Royal Caribbean Cruises annual operating expenses
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Royal Caribbean Cruises Operating Expenses Growth & History (RCL)
Royal Caribbean Cruises's operating expenses was $3.94B for fiscal 2025.
View full Royal Caribbean Cruises company overviewRoyal Caribbean Cruises annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.94B | $216.0M | +5.80% |
| 2024 | 2024-12-31 | $3.73B | $479.0M | +14.75% |
| 2023 | 2023-12-31 | $3.25B | $257.0M | +8.60% |
| 2022 | 2022-12-31 | $2.99B | $327.0M | +12.28% |
| 2021 | 2021-12-31 | $2.66B | −$1.38B | −34.17% |
| 2020 | 2020-12-31 | $4.05B | $1.24B | +44.21% |
| 2019 | 2019-12-31 | $2.81B | $468.4M | +20.04% |
| 2018 | 2018-12-31 | $2.34B | −$4.70B | −66.78% |
| 2017 | 2017-12-31 | $7.03B | $14.6M | +0.21% |
| 2016 | 2016-12-31 | $7.02B | −$405.0M | −5.45% |
| 2015 | 2015-12-31 | $7.42B | $292.2M | +4.10% |
| 2014 | 2014-12-31 | $7.13B | −$29.8M | −0.42% |
| 2013 | 2013-12-31 | $7.16B | −$123.2M | −1.69% |
| 2012 | 2012-12-31 | $7.28B | $679.3M | +10.28% |
| 2011 | 2011-12-31 | $6.61B | $655.8M | +11.02% |
| 2010 | 2010-12-31 | $5.95B | $548.6M | +10.16% |
| 2009 | 2009-12-31 | $5.40B | −$299.2M | −5.25% |
| 2008 | 2008-12-31 | $5.70B | — | — |
Royal Caribbean Cruises quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $978.0M | $52.0M | +5.62% |
| Q1 2026 | 2026-03-31 | $1.04B | $68.0M | +6.97% |
| Q4 2025 | 2025-12-31 | $1.08B | −$1.0M | −0.09% |
| Q3 2025 | 2025-09-30 | $958.0M | $97.0M | +11.27% |
| Q2 2025 | 2025-06-30 | $926.0M | $67.0M | +7.80% |
| Q1 2025 | 2025-03-31 | $975.0M | $53.0M | +5.75% |
| Q4 2024 | 2024-12-31 | $1.08B | $213.0M | +24.45% |
| Q3 2024 | 2024-09-30 | $861.0M | $103.0M | +13.59% |
| Q2 2024 | 2024-06-30 | $859.0M | $62.0M | +7.78% |
| Q1 2024 | 2024-03-31 | $922.0M | $101.0M | +12.30% |
| Q4 2023 | 2023-12-31 | $871.0M | $65.7M | +8.15% |
| Q3 2023 | 2023-09-30 | $758.0M | $29.8M | +4.09% |
| Q2 2023 | 2023-06-30 | $797.0M | $74.0M | +10.24% |
| Q1 2023 | 2023-03-31 | $821.0M | $87.5M | +11.93% |
| Q4 2022 | 2022-12-31 | $805.3M | $8.8M | +1.11% |
| Q3 2022 | 2022-09-30 | $728.2M | $79.1M | +12.19% |
| Q2 2022 | 2022-06-30 | $723.0M | $73.3M | +11.29% |
| Q1 2022 | 2022-03-31 | $733.5M | $165.7M | +29.19% |
| Q4 2021 | 2021-12-31 | $796.5M | $11.1M | +1.41% |
| Q3 2021 | 2021-09-30 | $649.1M | −$4.7M | −0.72% |
| Q2 2021 | 2021-06-30 | $649.6M | −$128.1M | −16.47% |
| Q1 2021 | 2021-03-31 | $567.8M | −$1.26B | −68.95% |
| Q4 2020 | 2020-12-31 | $785.4M | $49.0M | +6.65% |
| Q3 2020 | 2020-09-30 | $653.8M | −$19.2M | −2.85% |
| Q2 2020 | 2020-06-30 | $777.7M | $89.2M | +12.96% |
| Q1 2020 | 2020-03-31 | $1.83B | $1.12B | +158.52% |
