FINHUB Insights

RCL · Q1 FY26 · Jan 1 – Mar 31, 2026

Royal Caribbean Q1 FY26: where the revenue came from and where it went

Royal Caribbean Q1 FY26: revenue $4.5B (+11% year over year). Net profit $0.9B. Largest cohort North America $3.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Jul 28, 2026 10-Q
Sankey diagram of Royal Caribbean's income statement for Q1 FY26: revenue of $4.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.5B +11% year over year
Gross profit$2.2B 50% margin
Operating profit$1.2B 26% margin
Net profit$0.9B 21% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 4.5 100% +11%
North America 3.1 69% +7%
Europe 1 22%
Other Revenues 0.2 4% +7%
All other countries 0.2 4%
Cost of revenue−2.249%
Gross profit2.250% margin+2pp
SG&A−0.513%−1pp
Other−0.510%+0pp
Operating profit1.226% margin+2pp
Interest & other costs−0.3
Net profit0.921%+3pp
Filing on EDGAR More quarters of RCL

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters