v3.25.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total revenues $ 17,935 $ 16,484 $ 13,900
Cruise operating expenses:      
Total cruise operating expenses 9,083 8,652 7,775
Marketing, selling and administrative expenses 2,223 2,125 1,792
Depreciation and amortization expenses 1,718 1,600 1,455
Operating Income 4,910 4,106 2,878
Other income (expense):      
Interest income 24 16 36
Interest expense, net of interest capitalized (992) (1,590) (1,402)
Equity investment income 414 260 200
Other income (expense) 17 149 (2)
Income before income taxes 4,373 2,941 1,711
Provision for income taxes (82) (46) (6)
Net Income 4,291 2,896 1,704
Less: Net Income attributable to noncontrolling interest 23 18 7
Net Income attributable to Royal Caribbean Cruises Ltd. $ 4,268 $ 2,877 $ 1,697
Earnings per Share:      
Basic (in dollars per share) $ 15.75 $ 11.00 $ 6.63
Diluted (in dollars per share) $ 15.61 $ 10.94 $ 6.31
Comprehensive Income (Loss)      
Net Income $ 4,291 $ 2,896 $ 1,704
Other comprehensive income (loss):      
Foreign currency translation adjustments (26) 17 (9)
Change in defined benefit plans (4) 12 6
Gain (loss) on cash flow derivative hedges 228 (157) (27)
Total other comprehensive income (loss) 198 (128) (30)
Comprehensive Income 4,489 2,768 1,674
Less: Comprehensive Income attributable to noncontrolling interest 23 18 7
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 4,466 2,750 1,667
Passenger ticket revenues      
Total revenues 12,515 11,499 9,568
Onboard and other revenues      
Total revenues 5,419 4,986 4,332
Cruise operating expenses:      
Total cruise operating expenses 981 909 809
Commission, transportation and other      
Cruise operating expenses:      
Total cruise operating expenses 2,369 2,250 2,001
Payroll and related      
Cruise operating expenses:      
Total cruise operating expenses 1,366 1,301 1,197
Food      
Cruise operating expenses:      
Total cruise operating expenses 1,019 934 819
Fuel      
Cruise operating expenses:      
Total cruise operating expenses 1,146 1,160 1,150
Other operating      
Cruise operating expenses:      
Total cruise operating expenses $ 2,202 $ 2,098 $ 1,799