Royal Caribbean Cruises annual capital expenditures (capex)
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2025
Royal Caribbean Cruises Capital Expenditures (CapEx) Growth & History (RCL)
Royal Caribbean Cruises's capital expenditures (capex) was $5.23B for fiscal 2025.
View full Royal Caribbean Cruises company overviewRoyal Caribbean Cruises annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.23B | $1.96B | +60.01% |
| 2024 | 2024-12-31 | $3.27B | −$629.0M | −16.14% |
| 2023 | 2023-12-31 | $3.90B | $1.19B | +43.80% |
| 2022 | 2022-12-31 | $2.71B | $480.0M | +21.52% |
| 2021 | 2021-12-31 | $2.23B | $264.9M | +13.48% |
| 2020 | 2020-12-31 | $1.97B | −$1.06B | −35.03% |
| 2019 | 2019-12-31 | $3.02B | −$635.4M | −17.36% |
| 2018 | 2018-12-31 | $3.66B | $3.10B | +548.78% |
| 2017 | 2017-12-31 | $564.1M | −$1.93B | −77.38% |
| 2016 | 2016-12-31 | $2.49B | $881.0M | +54.61% |
| 2015 | 2015-12-31 | $1.61B | −$198.1M | −10.93% |
| 2014 | 2014-12-31 | $1.81B | $1.05B | +137.16% |
| 2013 | 2013-12-31 | $763.8M | −$527.7M | −40.86% |
| 2012 | 2012-12-31 | $1.29B | $117.9M | +10.04% |
| 2011 | 2011-12-31 | $1.17B | −$1.01B | −46.34% |
| 2010 | 2010-12-31 | $2.19B | −$290.4M | −11.72% |
| 2009 | 2009-12-31 | $2.48B | $254.0M | +11.42% |
| 2008 | 2008-12-31 | $2.22B | — | — |
Royal Caribbean Cruises quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.74B | $1.90B | +227.39% |
| Q1 2026 | 2026-03-31 | $500.0M | $72.0M | +16.82% |
| Q4 2025 | 2025-12-31 | $1.51B | $955.0M | +173.01% |
| Q3 2025 | 2025-09-30 | $2.46B | $2.12B | +635.93% |
| Q2 2025 | 2025-06-30 | $836.0M | −$1.30B | −60.93% |
| Q1 2025 | 2025-03-31 | $428.0M | $186.0M | +76.86% |
| Q4 2024 | 2024-12-31 | $552.0M | −$2.02B | −78.50% |
| Q3 2024 | 2024-09-30 | $334.0M | $53.0M | +18.86% |
| Q2 2024 | 2024-06-30 | $2.14B | $1.34B | +168.84% |
| Q1 2024 | 2024-03-31 | $242.0M | −$10.0M | −3.97% |
| Q4 2023 | 2023-12-31 | $2.57B | $2.40B | +1440.18% |
| Q3 2023 | 2023-09-30 | $281.0M | $55.5M | +24.60% |
| Q2 2023 | 2023-06-30 | $796.0M | −$158.7M | −16.62% |
| Q1 2023 | 2023-03-31 | $252.0M | −$1.11B | −81.51% |
| Q4 2022 | 2022-12-31 | $166.7M | −$409.0M | −71.04% |
| Q3 2022 | 2022-09-30 | $225.5M | −$142.6M | −38.73% |
| Q2 2022 | 2022-06-30 | $954.7M | $730.2M | +325.27% |
| Q1 2022 | 2022-03-31 | $1.36B | $301.4M | +28.39% |
| Q4 2021 | 2021-12-31 | $575.7M | $183.8M | +46.91% |
| Q3 2021 | 2021-09-30 | $368.1M | $186.7M | +102.98% |
| Q2 2021 | 2021-06-30 | $224.5M | $85.1M | +61.11% |
| Q1 2021 | 2021-03-31 | $1.06B | −$190.9M | −15.24% |
| Q4 2020 | 2020-12-31 | $391.9M | −$290.9M | −42.60% |
| Q3 2020 | 2020-09-30 | $181.3M | −$294.4M | −61.88% |
| Q2 2020 | 2020-06-30 | $139.3M | −$1.26B | −90.02% |
