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Earnings Per Share
6 Months Ended
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,
 2025202420252024
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 expense19 16 38 
Net Income attributable to Royal Caribbean Cruises Ltd. for diluted earnings per share1,211 873 1,956 1,252 
Weighted-average common shares outstanding272 257 270 257 
Dilutive effect of stock-based awards
Dilutive effect of convertible notes23 23 
Diluted weighted-average shares outstanding275 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.
There 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.