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Earnings Per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | Note 4. Earnings Per Share Basic and diluted earnings per share is as follows (in millions, except per share data):
| Quarter Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net Income attributable to Royal Caribbean Cruises Ltd. for basic earnings per share | $ | 1,210 |  |  | $ | 854 |  |  | $ | 1,940 |  |  | $ | 1,214 |
Add convertible notes interest and inducement expense | 1 |  |  | 19 |  |  | 16 |  |  | 38 |
Net Income attributable to Royal Caribbean Cruises Ltd. for diluted earnings per share | 1,211 |  |  | 873 |  |  | 1,956 |  |  | 1,252 |
Weighted-average common shares outstanding | 272 |  |  | 257 |  |  | 270 |  |  | 257 |
Dilutive effect of stock-based awards | 1 |  |  | 1 |  |  | 1 |  |  | 1 |
Dilutive effect of convertible notes | 2 |  |  | 23 |  |  | 4 |  |  | 23 |
Diluted weighted-average shares outstanding | 275 |  |  | 281 |  |  | 275 |  |  | 281 |
Basic earnings per share (1) | $ | 4.45 |  |  | $ | 3.32 |  |  | $ | 7.17 |  |  | $ | 4.72 |
Diluted earnings per share (1) | $ | 4.41 |  |  | $ | 3.11 |  |  | $ | 7.10 |  |  | $ | 4.46 |
(1) Per share amounts may not calculate due to the use of rounded numbers. T here were no antidilutive shares for the quarters and six months ended June 30, 2025, and 2024, respectively, from our stock-based awards and convertible notes.

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