v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 4,832 $ 4,538 $ 9,284 $ 8,537
Cruise operating expenses:        
Total cruise operating expenses 2,547 2,283 4,795 4,362
Marketing, selling and administrative expenses 513 508 1,095 1,071
Depreciation and amortization expenses 464 417 925 829
Operating Income 1,307 1,329 2,469 2,275
Other income (expense):        
Interest income 5 12 10 15
Interest expense, net of interest capitalized (236) (228) (514) (477)
Equity investment income 67 107 151 155
Other income 7 11 9 15
Income before income taxes 1,150 1,232 2,126 1,983
Provision for income taxes (14) (17) (39) (33)
Net Income 1,136 1,214 2,086 1,950
Less: Net Income attributable to noncontrolling interest 8 5 16 10
Net Income attributable to Royal Caribbean Cruises Ltd. $ 1,128 $ 1,210 $ 2,070 $ 1,940
Earnings per Share:        
Basic (in dollars per share) $ 4.21 $ 4.45 $ 7.70 $ 7.17
Diluted (in dollars per share) $ 4.20 $ 4.41 $ 7.68 $ 7.10
Weighted-Average Shares Outstanding:        
Basic (in shares) 268 272 269 270
Diluted (in shares) 268 275 270 275
Comprehensive Income (Loss)        
Net Income $ 1,136 $ 1,214 $ 2,086 $ 1,950
Other comprehensive income (loss):        
Foreign currency translation adjustments 0 (9) 0 (26)
Change in defined benefit plans 6 4 4 0
(Loss) gain on cash flow derivative hedges (137) 181 84 309
Total other comprehensive (loss) income (131) 176 88 283
Comprehensive Income 1,005 1,391 2,174 2,233
Less: Comprehensive Income attributable to noncontrolling interest 8 5 16 10
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 997 1,386 2,158 2,222
Passenger ticket revenues        
Total revenues 3,344 3,199 6,365 5,942
Onboard and other revenues        
Total revenues 1,488 1,339 2,919 2,595
Cruise operating expenses:        
Total cruise operating expenses 288 262 501 463
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 622 606 1,186 1,128
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 405 329 806 669
Food        
Cruise operating expenses:        
Total cruise operating expenses 262 246 526 486
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 355 279 619 557
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 615 $ 561 $ 1,157 $ 1,061