Royal Caribbean Cruises Ltd. (RCL) Releases Q4 2025 Earnings: Revenue and EPS Rise; Operating Profit Up; Capex Jumps

Royal Caribbean Cruises Ltd. (RCL) reported fourth-quarter 2025 results with total revenue of $4.3 billion (up 13.24% year-over-year) and cost of sales of $2.2 billion (up 9.26% year-over-year), driving a gross profit of $2.0 billion (up 18.02% year-over-year).

Total revenue: $4.3 billion (+13.24% year-over-year)

Gross profit: $2.0 billion (+18.02% year-over-year)

Operating profit: $933 million (+49.04% year-over-year)

Net income attributable to common shareholders: $754 million (+36.35% year-over-year)

Diluted earnings per share: $2.76 (+35.96% year-over-year)

Cash flow and balance sheet activity showed stronger operating cash generation alongside increased capital spending.

Cash from operating activities: $1.6 billion (+10.63% year-over-year)

Purchases of property, plant and equipment (capital spending): $1.5 billion (up 173.01% year-over-year)

Cash and cash equivalents: $825 million (up 112.63% year-over-year)

Total liabilities: $31.4 billion (+6.95% year-over-year)

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Royal Caribbean Cruises Ltd. Insider Trading Activity

Royal Caribbean Cruises Ltd. insiders have traded $RCL stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $RCL stock by insiders over the last 6 months:

VAGN O SORENSEN sold 10,300 shares for an estimated $3,399,412
MARITZA GOMEZ MONTIEL sold 1,100 shares for an estimated $309,936

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Royal Caribbean Cruises Ltd. Hedge Fund Activity

We have seen 566 institutional investors add shares of Royal Caribbean Cruises Ltd. stock to their portfolio, and 573 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS added 3,215,382 shares (+9.8%) to their portfolio in Q4 2025, for an estimated $896,834,347
NORGES BANK removed 1,625,801 shares (-49.8%) from their portfolio in Q4 2025, for an estimated $453,468,414
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,540,491 shares (-99.4%) from their portfolio in Q3 2025, for an estimated $498,472,077
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN removed 996,961 shares (-37.9%) from their portfolio in Q3 2025, for an estimated $322,596,640
CAPITAL RESEARCH GLOBAL INVESTORS added 920,042 shares (+4.8%) to their portfolio in Q4 2025, for an estimated $256,618,114
BANK OF NEW YORK MELLON CORP removed 847,850 shares (-39.1%) from their portfolio in Q4 2025, for an estimated $236,482,322
PRICE T ROWE ASSOCIATES INC /MD/ added 751,170 shares (+85.9%) to their portfolio in Q3 2025, for an estimated $243,063,588

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Royal Caribbean Cruises Ltd. Congressional Stock Trading

Members of Congress have traded $RCL stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $RCL stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE purchased up to $15,000 on 12/31.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Royal Caribbean Cruises Ltd. Analyst Ratings

Wall Street analysts have issued reports on $RCL in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 02/02/2026
Barclays issued a "Overweight" rating on 01/30/2026
Stifel issued a "Buy" rating on 01/30/2026
Goldman Sachs issued a "Buy" rating on 12/09/2025
UBS issued a "Buy" rating on 11/12/2025
Citigroup issued a "Buy" rating on 10/29/2025
Tigress Financial issued a "Buy" rating on 08/21/2025

To track analyst ratings and price targets for Royal Caribbean Cruises Ltd., check out Quiver Quantitative's $RCL forecast page.

Royal Caribbean Cruises Ltd. Price Targets

Multiple analysts have issued price targets for $RCL recently. We have seen 13 analysts offer price targets for $RCL in the last 6 months, with a median target of $370.0.

Here are some recent targets:

Ivan Feinseth from Tigress Financial set a target price of $425.0 on 02/06/2026
Jamie Rollo from Morgan Stanley set a target price of $330.0 on 02/03/2026
Lizzie Dove from Goldman Sachs set a target price of $370.0 on 02/02/2026
Matthew Boss from JP Morgan set a target price of $371.0 on 02/02/2026
Trey Bowers from Wells Fargo set a target price of $383.0 on 02/02/2026
James Hardiman from Citigroup set a target price of $398.0 on 02/02/2026
Steven Wieczynski from Stifel set a target price of $420.0 on 01/30/2026