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Just reported
Q3 2026 results
From Royal Caribbean Cruises's results release of October 27, 2026; its quarterly report has since been filed.
Revenue
Actual
$5.59B
+8.8% y/y
+16% q/qGuided
—
No guide given
EPS, GAAP
Actual
$6.45
+12% y/y
+54% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$1.87B
+9.9% y/y
+43% q/qGuided
—
No guide given
Company outlook
Full year 2026
- EPS, adjusted$17.85 – $17.95Raised +0.6%
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Royal Caribbean Cruises is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
The theme it is part of
Highest-graded in Travel Services
Graded A or B and worth $2B or more: A first, then the largest.
VIKViking Holdings Ltd$40.2BA+
LINDLindblad Expeditions Holdings, Inc.$2.3BA
BKNGBooking Holdings Inc.$119.1BB+
ABNBAirbnb, Inc.$108.1BB+
CCLCarnival Corp Ltd.$41.3BB+
Grade rose recently in Consumer Discretionary
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
TMToyota Motor Corp.Aug 4, 2026BAGraded B, now A
AZOAutoZone, Inc.Oct 26, 2026CBGraded C, now B
SWSmurfit Westrock plcOct 28, 2026CBGraded C, now B
HSAIHesai GroupNov 10, 2026CBGraded C, now B
YUMCYum China Holdings, Inc.Nov 5, 2026BAGraded B, now A
How it makes money
- Cruise Itinerary46%
- Passenger34%
- Product and Service Other15%
- Port Costs4%
Shares of revenue are estimates for year ended December 31, 2025, not figures from a filing.
Competes with
What it sells6
Royal Caribbean cruises
Trips on ships with family activities, dining and entertainment, visiting destinations around the world.
Celebrity Cruises
Upscale cruises with dining, accommodations, entertainment and itineraries to destinations around the world.
Silversea
Luxury and expedition cruises on smaller ships, including trips to remote destinations such as Antarctica and the Arctic.
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Private destinations
Land-based stops and beach experiences reserved for guests on the company's trips.
Onboard extras
Optional purchases such as drinks, internet access, shore excursions, spa services, gaming and specialty restaurants.
TUI Cruises and Hapag-Lloyd Cruises
Cruises for German-speaking guests, operated by a joint venture with TUI AG.
Who buys it3
- Families, couples and other vacationers book cruises directly through company websites, phone services and mobile apps, or through travel advisors.
- Guests can buy optional onboard services and activities before sailing or during their trip.
- The TUI Cruises and Hapag-Lloyd Cruises brands serve German-market travelers with cruises tailored to their preferences.
What it stands on, and what could break it
What the business leans on
- 1The business depends on shipyards and their suppliers to build, upgrade, repair and maintain its ships.
- 2Travel advisors are an important channel for selling and marketing cruises.
- 3Cruises depend on fuel, ports of call, port facilities and third-party suppliers and service providers.
- 4Operations depend on compliance with international and local rules governing ship safety, health, labor and environmental impacts.
What could go wrong
- 1Economic downturns, illness outbreaks, severe weather, conflict or incidents affecting the cruise industry can cause travelers to cancel trips or spend less.
- 2Delays or problems at shipyards can disrupt new ship deliveries, upgrades and repairs; new ships also require substantial capital spending.
- 3Environmental and maritime rules can raise operating costs or limit where and how ships operate, including through emissions and fuel requirements.
About Royal Caribbean Cruises Ltd.
Royal Caribbean Group sells trips on its Royal Caribbean, Celebrity Cruises and Silversea ships, with itineraries to destinations around the world. It also earns money from food, drinks, entertainment, internet access and excursions sold during trips, and from private destinations and port services. A joint venture with TUI AG operates the German cruise brands TUI Cruises and Hapag-Lloyd Cruises.
- Head office
- Miami, Florida, United States
- Founded
- 1968
- Employees
- 108,000 (December 31, 2025, high)
- Listed on
- NYSE
- Financial year ends
- December 31
Built from Royal Caribbean Cruises Ltd.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.