How Royal Caribbean Cruises (RCL) Makes Money: A Visual Guide
Royal Caribbean Cruises (RCL) generated $17.93B in revenue (TTM through Q4 2025), earning $4.27B in net profit (23.8% margin). Its largest revenue source is Cruise Itinerary (95.2% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Royal Caribbean Cruises (RCL) Income Statement Flow
Frequently asked questions
How does Royal Caribbean Cruises (RCL) make money?
- Royal Caribbean Cruises (RCL) primarily makes money through Cruise Itinerary, which accounts for 95.2% of total revenue. For TTM through Q4 2025, Royal Caribbean Cruises generated $17.93B in total revenue with a net profit margin of 23.8%.
What is Royal Caribbean Cruises (RCL) gross profit margin?
- Royal Caribbean Cruises (RCL) reported a gross profit margin of 46.8% for TTM through Q4 2025, equivalent to $8.40B in gross profit. This means Royal Caribbean Cruises retains 46.8% of each revenue unit after direct costs of production.
What is Royal Caribbean Cruises (RCL) operating profit margin?
- Royal Caribbean Cruises (RCL) reported an operating profit margin of 27.4% for TTM through Q4 2025, equivalent to $4.91B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Royal Caribbean Cruises (RCL) net profit margin?
- Royal Caribbean Cruises (RCL) reported a net profit margin of 23.8% for TTM through Q4 2025, equivalent to $4.27B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Royal Caribbean Cruises (RCL) spend on capital expenditures?
- Royal Caribbean Cruises (RCL) spent $5.23B on capital expenditures in TTM through Q4 2025 (29.2% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Royal Caribbean Cruises (RCL) free cash flow?
- Royal Caribbean Cruises (RCL) generated $1.24B in free cash flow for TTM through Q4 2025 (6.9% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Royal Caribbean Cruises (RCL) effective tax rate?
- Royal Caribbean Cruises (RCL) had an effective tax rate of 0.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.