SuperworthRoyal Caribbean Cruises profit margin RCL
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 23.5%
- Operating margin, 12 months
- 27.3%
- Net margin on a year earlier
- +2.6 pts
- Peer median
- 13.6%
Over the twelve months to Jun 30, 2026, Royal Caribbean Cruises kept 23.5% of its revenue as net profit, with an operating margin of 27.3% and a gross margin of 49.1%.
The median for 5 travel stocks of a similar size is 13.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 23.8% | 27.4% | 49.4% |
| FY2024 | 17.5% | 24.9% | 47.5% |
| FY2023 | 12.2% | 20.7% | 44.1% |
| FY2022 | −24.4% | −8.6% | 25.2% |
| FY2021 | n/a | n/a | −73.5% |
| FY2020 | n/a | n/a | −25.2% |
| FY2019 | 17.2% | 19.0% | 44.6% |
| FY2018 | 19.1% | 20.0% | 44.6% |
| FY2017 | 18.5% | 19.9% | 44.2% |
| FY2016 | 15.1% | 17.4% | 41.0% |
| FY2015 | 8.0% | 10.5% | 38.6% |
| FY2014 | 9.5% | 11.7% | 34.3% |
| FY2013 | 6.0% | 10.0% | 33.4% |
| FY2012 | 0.2% | 5.2% | 32.9% |
| FY2011 | 8.1% | 12.4% | 34.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 23.5% | +2.6 pts | 27.3% | |
| Q1 FY26 | 24.4% | +5.0 pts | 27.9% | |
| Q4 FY25 | 23.8% | +6.3 pts | 27.4% | |
| Q3 FY25 | 23.3% | +7.1 pts | 26.4% | |
| Q2 FY25 | 21.0% | +4.7 pts | 26.4% | |
| Q1 FY25 | 19.4% | +5.1 pts | 25.7% | |
| Q4 FY24 | 17.5% | +5.2 pts | 24.9% | |
| Q3 FY24 | 16.2% | +9.2 pts | 25.2% | |
| Q2 FY24 | 16.3% | +16.8 pts | 24.0% | |
| Q1 FY24 | 14.3% | +24.0 pts | 22.8% | |
| Q4 FY23 | 12.2% | +36.6 pts | 20.7% | |
| Q3 FY23 | 7.0% | +48.7 pts | 17.6% |
Against its peers
Companies in Travel Services nearest Royal Caribbean Cruises' size, closest first, today.
| Company | Profit margin |
|---|---|
| RCLRoyal Caribbean Cruises | 23.5% |
| ABNBAirbnb | 20.4% |
| BKNGBooking | 25.5% |
| CCLCarnival | 11.4% |
| EXPEExpedia | 13.0% |
| ROLRollins | 13.6% |
| Peer median | 13.6% |
Where Royal Caribbean Cruises ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Royal Caribbean Cruises
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.