Consumer Discretionary · Hotels, Resorts & Cruise Lines
Royal Caribbean Group: revenue, profit and dividends
In fiscal 2025, Royal Caribbean Group had revenue of $17.9B, up 8.0% a year on average since 2015, and net income of $4.27B (23.8% of revenue). It paid a dividend of $3.50 a share. It has 24% more shares than in 2015.
Revenue, fiscal 2025
average annual revenue growth since 2015 · +8.8% vs 2024
- Ticker
- RCL · NYSE
- Sector
- Consumer Discretionary
- Sub-industry
- Hotels, Resorts & Cruise Lines
- Headquarters
- Miami, Florida
- Founded
- 1997
- In the S&P 500 since
- December 5, 2014
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Royal Caribbean Cruises Ltd · CIK 0000884887
Revenue and net income
Revenue went from $6.53B in 2008 to $17.9B in 2025. Net loss in 2020–2022.
Diluted earnings per share
Diluted EPS went from $2.68 in 2008 to $15.61 in 2025. Ten-year growth: 17.9% a year.
Dividends per share
Raised 1 year in a row, every year from 2025 to 2025. Ten-year growth: 10.0% a year.
Shares outstanding
24.2% more shares in 2025 than in 2015 (221M → 274M): new shares outweighed buybacks.
Operating cash flow, capex and free cash flow
Free cash flow (operating cash flow minus capital expenditure) was $1.24B in 2025, 6.9% of revenue. Negative in 2008–2010, 2014, 2018, 2020–2022.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Dividend | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $17.9B | $4.27B | 23.8% | $15.61 | $3.50 | 274M | $6.46B | $5.23B | $1.24B |
| 2024 | $16.5B | $2.88B | 17.5% | $10.94 | $0.95 | 279M | $5.26B | $3.27B | $2.0B |
| 2023 | $13.9B | $1.7B | 12.2% | $6.31 | $0.00 | 283M | $4.48B | $3.9B | $580M |
| 2022 | $8.84B | −$2.16B | −24.4% | −$8.45 | $0.00 | 255M | $481M | $2.71B | −$2.23B |
| 2021 | $1.53B | −$5.26B | −343.3% | −$20.89 | — | 252M | −$1.88B | $2.23B | −$4.11B |
| 2020 | $2.21B | −$5.8B | −262.5% | −$27.05 | $0.78 | 214M | −$3.73B | $1.97B | −$5.7B |
| 2019 | $11B | $1.88B | 17.2% | $8.95 | $2.96 | 210M | $3.72B | $3.02B | $692M |
| 2018 | $9.49B | $1.81B | 19.1% | $8.56 | $2.60 | 212M | $3.48B | $3.66B | −$181M |
| 2017 | $8.78B | $1.63B | 18.5% | $7.53 | $2.16 | 216M | $2.87B | $564M | $2.31B |
| 2016 | $8.5B | $1.28B | 15.1% | $5.93 | $1.71 | 216M | $2.52B | $2.49B | $22.3M |
| 2015 | $8.3B | $666M | 8.0% | $3.02 | $1.35* | 221M | $1.95B | $1.61B | $333M |
| 2014 | $8.07B | $764M | 9.5% | $3.43 | $1.10* | 223M | $1.74B | $1.81B | −$67.6M |
| 2013 | $7.96B | $474M | 6.0% | $2.14 | $0.74* | 221M | $1.41B | $764M | $648M |
| 2012 | $7.69B | $18.3M | 0.2% | $0.08 | $0.44* | 219M | $1.38B | $1.29B | $90.2M |
| 2011 | $7.54B | $607M | 8.1% | $2.77 | — | 219M | $1.46B | $1.17B | $282M |
| 2010 | $6.75B | $516M | 7.6% | $2.37 | — | 218M | $1.66B | $2.19B | −$524M |
| 2009 | $5.89B | $152M | 2.6% | $0.71 | — | 215M | $845M | $2.48B | −$1.63B |
| 2008 | $6.53B | $574M | 8.8% | $2.68 | — | — | $1.07B | $2.22B | −$1.15B |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data. * added up from quarterly reports.
About these figures
- Dividends per share for 2012–2015 are added up from the quarterly reports. For 2012 the annual figure filed was a single quarter’s dividend.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Hotels, Resorts & Cruise Lines companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.