Earnings Releases·Oct 27, 2026, 6:32 AM ET

Royal Caribbean Group — Third Quarter 2026 Earnings Summary

Q3 2026 total revenue rose 9% year-over-year to $5.6 billion, while net income increased to $1.7 billion ($6.45 per share) from $1.6 billion ($5.74 per share) in the prior year period.
Full-year 2026 Adjusted EPS guidance was raised to $17.85–$17.95, with revenue expected to grow 9% year-over-year and net yields projected to increase approximately 2.7% as-reported.
The company announced a strategic agreement to acquire a 50% interest in Sandals and Beaches Resorts, expected to close in early 2027, alongside a planned 2027 launch of Celebrity River Cruises.
Capital management actions included issuing $1.25 billion in senior notes to repay debt and increasing the revolving credit facility to $6.65 billion, while maintaining a liquidity position of $7.4 billion.
Future outlook remains strong with 2027 bookings pacing ahead of historical levels at higher rates, supporting the company's "Perfecta" goal of a 20% Adjusted EPS CAGR through 2027.