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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.76B | +12.9% | $2.00 | +88.7% | 16.6% | 14.7% | $915M |
| FY2025 Q1 | $4.00B | +7.3% | $2.70 | +100.0% | 23.6% | 18.3% | $1.20B |
| FY2025 Q2 | $4.54B | +10.4% | $4.41 | +41.8% | 29.3% | 26.7% | $910M |
| FY2025 Q3 | $5.14B | +5.2% | $5.74 | +36.3% | 33.1% | 30.7% | $-989M |
| FY2025 Q4 | $4.26B | +13.2% | $2.76 | +38.0% | 21.9% | 17.7% | $116M |
| FY2026 Q1 | $4.45B | +11.3% | $3.48 | +28.9% | 26.1% | 21.1% | $1.33B |
| FY2026 Q2 | $4.83B | +6.5% | $4.20 | -4.8% | 27.0% | 23.3% | $-877M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Wieczynski | Stifel | 10 (0%) |
| Brandt Montour | Barclays | 10 (40%) |
| Vince Ciepiel | Cleveland Research | 9 (22%) |
| Robin Farley | UBS | 9 (22%) |
| Conor Cunningham | Melius Research | 9 (11%) |
| Matt Boss | JPMorgan | 9 (0%) |
| Ben Chaiken | Mizuho Securities | 7 (0%) |
| Lizzie Dove | Goldman Sachs | 6 (17%) |
| James Hardiman | Citigroup | 6 (17%) |
| Xian Siew | BNP Paribas | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 | 10 (40%) |
| Stifel | 1 | 10 (0%) |
| UBS | 1 | 9 (22%) |
| Cleveland Research | 1 |
| 9 (22%) |
| JPMorgan | 1 | 9 (0%) |
| Melius Research | 1 | 9 (11%) |
| Mizuho Securities | 1 | 7 (0%) |
| Citigroup | 2 | 7 (14%) |
Royal Caribbean reported adjusted EPS of $3.60, $0.37 above guidance midpoint and up 33% year-over-year, with revenue growing 11% and EBITDA margin reaching 38%. However, full-year EPS guidance was lowered from $17.70-$18.10 to $17.10-$17.50, a 3.4% cut at the midpoint, driven by $0.74 per share in fuel headwinds and lower TUI Cruises earnings. AI and digital ecosystem acceleration continued alongside destination portfolio expansion.
Demand | Revenue Growth | Product Launch | Competitive Dynamics | Pricing | Guidance Reliability | Cost Pressure | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 1 | 4 | 4 | 3 | 2 | 2 | |
| 2025Q1 | 7 | 4 | 4 | 5 | 4 | 3 | 1 | |
| 2025Q2 | 4 | 5 | 5 | 2 | 3 | 3 | 2 | |
| 2025Q3 | 3 | 5 | 3 | 2 | 1 | 3 | 2 | 1 |
| 2025Q4 | 3 | 4 | 3 | 3 | 1 | 1 | 1 | |
| 2026Q1 | 4 | 4 | 1 | 1 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 7 | 4 | 3 | 3 | 4 |
| Revenue Growth | 1 | 4 | 5 | 5 | 4 | 4 |
| Product Launch | 4 | 4 | 5 | 3 | 3 | |
| Competitive Dynamics | 4 | 5 | 2 | 2 | 3 | 1 |
| Pricing | 3 | 4 | 3 | 1 | 1 | |
| Guidance Reliability | 3 | 3 | 3 | 1 | 1 | |
| Cost Pressure | 2 | 2 | 1 | 3 | ||
| Capex Investment | 2 | 1 | 2 | 1 | 2 |
What RCL and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“From an operational standpoint, two of our TUI Cruise ships sailing in the Middle East region were directly impacted by the conflict and therefore, had to temporarily pause operations.”
Royal Caribbean's TUI Cruises joint venture (co-owned with TUI AG) paused two ships due to Middle East conflict, contributing to lower JV earnings for the year.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
RCL Royal Caribbean Group | 6 | +11.3% | |
| ABNB Airbnb | 9 | +17.9% | |
| BKNG Booking Holdings | 7 | +16.2% | |
| EXPE Expedia Group | 7 | +14.7% | |
| NCLH Norwegian Cruise Line Holdings | 6 | +9.6% |