Filing Flows › Royal Caribbean Cruises (RCL) › Free cash flow
Royal Caribbean Cruises (RCL) free cash flow by quarter
Royal Caribbean Cruises' free cash flow was $937M in Q3 2026 (third quarter 2026), -30% from Q1 2026. Over the last 5 quarters it ranged from $116M (Q4 2025) to $1.3B (Q1 2026).
| Quarter | Free cash flow | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $937M | -30% | — |
| Q1 2026 | $1.3B | 12× | +11% |
| Q4 2025 | $116M | -87% | — |
| Q2 2025 | $910M | -24% | — |
| Q1 2025 | $1.2B | — | — |
Q3 2026 at a glance
Royal Caribbean Cruises, Q3 2026: revenue $5.6B (+9% year over year), operating margin 33.5%, net earnings $1.7B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Questions
What is Royal Caribbean Cruises' free cash flow?
Royal Caribbean Cruises' free cash flow was $937M in Q3 2026 (third quarter 2026), -30% from Q1 2026.
How has Royal Caribbean Cruises' free cash flow changed?
Over the last 5 quarters it ranged from $116M (Q4 2025) to $1.3B (Q1 2026).
Q3 2026 results → · How Royal Caribbean Cruises makes money →