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Royal Caribbean (DE:RC8)
FRANKFURT:RC8
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.72Last Year’s EPS
2.29Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong, broad-based operational and financial momentum: record guests, double-digit revenue growth expectations for 2026, sizable EBITDA and cash flow expansion, continued fleet and destination investments, digital/AI adoption, and disciplined capital returns and balance sheet strength. Management acknowledged manageable near-term headwinds from higher capacity (notably in the Caribbean), dry-dock timing, China itinerary changes, and cost pressure from ramping private destinations and emissions regulations, but provided guidance and mitigation plans. Overall, the positive achievements, guidance, and strategic investments substantially outweigh the outlined challenges.Company Guidance
Record Guest Volume and Strong Customer Satisfaction
Delivered a record 9.4 million vacations in 2025 with very high guest satisfaction and NPS that outpaces industry standards; total guests up 45% since 2019 with millennials and younger nearly doubling.
Robust Revenue and Earnings Growth
Nearly $18 billion of total revenue in 2025; full-year total revenue grew 8.8% year-over-year; adjusted EPS grew 33% to $15.64 for the full year; fourth quarter adjusted EPS $2.80 (above guidance).
Margin Expansion, EBITDA and Cash Flow
Adjusted EBITDA grew 17.6% to just over $7 billion in 2025; generated approximately $6.4–$6.5 billion of operating cash flow for the year; committed to >$7 billion operating cash flow in 2026 guidance.
Capital Returns and Strong Balance Sheet
Returned $2.0 billion to shareholders via dividends and share buybacks in 2025; ended the quarter with $7.2 billion liquidity and leverage well below 3x, achieving investment-grade metrics.
Positive 2026 Financial Outlook
2026 guidance: revenue expected to increase double-digits; net yield growth guided 1.5%–3.5%; full-year adjusted EPS $17.70–$18.10 (≈14% YoY at midpoint); adjusted EBITDA near $8 billion (~13% YoY) and margin just over 40%; operating cash flow expected >$7 billion.
Capacity and Deployment Growth
Capacity expected up 6.7% in 2026 (mid-single digits moderate growth); deployment mix: Caribbean 57% of capacity (up 8% vs prior year), Europe 15% (up 5%), Alaska 5% (up 3%).
Fleet & Destination Expansion
Committed to 10 additional Celebrity River Cruise ships (expanding fleet to 20 by 2031); announced Discovery class for Royal Caribbean (2 firm + 4 options); opened Royal Beach Club Paradise Island and added new ships (Star of the Seas, Celebrity XL, Legend upcoming).
Digital and Tech Momentum
Fourth quarter app active users up 25% YoY; e-commerce traffic up 10% YoY in 2025; scaling AI/GenAI across commercial and operations to personalize guest experience and drive efficiency.
Fuel Efficiency and Hedging
Projected fuel expense ~ $1.17 billion for 2026 with ~60% hedged; fuel consumption per APCD improved ~4% vs 2025; LNG and biofuel blends expected to be ~10% of fuel consumption (vs 8% in 2025).
Multi-year Transformation Since 2019
Since 2019: total revenue +64%, adjusted EBITDA +94%, operating cash flow +75%, net income more than doubled — indicating improved scale, profitability and resilience.
DE:RC8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:RC8 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | €240.50 | €290.00 | +20.58% |
Oct 28, 2025 | €271.99 | €272.79 | +0.29% |
Jul 29, 2025 | €300.82 | €289.89 | -3.63% |
Apr 29, 2025 | €189.25 | €183.16 | -3.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Royal Caribbean (DE:RC8) report earnings?
Royal Caribbean (DE:RC8) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Royal Caribbean (DE:RC8) earnings time?
Royal Caribbean (DE:RC8) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Royal Caribbean stock?
The P/E ratio of Royal Caribbean is N/A.
What is DE:RC8 EPS forecast?
DE:RC8 EPS forecast for the fiscal quarter 2026 (Q1) is 2.72.
