Operating Income for Royal Caribbean Cruises (RCL)
According to Royal Caribbean Cruises's latest reported financial statements, the company's current operating income (TTM) is $4.91B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$4.91B
YoY change
+19.6%
5Y CAGR
N/A
Peak year (2025)
$4.91B
Cumulative operating income
$20.09B
Operating Income history chart for Royal Caribbean Cruises (RCL) from 1991 to 2025
Operating Income history table for Royal Caribbean Cruises (RCL) from 1991 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.91B | +19.6% | ||
| 2024 | $4.11B | +42.7% | ||
| 2023 | $2.88B | -475.7% | ||
| 2022 | -$766.00M | -80.2% | ||
| 2021 | -$3.87B | -15.9% | ||
| 2020 | -$4.60B | -320.9% | ||
| 2019 | $2.08B | +9.9% | ||
| 2018 | $1.89B | +8.6% | ||
| 2017 | $1.74B | +18.1% | ||
| 2016 | $1.48B | +68.8% | ||
| 2015 | $874.90M | -7.1% | ||
| 2014 | $941.86M | +18.0% | ||
| 2013 | $798.15M | +98.0% | ||
| 2012 | $403.11M | -56.7% | ||
| 2011 | $931.63M | +16.1% | ||
| 2010 | $802.63M | +64.3% | ||
| 2009 | $488.51M | -41.3% | ||
| 2008 | $831.98M | -7.7% | ||
| 2007 | $901.34M | +5.0% | ||
| 2006 | $858.45M | -1.5% | ||
| 2005 | $871.57M | +15.7% | ||
| 2004 | $753.59M | +43.2% | ||
| 2003 | $526.18M | -4.5% | ||
| 2002 | $550.98M | +20.9% | ||
| 2001 | $455.61M | -20.0% | ||
| 2000 | $569.54M | +18.6% | ||
| 1999 | $480.17M | -1.8% | ||
| 1998 | $488.74M | -153.4% | ||
| 1997 | -$915.80M | +43.7% | ||
| 1996 | -$637.50M | +14.1% | ||
| 1995 | -$558.60M | +2.8% | ||
| 1994 | -$543.20M | -436.3% | ||
| 1993 | $161.50M | +16.8% | ||
| 1992 | $138.30M | +115.4% | ||
| 1991 | $64.20M | — |
Operating Income values are taken from Royal Caribbean Cruises's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Royal Caribbean Cruises (RCL) came in at $4.91B – grew 19.6% year-over-year.
Through 2015–2025 (10 years), Royal Caribbean Cruises operating income delivered a +18.8% annualised rate; sustaining 5 straight years of year-over-year growth.
$4.91B stands as the all-time-high annual operating income, posted in 2025, against a low of -$4.60B during 2020.
Royal Caribbean Cruises (RCL) sits 8th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $16.64B.
Royal Caribbean Cruises Operating Income by Year
Royal Caribbean Cruises Operating Income 2025: $4.91B
Royal Caribbean Cruises operating income in 2025 was $4.91B, grew 19.6% from 2024. This figure represents the highest annual value in the available history.
Royal Caribbean Cruises Operating Income 2024: $4.11B
Royal Caribbean Cruises operating income in 2024 was $4.11B, surged 42.7% from 2023.
Royal Caribbean Cruises Operating Income 2023: $2.88B
Royal Caribbean Cruises operating income in 2023 was $2.88B, plunged 475.7% below 2022.
Royal Caribbean Cruises Operating Income 2022: -$766.00M
Royal Caribbean Cruises operating income in 2022 was -$766.00M, plunged 80.2% below 2021.
Royal Caribbean Cruises Operating Income 2021: -$3.87B
Royal Caribbean Cruises operating income in 2021 was -$3.87B.
See more financial history for Royal Caribbean Cruises (RCL).
Sector peers — Operating Income
Companies in the same sector as Royal Caribbean Cruises, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Royal Caribbean Cruises's operating income?
- Latest reported operating income for Royal Caribbean Cruises (RCL) is $4.91B (period ending December 31, 2025).
How has Royal Caribbean Cruises operating income changed year-over-year?
- Royal Caribbean Cruises (RCL) operating income changed +19.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Royal Caribbean Cruises operating income?
- Royal Caribbean Cruises (RCL) operating income compound annual growth rate is +18.8% over the most recent 10 years available.
When did Royal Caribbean Cruises operating income hit its highest annual value?
- Royal Caribbean Cruises operating income reached its highest annual value of $4.91B in 2025.
What was Royal Caribbean Cruises operating income in 2024?
- Royal Caribbean Cruises (RCL) operating income in 2024 was $4.11B.
What was Royal Caribbean Cruises operating income in 2025?
- Royal Caribbean Cruises (RCL) operating income in 2025 was $4.91B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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