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Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
Note 4. Earnings Per Share
A reconciliation between basic and diluted earnings per share is as follows (in millions, except per share data):
Quarter Ended March 31,
 20262025
Net Income attributable to Royal Caribbean Cruises Ltd. for basic earnings per share$941 $730 
Add convertible notes interest and inducement expense— 15 
Net Income attributable to Royal Caribbean Cruises Ltd. for diluted earnings per share$941 $745 
Weighted-average common shares outstanding270 269 
Dilutive effect of stock-based awards1 1 
Dilutive effect of convertible notes— 6 
Diluted weighted-average shares outstanding271 276 
Basic earnings per share (1)
$3.49 $2.71 
Diluted earnings per share (1)
$3.48 $2.70 
(1) Per share amounts may not calculate due to the use of rounded numbers.
There were no antidilutive shares for the quarters ended March 31, 2026 and 2025, from our stock based awards. There were no antidilutive shares for the quarter ended March 31, 2025, from our convertible notes.