RCL · Royal Caribbean Cruises Ltd

Track RCL — free

$272.41 -5.33 (-1.92%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$64.91B

267.45M

Volume · Oct 5 1.38M Avg daily vol (3M) 2.42M

Up next

Next earnings call

Oct 27, 2026 Est · unconfirmed · in 3 wks

Latest filing: 10-Q

filed Jul 28, 2026

Q2 2026 earnings call transcript

call held Jul 28, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$18.68B

Trailing 12 months

Net income (TTM)

$4.40B

Trailing 12 months

Revenue growth YoY

+6.5%

Year over year

Operating margin

27.3%

Trailing 12 months

P / E (TTM)

17.2

Trailing earnings · reciprocal yield 5.8%

FCF yield

-0.6%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

-2.5%

Year over year · fewer shares

Price change (1Y)

-13.2%

Trailing year

Short interest

3.8%

Latest settlement · 4.9 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jul 28, 2026

Q2 FY26

TL;DR. Royal Caribbean reported Q2 Adjusted EPS of $4.21, beating guidance by $0.33 on better-than-expected close-in demand and lower costs, and raised full-year 2026 Adjusted EPS guidance to $17.73–$17.87 (14% growth), though prolonged Middle East conflict is pressuring Q3 yields and modest booking impact continues for select itineraries.

Bullish

+ Q2 Adjusted EPS of $4.21 beat guidance midpoint by $0.33 on stronger close-in demand and lower costs
+ Net yields grew 1.2% in Q2, 100 bps above guidance, driven by strong Caribbean close-in demand
+ 2027 booking trends are pacing ahead of historical levels at higher prices, including for itineraries impacted by geopolitics this year
+ Returned over $600M to shareholders in Q2 via $404M in dividends and $199M of share repurchases, with $805M remaining under authorization

Bearish

− Prolonged Middle East conflict is pressuring Q3 yields (expected roughly flat) and modestly reducing full-year yield outlook
− Yield guidance held at 1.75%–2.25% (not raised) as Europe sailings face modest near-term booking impact from geopolitical activity
− Mahahual, Mexico destination project timeline is delayed as government engages with community stakeholders

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Neutral Sentiment Neutral Fundamentals Strong Quant / Vol High

Market backdrop VIX 15.3 · calm Equity put/call 0.58

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg −3%

below

Price vs 50-day avg −2%

below

RSI (14) 61

neutral

MACD trend Positive

52-week position 40%

mid-range

Volume (OBV) Bearish div.

distributing

Momentum

relative strength

Neutral

1-month return +5%

trailing

6-month return −2%

trailing

YTD return 0%

this year

Relative strength −14%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $282 › 200d $287 — 200d above 50d

Institutional flow Distributing

8 of 1,245 funds reported for Sep 30 · net -796 sh shares · +2 new

Insider flow Distributing

Net -$4.0M over 90 days · 100% sells

Short interest Falling

3.80% of float · ▼ -7.3% MoM · 4.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,245 holders — near 3-yr high, broad support

Squeeze score 62

elevated · 0–100

Fundamentals

Strong

Revenue growth +3%

Y/Y

EPS growth +43%

Y/Y

Free cash flow $1.2B

Valuation P/E 15

below peers

Buyback $805.0M

remaining

Balance sheet $8.2B

net debt

Quant / Vol

risk profile

High

Volatility 48%

annualized · 1-yr

Max drawdown −34%

past year

ATR 3.7%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the Earnings Call filed Jul 28, 2026

full year 2026

Net yield growth Non-GAAP Initiated 1.75% – 2.25%

Capacity growth Initiated 6.6%

Total revenue growth Initiated 9%

Fuel expense Initiated $1.3B

Adjusted earnings per share Non-GAAP Initiated $17.73 – $17.87

Net yields Initiated 1.75% – 2.25%

Total revenue Initiated 9%

third quarter 2026

Capacity growth Initiated 8.5%

Adjusted earnings per share Non-GAAP Initiated $6.26 – $6.36

Capacity Initiated 8.5%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

1 · 5 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−3% Neutral

Price vs 50-day avg

−2% Neutral

RSI (14)

61 Neutral

MACD trend

Positive Bullish

52-week position

40% Neutral

Volume (OBV)

Bearish div. Bearish

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $282 › 200d $287 — 200d above 50d

Institutional flow Distributing

8 of 1,245 funds reported for Sep 30 · net -796 sh shares · +2 new

Insider flow Distributing

Net -$4.0M over 90 days · 100% sells

Short interest Falling

3.80% of float · ▼ -7.3% MoM · 4.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