| Q1 2020 | 2020-03-31 | $1.25B | $782.4M | +166.44% |
| Q4 2019 | 2019-12-31 | $682.8M | −$468.1M | −40.68% |
| Q3 2019 | 2019-09-30 | $475.8M | $179.5M | +60.59% |
| Q2 2019 | 2019-06-30 | $1.40B | $903.4M | +183.37% |
| Q1 2019 | 2019-03-31 | $470.1M | −$1.25B | −72.67% |
| Q4 2018 | 2018-12-31 | $1.15B | $974.1M | +550.95% |
| Q3 2018 | 2018-09-30 | $296.2M | $180.5M | +155.84% |
| Q2 2018 | 2018-06-30 | $492.6M | $343.9M | +231.17% |
| Q1 2018 | 2018-03-31 | $1.72B | $1.60B | +1301.03% |
| Q4 2017 | 2017-12-31 | $176.8M | −$3.7M | −2.07% |
| Q3 2017 | 2017-09-30 | $115.8M | −$150.8M | −56.57% |
| Q2 2017 | 2017-06-30 | $148.8M | −$1.65B | −91.72% |
| Q1 2017 | 2017-03-31 | $122.8M | −$127.1M | −50.86% |
| Q4 2016 | 2016-12-31 | $180.5M | −$72.2M | −28.56% |
| Q3 2016 | 2016-09-30 | $266.6M | $57.6M | +27.56% |
| Q2 2016 | 2016-06-30 | $1.80B | $950.4M | +112.21% |
| Q1 2016 | 2016-03-31 | $249.8M | −$54.8M | −17.99% |
| Q4 2015 | 2015-12-31 | $252.7M | −$999.7M | −79.82% |
| Q3 2015 | 2015-09-30 | $209.0M | −$7.5M | −3.48% |
| Q2 2015 | 2015-06-30 | $847.0M | $682.3M | +414.31% |
| Q1 2015 | 2015-03-31 | $304.6M | $126.9M | +71.35% |
| Q4 2014 | 2014-12-31 | $1.25B | $1.02B | +445.15% |
| Q3 2014 | 2014-09-30 | $216.5M | $78.6M | +56.95% |
| Q2 2014 | 2014-06-30 | $164.7M | −$53.0M | −24.35% |
| Q1 2014 | 2014-03-31 | $177.8M | −$585,000 | −0.33% |
| Q4 2013 | 2013-12-31 | $229.7M | −$632.5M | −73.35% |
| Q3 2013 | 2013-09-30 | $138.0M | $31.4M | +29.48% |
| Q2 2013 | 2013-06-30 | $217.7M | $72.2M | +49.60% |
| Q1 2013 | 2013-03-31 | $178.4M | $1.1M | +0.64% |
| Q4 2012 | 2012-12-31 | $862.2M | $718.7M | +500.73% |
| Q3 2012 | 2012-09-30 | $106.6M | −$672.0M | −86.31% |
| Q2 2012 | 2012-06-30 | $145.5M | −$39.7M | −21.45% |
| Q1 2012 | 2012-03-31 | $177.2M | $110.9M | +167.31% |
| Q4 2011 | 2011-12-31 | $143.5M | −$1.12B | −88.62% |
| Q3 2011 | 2011-09-30 | $778.5M | $700.3M | +894.49% |
| Q2 2011 | 2011-06-30 | $185.3M | −$495.9M | −72.80% |
| Q1 2011 | 2011-03-31 | $66.3M | −$100.1M | −60.15% |
| Q4 2010 | 2010-12-31 | $1.26B | −$63.1M | −4.76% |
| Q3 2010 | 2010-09-30 | $78.3M | −$751.2M | −90.56% |
| Q2 2010 | 2010-06-30 | $681.1M | $576.9M | +553.38% |
| Q1 2010 | 2010-03-31 | $166.4M | −$52.9M | −24.14% |
| Q4 2009 | 2009-12-31 | $1.32B | — | — |
| Q3 2009 | 2009-09-30 | $829.5M | — | — |
| Q2 2009 | 2009-06-30 | $104.3M | — | — |
| Q1 2009 | 2009-03-31 | $219.3M | — | — |
Royal Caribbean Cruises capital expenditures (capex) trends
Over the last five fiscal years, Royal Caribbean Cruises's capital expenditures (capex) increased from $1.97B to $5.23B, a change of $3.26B. The latest reported quarter, Q2 2026, shows $2.74B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Royal Caribbean Cruises source filings ↗