Royal Caribbean Q2 FY25: where the revenue came from and where it went
The whole income statement of Royal Caribbean for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 29, 2025
Revenue$4.54B
+10% year over year
Gross profit$2.26B
50% margin
Operating profit$1.33B
29% margin
Net profit$1.21B
27% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 4.54 | 100% | +10% |
| Passenger | 3.20 | 70% | +11% |
| Product & service other | 1.34 | 30% | +9% |
| Cost of revenue | −2.28 | 50% | |
| Gross profit | 2.26 | 50% margin | +2pp |
| SG&A | −0.51 | 11% | +0pp |
| Other | −0.42 | 9% | +0pp |
| Operating profit | 1.33 | 29% margin | +3pp |
| Interest & other costs | −0.12 | ||
| Net profit | 1.21 | 27% margin | +6pp |
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