Royal Caribbean Cruises annual ebitda margin
2008
2009
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2011
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2015
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2020
2021
2022
2023
2024
2025
Royal Caribbean Cruises EBITDA Margin Growth & History (RCL)
Royal Caribbean Cruises's ebitda margin was 36.96% for fiscal 2025.
View full Royal Caribbean Cruises company overviewRoyal Caribbean Cruises annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 36.96% | +2.34 pp |
| 2024 | 2024-12-31 | 34.62% | +3.44 pp |
| 2023 | 2023-12-31 | 31.17% | +23.92 pp |
| 2022 | 2022-12-31 | 7.25% | +175.46 pp |
| 2021 | 2021-12-31 | −168.21% | −17.80 pp |
| 2020 | 2020-12-31 | −150.41% | −180.81 pp |
| 2019 | 2019-12-31 | 30.40% | −0.45 pp |
| 2018 | 2018-12-31 | 30.85% | +0.14 pp |
| 2017 | 2017-12-31 | 30.71% | +2.79 pp |
| 2016 | 2016-12-31 | 27.92% | +7.41 pp |
| 2015 | 2015-12-31 | 20.51% | −0.73 pp |
| 2014 | 2014-12-31 | 21.23% | +1.72 pp |
| 2013 | 2013-12-31 | 19.51% | +4.76 pp |
| 2012 | 2012-12-31 | 14.75% | −6.93 pp |
| 2011 | 2011-12-31 | 21.68% | +0.26 pp |
| 2010 | 2010-12-31 | 21.42% | +3.48 pp |
| 2009 | 2009-12-31 | 17.94% | −2.76 pp |
| 2008 | 2008-12-31 | 20.70% | — |
Royal Caribbean Cruises quarterly ebitda margin
Q1.09
Q2.09
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Q4.09
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Q3.10
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Q1.11
Q2.11
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Q2.24
Q3.24
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Q2.25
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Q2.26
| Fiscal quarter | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 36.65% | −1.82 pp |
| Q1 2026 | 2026-03-31 | 36.46% | +2.52 pp |
| Q4 2025 | 2025-12-31 | 32.59% | +5.12 pp |
| Q3 2025 | 2025-09-30 | 41.58% | −0.25 pp |
| Q2 2025 | 2025-06-30 | 38.48% | +2.17 pp |
| Q1 2025 | 2025-03-31 | 33.93% | +3.43 pp |
| Q4 2024 | 2024-12-31 | 27.47% | −0.69 pp |
| Q3 2024 | 2024-09-30 | 41.83% | +2.65 pp |
| Q2 2024 | 2024-06-30 | 36.30% | +4.14 pp |
| Q1 2024 | 2024-03-31 | 30.50% | +8.60 pp |
| Q4 2023 | 2023-12-31 | 28.16% | +13.78 pp |
| Q3 2023 | 2023-09-30 | 39.18% | +17.35 pp |
| Q2 2023 | 2023-06-30 | 32.16% | +26.08 pp |
| Q1 2023 | 2023-03-31 | 21.90% | +70.97 pp |
| Q4 2022 | 2022-12-31 | 14.38% | +85.44 pp |
| Q3 2022 | 2022-09-30 | 21.83% | +170.63 pp |
| Q2 2022 | 2022-06-30 | 6.08% | +1381.14 pp |
| Q1 2022 | 2022-03-31 | −49.07% | +1138.79 pp |
| Q4 2021 | 2021-12-31 | −71.06% | +1975.11 pp |
| Q3 2021 | 2021-09-30 | −148.79% | — |