1,245 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $230 Now $278 · 40% Range high $348

vs 200-day avg -3% vs 50-day avg -2%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Adjusted Diluted Earnings per Share non-GAAP	$4.21	the quarter ended June 30, 2026 filing	—
Adjusted Earnings per Share non-GAAP	$4.22	the quarter ended June 30, 2026 filing	—
Adjusted EBITDA non-GAAP	$1.83B	the quarter ended June 30, 2026 filing	—
Adjusted EBITDA per APCD non-GAAP	$134.84	the quarter ended June 30, 2026 filing	—
Adjusted Gross Margin non-GAAP	$3.92B	the quarter ended June 30, 2026 filing	—
Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. non-GAAP	$1.13B	the quarter ended June 30, 2026 filing	—
APCD	13,572,396	the quarter ended June 30, 2026 filing	—
Gross Cruise Costs	$3.06B	the quarter ended June 30, 2026 filing	—
Gross Cruise Costs per APCD	$225.48	the quarter ended June 30, 2026 filing	—
Gross Margin	$1.82B	the quarter ended June 30, 2026 filing	—
Gross Margin Yields	$134.11	the quarter ended June 30, 2026 filing	—
Net Cruise Costs	$2.15B	the quarter ended June 30, 2026 filing	—
Net Cruise Costs excluding Fuel	$1.8B	the quarter ended June 30, 2026 filing	—
Net Cruise Costs excluding Fuel per APCD	$132.3	the quarter ended June 30, 2026 filing	—
Net Cruise Costs per APCD	$158.42	the quarter ended June 30, 2026 filing	—
Net Income attributable to Royal Caribbean Cruises Ltd. per APCD	$83.13	the quarter ended June 30, 2026 filing	—
Net Yields	$288.95	the quarter ended June 30, 2026 filing	—
Occupancy	110.2%	the quarter ended June 30, 2026 filing	—
Passenger Cruise Days	14,962,211	the quarter ended June 30, 2026 filing	—
Passengers Carried	2,399,066	the quarter ended June 30, 2026 filing	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Travel Services — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
RCL Royal Caribbean Cruises Ltd this stock	$64.91B	-0.4%	+3.3%	15.0	3.8%
BKNG Booking Holdings Inc.	$121.98B	—	+13.4%	18.0	2.6%
ABNB Airbnb, Inc.	$93.83B	+19.7%	+10.3%	34.9	2.4%
VIK Viking Holdings Ltd	$35.87B	+12.8%	—	—	1.7%
CCL Carnival Corp Ltd.	$33.76B	-15.7%	+7.8%	10.9	3.6%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

1,245

% held: 92.9%
Reported: 8 of 1,245
Top holder: Capital Research Global I…

Held Float

View

Held by Funds

Fund positions

289

View

Short & Settlement

Short Interest Falling

Shares short

10.2M

Days to cover: 4.9d
Change: -806.5K sh

View

Short Volume

Short vol %

71%

As of: Oct 2, 2026

Short Total

View

Fails to Deliver

FTD shares

4.5K

Value: $1.2M
As of: Sep 1, 2026

View

Off-Exchange

Off-exchange %

46.5%

Week of: Aug 31, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$4.0M

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Congressional Trades Buy

Member

Alan Armstrong

Amount: $1.0K–$15.0K
Traded: Mar 27, 2026

View

Financials

Revenue (FY)

$17.9B

Net income (FY): $4.3B
EPS diluted: $15.61

View

Buybacks

Authorized

$2.0B

Remaining: $805.0M

Spent Remaining

View

Filings

SEC Filings

Latest

8-K

Filed: Sep 23, 2026
This year: 16

View

Proposed Sales

Value

$4.0M

Shares: 12.8K
Filed: Aug 3, 2026

View

Earnings & Events

Webcasts

Last webcast

Sep 23, 2026

View

Performance

	5D	20D	120D	MTD	YTD
RCL	+14.4%	+4.6%	-1.7%	+4.5%	-0.4%
SPY	-0.2%	-0.5%	+12.2%	+0.9%	+12.9%
vs SPY	+14.7%	+5.1%	-13.8%	+3.6%	-13.3%

Capital returns

Buyback program · as of Jul 28, 2026

Authorized

$2.00B

Spent (derived)

$1.20B

Remaining

$805.00M

Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 884887 CUSIP V7780T103 13F (30d) 15 filings 15 filers Visit website Investor relations

RCL · Royal Caribbean Cruises Ltd

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns