Filing Flows › Royal Caribbean Cruises (RCL) › Guidance history
Royal Caribbean Cruises (RCL) guidance history: what it guided and what it reported
Royal Caribbean Cruises gave guidance in 12 earnings releases on file since Feb 1, 2024. Its releases raised guidance 8 times and lowered it once.
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $460M–$470M (Oct 27, 2026) | — | to be reported | — |
| Q3 2026 | $485M–$495M (Jul 28, 2026) | — | — | — |
| Q2 2026 | $465M–$475M (Apr 30, 2026) | — | — | — |
| FY2026 | $1.9B–$1.9B (Jan 29, 2026) → raised $1.9B–$1.9B (Apr 30, 2026) → lowered $1.9B–$1.9B (Jul 28, 2026) → lowered $1.9B–$1.9B (Oct 27, 2026) | — | to be reported | — |
| Q1 2026 | $455M–$465M (Jan 29, 2026) | — | — | — |
| Q4 2025 | $445M–$455M (Oct 28, 2025) | — | — | — |
| Q3 2025 | $425M–$435M (Jul 29, 2025) | — | — | — |
| Q2 2025 | $415M–$425M (Apr 29, 2025) | — | — | — |
| FY2025 | $1.7B–$1.7B (Jan 28, 2025) → lowered $1.7B–$1.7B (Apr 29, 2025) → lowered $1.7B–$1.7B (Jul 29, 2025) → raised $1.7B–$1.7B (Oct 28, 2025) | — | — | — |
| Q1 2025 | $410M–$420M (Jan 28, 2025) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $5.0B (Jan 29, 2026) → reaffirmed $5.0B (Apr 30, 2026) → lowered $4.7B (Jul 28, 2026) → lowered $4.6B (Oct 27, 2026) | — | to be reported | — |
| FY2025 | $5.0B (Jan 28, 2025) → reaffirmed $5.0B (Apr 29, 2025) → reaffirmed $5.0B (Jul 29, 2025) → reaffirmed $5.0B (Oct 28, 2025) | $5.2B (GAAP) | not judged | — |
| FY2024 | $3.3B (Feb 1, 2024) → raised $3.4B (Apr 25, 2024) → raised $3.5B (Jul 25, 2024) → lowered $3.4B (Oct 29, 2024) | $3.3B (GAAP) | not judged | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $3.48–$3.58 (Oct 27, 2026) | — | to be reported | — |
| Q3 2026 | $6.26–$6.36 (Jul 28, 2026) | — | — | — |
| Q2 2026 | $3.83–$3.93 (Apr 30, 2026) | — | — | — |
| Q1 2026 | $3.18–$3.28 (Jan 29, 2026) | — | — | — |
| FY2026 | $17.70–$18.10 (Jan 29, 2026) → lowered $17.10–$17.50 (Apr 30, 2026) → raised $17.73–$17.87 (Jul 28, 2026) → raised $17.85–$17.95 (Oct 27, 2026) | — | to be reported | — |
| Q4 2025 | $2.74–$2.79 (Oct 28, 2025) | — | — | — |
| Q3 2025 | $5.55–$5.65 (Jul 29, 2025) | — | — | — |
| Q2 2025 | $4.00–$4.10 (Apr 29, 2025) | — | — | — |
| Q1 2025 | $2.43–$2.53 (Jan 28, 2025) | — | — | — |
| FY2025 | $14.35–$14.65 (Jan 28, 2025) → raised $14.55–$15.55 (Apr 29, 2025) → raised $15.41–$15.55 (Jul 29, 2025) → raised $15.58–$15.63 (Oct 28, 2025) | — | — | — |
The latest quarter
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
Does Royal Caribbean Cruises beat its guidance?
Royal Caribbean Cruises gave guidance in 12 earnings releases on file since Feb 1, 2024. Its releases raised guidance 8 times and lowered it once.
How often does Royal Caribbean Cruises raise guidance?
Its earnings releases raised guidance 8 times and lowered it once since Feb 1, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.