ROYAL CARIBBEAN CRUISES LTD (RCL) FY2025 Annual P&L / Income Statement
2025-01-01 to 2025-12-31
Revenue by Product and Service (2)
2025-01-01 to 2025-12-31
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ROYAL CARIBBEAN CRUISES LTD (RCL) FY2025 Annual P&L / Income Statement
Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.
- Total revenues
- 17,935,000,000 US dollars
- Total cruise operating expenses
- 9,083,000,000 US dollars
- Gross profit (calculated)
- 8,852,000,000 US dollars
- Operating expenses (calculated)
- 3,941,000,000 US dollars
- Operating Income
- 4,910,000,000 US dollars
- Other income (expense), net (calculated)
- negative 537,000,000 US dollars
- Income before income taxes
- 4,373,000,000 US dollars
- Provision for income taxes
- 82,000,000 US dollars
- Net Income
- 4,291,000,000 US dollars
- Passenger ticket revenues
- 12,515,000,000 US dollars
- Onboard and other revenues
- 5,419,000,000 US dollars
- Undisclosed (calculated)
- 1,000,000 US dollars
- Marketing, selling and administrative expenses
- 2,223,000,000 US dollars
- Depreciation and amortization expenses
- 1,718,000,000 US dollars
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- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to ROYAL CARIBBEAN CRUISES LTD: $4.27 B; to noncontrolling interests: $23.00 M.
- The amounts that make up operating profit come to $4,911.00 M and operating profit is $4,910.00 M; the $1.00 M difference is within the rounding of the filed amounts.

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Gross margin
49.4%
Gross profit / revenue
Operating margin
27.4%
Operating profit / revenue
Cash conversion
150.7%
Operating cash / net income, same period
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