---
schema_version: "secwatch.filing_event.v1"
accession: "0000884887-26-000024"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T01:25:21.075183+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean Q1 EPS $3.60 Adj. beats guidance; FY26 Adj. EPS guided $17.10-$17.50

## Summary
- Q1 total revenue $4.5B (+11% YoY); Net Yields +3.6% as-reported, +2.0% constant currency.
- Adjusted EPS $3.60 vs prior guidance; Net Income $0.9B; Adjusted EBITDA $1.7B.
- Returned ~$1.1B to shareholders: $836M buybacks (2.9M shares) and $270M dividends.
- FY26 Adjusted EPS guidance raised to $17.10-$17.50 (11% YoY growth); Net Yields +2.3% to +3.3% as-reported.
- Geopolitical events moderated Med and Mexico bookings late Q1, but recovery underway; fuel costs $1.3B (59% hedged).

## SEC filing metadata
- accession: 0000884887-26-000024
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000088488726000024/0000884887-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000088488726000024/rcl-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000884887-26-000024
- JSON: https://secwatch.observer/filing/0000884887-26-000024.json
- Plain text: https://secwatch.observer/filing/0000884887-26-000024.txt

## Key facts
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported Full Year 2026 results: EPS Adjusted EPS is expected to be in the range of $17.10 to $17.50. Guidance reaffirmed.
  - Period: Full Year 2026
  - EPS: Adjusted EPS is expected to be in the range of $17.10 to $17.50
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The company now expects Adjusted EPS to be in the range of $17.10 to $17.50.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488726000024/0000884887-26-000024-index.htm
- Earnings Releases
  ROYAL CARIBBEAN CRUISES LTD reported first quarter 2026 results: revenue $4.5 billion, net income $0.9 billion or $3.48 per share, EPS $3.48. Guidance reaffirmed.
  - Period: first quarter 2026
  - Revenue: $4.5 billion
  - Net income: $0.9 billion or $3.48 per share
  - EPS: $3.48
  - Guidance: reaffirmed
  - Result: reported results
  source text: further step to deepen guest engagement and to position us to capture a greater share of the large and growing global vacation market.” First Quarter 2026: • Total revenue was $4.5 billion, an 11% increase year over year. Load factor in the first quarter was 109%. • Gross Margin Yields increased 6.9% as-reported. Net Yields increased 3.6% as-reported and 2.0% in
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000088488726000024/0000884887-26-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.