| Q4 2019 | 2019-12-31 | $736.5M | $128.6M | +21.16% |
| Q3 2019 | 2019-09-30 | $673.0M | $87.9M | +15.03% |
| Q2 2019 | 2019-06-30 | $688.5M | $122.2M | +21.57% |
| Q1 2019 | 2019-03-31 | $707.2M | $129.6M | +22.45% |
| Q4 2018 | 2018-12-31 | $607.9M | −$4.84B | −88.84% |
| Q3 2018 | 2018-09-30 | $585.1M | $71.3M | +13.88% |
| Q2 2018 | 2018-06-30 | $566.3M | $47.5M | +9.16% |
| Q1 2018 | 2018-03-31 | $577.6M | $24.4M | +4.41% |
| Q4 2017 | 2017-12-31 | $5.45B | −$57.1M | −1.04% |
| Q3 2017 | 2017-09-30 | $513.8M | $25.1M | +5.14% |
| Q2 2017 | 2017-06-30 | $518.8M | $6.4M | +1.25% |
| Q1 2017 | 2017-03-31 | $553.2M | $40.1M | +7.82% |
| Q4 2016 | 2016-12-31 | $5.51B | −$73.1M | −1.31% |
| Q3 2016 | 2016-09-30 | $488.7M | −$389.4M | −44.35% |
| Q2 2016 | 2016-06-30 | $512.4M | $31.8M | +6.61% |
| Q1 2016 | 2016-03-31 | $513.1M | $25.8M | +5.29% |
| Q4 2015 | 2015-12-31 | $5.58B | −$181.8M | −3.16% |
| Q3 2015 | 2015-09-30 | $878.1M | $445.7M | +103.06% |
| Q2 2015 | 2015-06-30 | $480.6M | $26.8M | +5.91% |
| Q1 2015 | 2015-03-31 | $487.3M | $1.5M | +0.31% |
| Q4 2014 | 2014-12-31 | $5.76B | −$41.8M | −0.72% |
| Q3 2014 | 2014-09-30 | $432.4M | −$18.3M | −4.06% |
| Q2 2014 | 2014-06-30 | $453.8M | $8.0M | +1.79% |
| Q1 2014 | 2014-03-31 | $485.8M | $22.4M | +4.83% |
| Q4 2013 | 2013-12-31 | $5.80B | −$185.1M | −3.09% |
| Q3 2013 | 2013-09-30 | $450.7M | $24.8M | +5.83% |
| Q2 2013 | 2013-06-30 | $445.8M | $17.7M | +4.14% |
| Q1 2013 | 2013-03-31 | $463.4M | $19.4M | +4.37% |
| Q4 2012 | 2012-12-31 | $5.99B | $625.9M | +11.68% |
| Q3 2012 | 2012-09-30 | $425.9M | $17.0M | +4.15% |
| Q2 2012 | 2012-06-30 | $428.1M | $13.8M | +3.33% |
| Q1 2012 | 2012-03-31 | $444.0M | $22.6M | +5.36% |
| Q4 2011 | 2011-12-31 | $5.36B | $527.1M | +10.90% |
| Q3 2011 | 2011-09-30 | $409.0M | $33.4M | +8.90% |
| Q2 2011 | 2011-06-30 | $414.3M | $42.5M | +11.43% |
| Q1 2011 | 2011-03-31 | $421.4M | $52.8M | +14.31% |
| Q4 2010 | 2010-12-31 | $4.83B | $430.7M | +9.78% |
| Q3 2010 | 2010-09-30 | $375.5M | $34.9M | +10.25% |
| Q2 2010 | 2010-06-30 | $371.8M | $43.3M | +13.18% |
| Q1 2010 | 2010-03-31 | $368.6M | $39.6M | +12.04% |
| Q4 2009 | 2009-12-31 | $4.40B | — | — |
| Q3 2009 | 2009-09-30 | $340.6M | — | — |
| Q2 2009 | 2009-06-30 | $328.5M | — | — |
| Q1 2009 | 2009-03-31 | $329.0M | — | — |
Royal Caribbean Cruises operating expenses trends
Over the last five fiscal years, Royal Caribbean Cruises's operating expenses decreased from $4.05B to $3.94B, a change of −$103.3M. The latest reported quarter, Q2 2026, shows $978.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income 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 ↗