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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenues $ 5,139 $ 4,886 $ 13,676 $ 12,724
Cruise operating expenses:        
Total cruise operating expenses 2,479 2,391 6,841 6,600
Marketing, selling and administrative expenses 522 451 1,593 1,452
Depreciation and amortization expenses 435 410 1,265 1,190
Operating Income 1,702 1,634 3,977 3,482
Other income (expense):        
Interest income 3 4 17 13
Interest expense, net of interest capitalized (248) (603) (725) (1,324)
Equity investment income 158 106 313 203
Other expense (36) (26) (54) (37)
Total other income (expense) (123) (519) (448) (1,145)
Net Income 1,579 1,115 3,529 2,337
Less: Net Income attributable to noncontrolling interest 4 4 15 12
Net Income attributable to Royal Caribbean Cruises Ltd. $ 1,575 $ 1,111 $ 3,514 $ 2,325
Earnings per Share:        
Basic (in dollars per share) $ 5.79 $ 4.22 $ 12.97 $ 8.98
Diluted (in dollars per share) $ 5.74 $ 4.21 $ 12.83 $ 8.91
Weighted-Average Shares Outstanding:        
Basic (in shares) 272 263 271 259
Diluted (in shares) 274 264 275 280
Comprehensive Income (Loss)        
Net Income $ 1,579 $ 1,115 $ 3,529 $ 2,337
Other comprehensive income (loss):        
Foreign currency translation adjustments (2) (10) (28) 0
Change in defined benefit plans (2) 6 (2) 3
Loss on cash flow derivative hedges (5) (95) 304 (82)
Total other comprehensive income (loss) (9) (99) 274 (79)
Comprehensive Income 1,570 1,016 3,803 2,258
Less: Comprehensive Income attributable to noncontrolling interest 4 4 15 12
Comprehensive Income attributable to Royal Caribbean Cruises Ltd. 1,566 1,012 3,788 2,246
Passenger ticket revenues        
Total revenues 3,637 3,471 9,579 8,900
Onboard and other        
Total revenues 1,502 1,415 4,097 3,824
Cruise operating expenses:        
Total cruise operating expenses 312 289 775 726
Commissions, transportation and other        
Cruise operating expenses:        
Total cruise operating expenses 696 688 1,823 1,758
Payroll and related        
Cruise operating expenses:        
Total cruise operating expenses 342 328 1,010 959
Food        
Cruise operating expenses:        
Total cruise operating expenses 264 251 750 697
Fuel        
Cruise operating expenses:        
Total cruise operating expenses 297 290 854 876
Other operating        
Cruise operating expenses:        
Total cruise operating expenses $ 569 $ 545 $ 1,630 $ 1,584