| Q2 2021 | 2021-06-30 | −1,375.05% | −826.82 pp |
| Q1 2021 | 2021-03-31 | −1,187.85% | −1139.54 pp |
| Q4 2020 | 2020-12-31 | −2,046.17% | −2070.84 pp |
| Q2 2020 | 2020-06-30 | −548.24% | −579.78 pp |
| Q1 2020 | 2020-03-31 | −48.31% | −73.36 pp |
| Q4 2019 | 2019-12-31 | 24.68% | −2.94 pp |
| Q3 2019 | 2019-09-30 | 38.00% | +0.11 pp |
| Q2 2019 | 2019-06-30 | 31.54% | +1.16 pp |
| Q1 2019 | 2019-03-31 | 25.05% | −0.32 pp |
| Q4 2018 | 2018-12-31 | 27.62% | +0.30 pp |
| Q3 2018 | 2018-09-30 | 37.90% | −0.15 pp |
| Q2 2018 | 2018-06-30 | 30.38% | +0.56 pp |
| Q1 2018 | 2018-03-31 | 25.37% | −0.29 pp |
| Q4 2017 | 2017-12-31 | 27.32% | +35.39 pp |
| Q3 2017 | 2017-09-30 | 38.05% | +0.43 pp |
| Q2 2017 | 2017-06-30 | 29.82% | +5.89 pp |
| Q1 2017 | 2017-03-31 | 25.65% | −29.52 pp |
| Q4 2016 | 2016-12-31 | −8.07% | −32.21 pp |
| Q3 2016 | 2016-09-30 | 37.61% | +19.03 pp |
| Q2 2016 | 2016-06-30 | 23.93% | +1.21 pp |
| Q1 2016 | 2016-03-31 | 55.17% | +38.31 pp |
| Q4 2015 | 2015-12-31 | 24.14% | +6.94 pp |
| Q3 2015 | 2015-09-30 | 18.58% | −11.64 pp |
| Q2 2015 | 2015-06-30 | 22.73% | +3.11 pp |
| Q1 2015 | 2015-03-31 | 16.86% | +1.43 pp |
| Q4 2014 | 2014-12-31 | 17.20% | +2.88 pp |
| Q3 2014 | 2014-09-30 | 30.22% | +2.85 pp |
| Q2 2014 | 2014-06-30 | 19.62% | +3.71 pp |
| Q1 2014 | 2014-03-31 | 15.43% | −3.14 pp |
| Q4 2013 | 2013-12-31 | 14.32% | +19.46 pp |
| Q3 2013 | 2013-09-30 | 27.37% | −1.11 pp |
| Q2 2013 | 2013-06-30 | 15.91% | +0.67 pp |
| Q1 2013 | 2013-03-31 | 18.57% | +1.42 pp |
| Q4 2012 | 2012-12-31 | −5.14% | −21.25 pp |
| Q3 2012 | 2012-09-30 | 28.49% | −1.01 pp |
| Q2 2012 | 2012-06-30 | 15.23% | −4.01 pp |
| Q1 2012 | 2012-03-31 | 17.16% | −2.15 pp |
| Q4 2011 | 2011-12-31 | 16.11% | −1.68 pp |
| Q3 2011 | 2011-09-30 | 29.50% | +0.01 pp |
| Q2 2011 | 2011-06-30 | 19.25% | +0.28 pp |
| Q1 2011 | 2011-03-31 | 19.31% | +2.52 pp |
| Q4 2010 | 2010-12-31 | 17.80% | +2.04 pp |
| Q3 2010 | 2010-09-30 | 29.49% | +3.93 pp |
| Q2 2010 | 2010-06-30 | 18.96% | +4.66 pp |
| Q1 2010 | 2010-03-31 | 16.78% | +2.89 pp |
| Q4 2009 | 2009-12-31 | 15.76% | — |
| Q3 2009 | 2009-09-30 | 25.57% | — |
| Q2 2009 | 2009-06-30 | 14.31% | — |
| Q1 2009 | 2009-03-31 | 13.89% | — |
Royal Caribbean Cruises ebitda margin trends
Over the last five fiscal years, Royal Caribbean Cruises's ebitda margin increased from −150.41% to 36.96%, a change of +187.37 percentage points. The latest reported quarter, Q2 2026, shows 36.65%.
About the metric
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
Calculation and source
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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