Royal Caribbean Cruises (RCL) Revenue — Quarter Ended Dec 31, 2025
Revenue decreased from the previous quarter but increased compared to the same quarter a year ago. The sequential decline interrupted a pattern of growth seen in earlier periods.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue decreased from the previous quarter but increased compared to the same quarter a year ago. The sequential decline interrupted a pattern of growth seen in earlier periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.3B
Revenue reported for this quarter.
Quarter-over-quarter
-17.1%
Change from the immediately preceding quarter.
Year-over-year
+13.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $4B | +7.3% |
| Jun 30, 2025 | $4.5B | +10.4% |
| Sep 30, 2025 | $5.1B | +5.2% |
| Dec 31, 2025 | $4.3B | +13.3% |
Revenue performance
The company reported a decline in revenue relative to the immediately preceding quarter. Year-over-year, revenue was higher, indicating underlying demand remained positive.
Quarterly comparison
Compared to the prior quarter, revenue fell. Compared to the same period last year, revenue rose.
What to watch
Observe whether revenue can return to sequential growth in the coming quarter.