Sign In
Buy RCL
Royal Caribbean Cruises Earnings Calls
| Release date | Apr 30, 2026 |
| EPS estimate | $3.24 |
| EPS actual | $3.60 |
| EPS Surprise | 11.11% |
| Revenue estimate | 4.464B |
| Revenue actual | 4.452B |
| Revenue Surprise | -0.268% |
| Release date | Jan 29, 2026 |
| EPS estimate | $2.80 |
| EPS actual | $2.80 |
| Revenue estimate | 4.262B |
| Revenue actual | 4.259B |
| Revenue Surprise | -0.0757% |
| Release date | Oct 28, 2025 |
| EPS estimate | $5.69 |
| EPS actual | $5.75 |
| EPS Surprise | 1.05% |
| Revenue estimate | 5.167B |
| Revenue actual | 5.139B |
| Revenue Surprise | -0.534% |
| Release date | Jul 29, 2025 |
| EPS estimate | $4.09 |
| EPS actual | $4.38 |
| EPS Surprise | 7.09% |
| Revenue estimate | 4.552B |
| Revenue actual | 4.538B |
| Revenue Surprise | -0.300% |
Last 4 Quarters for Royal Caribbean Cruises
Below you can see how RCL performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Jul 29, 2025 |
| Price on release | $334.37 |
| EPS estimate | $4.09 |
| EPS actual | $4.38 |
| EPS surprise | 7.09% |
| Date | Price |
|---|---|
| Jul 23, 2025 | $352.84 |
| Jul 24, 2025 | $349.36 |
| Jul 25, 2025 | $352.80 |
| Jul 28, 2025 | $352.00 |
| Jul 29, 2025 | $334.37 |
| Jul 30, 2025 | $331.15 |
| Jul 31, 2025 | $317.87 |
| Aug 01, 2025 | $314.25 |
| Aug 04, 2025 | $315.70 |
| 4 days before | -5.23% |
| 4 days after | -5.58% |
| On release day | -0.96% |
| Change in period | -10.53% |
| Release date | Oct 28, 2025 |
| Price on release | $292.95 |
| EPS estimate | $5.69 |
| EPS actual | $5.75 |
| EPS surprise | 1.05% |
| Date | Price |
|---|---|
| Oct 22, 2025 | $317.98 |
| Oct 23, 2025 | $316.88 |
| Oct 24, 2025 | $316.45 |
| Oct 27, 2025 | $320.26 |
| Oct 28, 2025 | $292.95 |
| Oct 29, 2025 | $280.05 |
| Oct 30, 2025 | $284.53 |
| Oct 31, 2025 | $286.83 |
| Nov 03, 2025 | $277.80 |
| 4 days before | -7.87% |
| 4 days after | -5.17% |
| On release day | -4.40% |
| Change in period | -12.64% |
| Release date | Jan 29, 2026 |
| Price on release | $345.98 |
| EPS estimate | $2.80 |
| EPS actual | $2.80 |
| Date | Price |
|---|---|
| Jan 23, 2026 | $286.11 |
| Jan 26, 2026 | $293.15 |
| Jan 27, 2026 | $290.58 |
| Jan 28, 2026 | $291.60 |
| Jan 29, 2026 | $345.98 |
| Jan 30, 2026 | $324.65 |
| Feb 02, 2026 | $334.05 |
| Feb 03, 2026 | $326.29 |
| Feb 04, 2026 | $328.75 |
| 4 days before | 20.93% |
| 4 days after | -4.98% |
| On release day | -6.17% |
| Change in period | 14.90% |
| Release date | Apr 30, 2026 |
| Price on release | $263.76 |
| EPS estimate | $3.24 |
| EPS actual | $3.60 |
| EPS surprise | 11.11% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $265.84 |
| Apr 27, 2026 | $258.90 |
| Apr 28, 2026 | $255.89 |
| Apr 29, 2026 | $254.01 |
| Apr 30, 2026 | $263.76 |
| May 01, 2026 | $265.55 |
| May 04, 2026 | $259.48 |
| May 05, 2026 | $263.98 |
| May 06, 2026 | $287.08 |
| 4 days before | -0.782% |
| 4 days after | 8.84% |
| On release day | 0.679% |
| Change in period | 7.99% |
Royal Caribbean Cruises Earnings Call Transcript Summary of Q1 2026
Royal Caribbean reported a strong Q1: revenue grew ~11% YoY, adjusted EPS of $3.60 (beat guidance midpoint by $0.37 and +33% YoY), record WAVE season and continued strength in bookings and onboard spend. The company returned $1.1B of capital in the quarter (including $836M of buybacks), ended Q1 with $6.9B liquidity and completed a $2.5B bond offering. 2026 outlook: management expects another year of double-digit revenue and adjusted EPS in the range $17.10–$17.50, with net cruise yield growth of ~1.5%–2.5% and capacity +6.7% for the year. Recent geopolitical events (Middle East conflict) temporarily moderated demand for Mediterranean and select West Coast of Mexico itineraries and increased fuel costs, creating a roughly $0.6–$0.7 per share headwind to EPS for the year; management says bookings have since rebounded though limited inventory remains for Q2–Q3. Net cruise costs ex-fuel are expected roughly flat for the full year (slight improvement vs prior guidance) with continued focus on cost discipline and technology/AI investments. Strategic priorities highlighted: scaling the loyalty/co-branded card ecosystem (Royal ONE), continued roll-out of Perfect Day and Royal Beach Club assets (Santorini, Paradise Island, Cozumel), Icon-class ship deliveries (Legend of the Seas and future Icon orders), and long-term targets under the Perfecta program (20% CAGR in adjusted EPS through 2027 and ROIC in the high teens).
