted net margin of -24.39% in 2022, expanded 319.0 percentage points from 2021.

Royal Caribbean Cruises Net Profit Margin 2021: -343.3%

Royal Caribbean Cruises net margin in 2021 was -343.34%.

See more financial history for Royal Caribbean Cruises (RCL).

Sector peers by Net Profit Margin

Consumer Cyclical peers of Royal Caribbean Cruises (RCL), ranked by their latest net margin

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