The Tip Desk

ROYAL CARIBBEAN CRUISES LTD

Financial highlights

Amounts in billions
MetricFY 12/31/25FY 12/31/24FY 12/31/23FY 12/31/22FY 12/31/21
Income Statement
Revenue$17.9$16.5$13.9$8.8$1.5
Operating income$4.9$4.1$2.9-$0.8-$3.9
Net income$4.3$2.9$1.7-$2.2-$5.3
Balance Sheet
Total debt$21.3$20.1$21.5$23.4$21.1
Cash Flow Statement
Free cash flow$1.2$2.0$0.6-$2.2-$4.1
Dividends$0.8$0.1$0.0$0.0$0.0
Share repurchases$1.2$0.0$0.0—$0.0

Shares outstanding 267.5M · Free float 73.1%

Annual filing data through FY ended December 31, 2025; float as of September 22, 2026.

Earnings

Other Coverage