Form 10-Q · Quarterly report
Royal Caribbean Group 10-Q, filed Jul 28, 2026
- Filed
- CIK
- 0000884887
- Accession no.
- 0000884887-26-000038
Summary
Royal Caribbean Group filed its quarterly report for the quarter ended June 30, 2026, presenting Management's Discussion and Analysis of results of operations for the quarter and six months against the same periods in 2025, plus liquidity, capital resources and material cash requirements. The filing sets out the company's revenue and cruise operating expense line items and the operational and non-GAAP metrics it uses, including Adjusted EPS, Adjusted EBITDA, Net Yields, Net Cruise Costs and Occupancy.
Key points
- Revenues are split between passenger ticket revenues (including air transportation sold with tickets) and onboard and other revenues such as onboard goods and services, casino operations, cancellation fees, vacation protection insurance and port facility fees.
- Cruise operating expenses comprise commissions/transportation and other, onboard and other, payroll and related, food, fuel, and other operating expenses.
- Demand is seasonal, historically strongest in the Northern Hemisphere's summer months and holidays, with brands deploying to the Caribbean, Asia and Australia to offset Northern Hemisphere winter.
- Non-GAAP measures used include Adjusted EPS, Adjusted EBITDA and margin, Adjusted Gross Margin, Net Yields, Net Cruise Costs and Net Cruise Costs excluding Fuel, Availability Passenger Cruise Days, Occupancy (load factor), Constant Currency and Passenger Cruise Days.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview The discussion and analysis of our financial condition and results of operations is organized to present the following: •a review of our financial presentation, including discussion of certain operational and financial metrics we utilize to assist us in managing our business; •a discussion of our results of operations for the quarter and six months ended June 30, 2026, compared to the same period in 2025; and •a discussion of our liquidity and capital resources, including our future capital and material cash requirements and potential funding sources. …
An excerpt of the text as filed with the SEC, cut for length.
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