Royal Caribbean Group
Operates Royal Caribbean, Celebrity and Silversea cruises alongside private destinations.
Something off on this page? Send us feedback.
Profile
Sells contemporary, premium and ultra-luxury vacations through Royal Caribbean, Celebrity Cruises and Silversea, earning mainly from passenger fares plus onboard purchases. Private destinations, a half-owned German cruise venture and Celebrity’s planned river fleet extend a capital-intensive cruise platform.
Runs three wholly owned vacation brands: Royal Caribbean serves the contemporary family and premium markets, Celebrity Cruises targets premium travelers, and Silversea covers ultra-luxury and expedition voyages. A half-owned TUI Cruises venture operates Mein Schiff and Hapag-Lloyd Cruises for German-speaking guests.
Earns primarily from passenger fares, supplemented by onboard goods and services. Ships sail worldwide, while most global-brand guests come from North America. Private destinations, loyalty programs and technology connect booking, onboard spending and repeat travel; Celebrity is also extending into European river cruising.
Manages the brands as one reportable segment and invests heavily in new ships and destination infrastructure. Operations depend on discretionary travel demand, port access, shipyard delivery, fuel and foreign-exchange costs, and maritime, health and environmental regulation.
Company facts
Categories
Key statistics
Year to date −1.3% · Average volume (30d) 1.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | UBS | Reiterate | Buy | $309 | $367 |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Equal Weight | $280 | $300 |
| Jul 29, 2026 | Susquehanna | Reiterate | Positive | $350 | $372 |
| Jul 29, 2026 | Stifel Nicolaus | Target | $410 | $415 | |
| Jul 29, 2026 | Wells Fargo | Reiterate | Overweight | $361 | $388 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $3.98 | $4.21 | +5.8% | $4.82B | $4.83B | +0.3% | +0.33% |
| Apr 30, 2026Q1 FY26 | $3.24 | $3.60 | +11.1% | $4.46B | $4.45B | −0.3% | +0.68% |
| Jan 29, 2026Q4 FY25 | $2.80 | $2.80 | 0.0% | $4.26B | $4.26B | −0.1% | −6.17% |
| Oct 28, 2025Q3 FY25 | $5.69 | $5.75 | +1.1% | $5.17B | $5.14B | −0.5% | −4.40% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.00B | $4.54B | $5.14B | $4.26B | $4.45B | $4.83B | |
| Gross profit | $1.92B | $2.26B | $2.66B | $1.56B | $2.21B | $2.29B | |
| Operating income | $945.0M | $1.33B | $1.70B | $933.0M | $1.16B | $1.31B | |
| Net income | $730.0M | $1.21B | $1.58B | $754.0M | $941.0M | $1.13B | |
| Diluted EPS | $2.70 | $4.41 | $5.74 | $2.76 | $3.48 | $4.20 | |
| Gross margin | 48.0% | 49.7% | 51.8% | 36.7% | 49.5% | 47.3% | |
| Operating margin | 23.6% | 29.3% | 33.1% | 21.9% | 26.1% | 27.0% |
Fiscal years (4-quarter sums)FY21 $1.53B · FY22 $8.84B · FY23 $13.90B · FY24 $16.49B · FY25 $17.94B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $875.0M · Total debt $23.52B · Total assets $44.64B · Shareholders' equity $10.24B
Dividends
Last raised to $1.50 from $1.00 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 3, 2026 | Jun 3 | Jul 2 | $1.50 | |
| Mar 6, 2026 | Mar 6 | Apr 3 | $1.50 | raised from $1.00 |
| Dec 26, 2025 | Dec 26 | Jan 14 | $1.00 | |
| Sep 25, 2025 | Sep 25 | Oct 13 | $1.00 | raised from $0.75 |
| Jun 4, 2025 | Jun 4 | Jul 3 | $0.75 | |
| Mar 7, 2025 | Mar 7 | Apr 4 | $0.75 | raised from $0.55 |
| Dec 27, 2024 | Dec 27 | Jan 13 | $0.55 | raised from $0.40 |
| Sep 20, 2024 | Sep 20 | Oct 11 | $0.40 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 268.20M · Float 253.67M · 94.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital Research Global Investors | 34.26M | 12.77% | 13F | Aug 12, 2026 |
| Capital International Investors | 24.49M | 9.13% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 20.63M | 7.69% | 13F | Aug 7, 2026 |
| Capital World Investors | 18.67M | 6.96% | 13F | Aug 12, 2026 |
| A Wilhelmsen A S | 18.17M | 6.80% | 13G | Feb 12, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Michael W. Bayley | officer: Pres&CEO, Royal Caribbean Intl | −12,811 | $315.99 |
| Feb 27, 2026 | Arne Alexander Wilhelmsen | director | −245,476 | $311.54 |
| Feb 26, 2026 | Arne Alexander Wilhelmsen | director | −356,026 | $318.39 |
| Feb 25, 2026 | Arne Alexander Wilhelmsen | director | −170,105 | $315.92 |
| Feb 24, 2026 | Arne Alexander Wilhelmsen | director | −345,111 | $315.73 |
Peers
- Carnival
World's #1 cruise operator by capacity, spanning mass-market to ultra-luxury.
- Norwegian Cruise Line
Global #3 cruise operator; brand-for-brand rival mainstream to ultra-luxury.
- Viking
Premium adult-only river, ocean, and expedition operator; #1 in European rivers.
- Lindblad Expeditions
Leading expedition cruise specialist, co-branded with National Geographic.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Royal Caribbean Group | $279.95 | +0.17% | $74.94B | 17.3 | 14.8 | 4.0 | +6.5% |
| Carnival | $24.88 | +0.50% | $33.91B | 11.2 | 10.6 | 1.2 | +5.3% |
| Norwegian Cruise Line | $16.72 | +0.35% | $7.64B | 10.4 | 12.7 | 0.8 | +4.9% |
| Viking | $88.87 | +0.42% | $39.31B | 29.3 | 24.3 | 5.6 | +16.5% |
| Lindblad Expeditions | $29.59 | +0.03% | $1.94B | — | 114.8 | 2.3 | +18.6% |
| Median | 11.2 | 18.5 | 1.8 | +10.9% |