Royal Caribbean Reports 2025 EPS of $15.61, Issues 2026 Adjusted EPS Guidance of $17.70-$18.10

ROYAL CARIBBEAN CRUISES LTD

2025-FY EPS reported $15.61 revenue$17,935,000,000

Full year 2025 revenues were $17.9 billion, Net Income $4.3 billion, Adjusted EPS $15.64.
Fourth quarter 2025 Net Income was $0.8 billion, Adjusted EPS $2.80, beating guidance.
WAVE season had the highest seven booking weeks in company history, with two-thirds of 2026 capacity booked at record rates.
2026 outlook: Adjusted EPS $17.70-$18.10, Net Yields up 2.1%-4.1%, double-digit revenue and earnings growth expected.
Expansion includes two firm Discovery Class ships (first 2029, second 2032) and 10 new Celebrity River Cruises ships by 2031.

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