ROYAL CARIBBEAN CRUISES LTD (RCL) Form 8-K — Oct 27, 2026
Royal Caribbean Group beat expectations in Q3 2026, reporting EPS of $6.45 and Adjusted EPS of $6.57 versus $5.74 and $5.75 a year earlier, on revenue of $5.6 billion, up 9% year over year. The company raised full year 2026 Adjusted EPS guidance to $17.85-$17.95 and reaffirmed its Perfecta targets of 20% Adjusted EPS CAGR through 2027, with 2027 bookings pacing ahead of historical levels at higher rates. Results were driven by strong close-in demand in Europe and the Caribbean and 112% load factor.
Key figures
- Eps
- 6.45
- Revenue
- 5591000000
- Guidance
- Full year 2026 Adjusted EPS of $17.85 to $17.95; Q4 2026 Adjusted EPS of $3.48 to $3.58; FY2026 revenue expected to grow 9%
- Net Income
- 1728000000
- Revenue Yoy
- 9%
- Total Assets
- 44813000000
- Cash Position
- 851000000
- Shares Outstanding
- 303,899,853 shares issued at September 30, 2026
- Capex fy2026
- $4.6 billion
- Edc term loan
- $400 million delayed-draw term loan with Export Development Canada
- Sandals stake
- 50% interest in Sandals and Beaches Resorts
- Load factor q3
- 112
- Adjusted eps q3
- 6.57
- Perfecta target
- 20% Adjusted EPS CAGR from 2024 through 2027, or a $20-handle in 2027
- Guests served q3
- 2.7 million
- Revolver capacity
- $6.65 billion
- Adjusted ebitda q3
- 2539000000
- Capacity growth q3
- 8%
- Liquidity position
- $7.4 billion
- Senior notes issued
- $1.25 billion of 5.550% senior unsecured notes due 2034
- Adjusted net income q3
- 1760000000
- Fuel expense q4 guidance
- $379 million (58% hedged)
- Adjusted ebitda margin q3
- 45.4%
- Net yield growth as reported
- 0.9%
- Diluted weighted avg shares q3
- 268000000
- Ncc ex fuel change as reported
- -1.9%
AI analysis
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