Royal Caribbean Group

RCL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Royal Caribbean Earnings: Record Profits Ahead Thanks to Brand-Supporting Investments

Jaime M Katz

Jan 29, 2026

Royal Caribbean's fourth-quarter 3.1% net revenue yield growth against a 5.8% decline in net cruise cost excluding fuel led to adjusted EPS of $2.80. The firm's initial 2026 outlook calls for yield growth of 2.1%-4.1% and total cost growth of 0.2% at the midpoint, leading to EPS of $17.70-$18.10.

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Royal Caribbean Group

Royal Caribbean Earnings: Record Profits Ahead Thanks to Brand-Supporting Investments

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