Royal Caribbean Cruises Ltd

Company facts

Industry

Water Transportation

Headquarters

Miami, Florida

Most recent report

8-K, filed Aug 20, 2026

Filings on record

1,000+ filings

On EDGAR

CIK 884887

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 2 positive, 5 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Full financial statements and notes with key data on earnings, debt, ship orders, and litigation.
  Positive

  • Dividend doubled to $1.50 per share in Q2 2026, returning more cash to shareholders.
  Notable

  • Supreme Court vacated earlier win in Havana Docks case; litigation risk remains.

• Management's Discussion (Item 2)

  Real Q2 results, liquidity, and massive ship-building commitments.
  Positive

  • Revenue up 6.5% to $4.832B in Q2 2026, driven by 4.9% capacity growth and higher onboard spending.
  Notable

  • Issued $2.5B of senior notes due 2033 and 2038 in February 2026.
  • Share repurchases increased $0.8B vs prior-year period; $1.50 quarterly dividend declared.
  • $16.5B aggregate cost of ships on order, $1.3B deposited; committed financing $14.3B.
  • Liquidity $6.9B: $0.9B cash, $6B undrawn revolver as of June 30, 2026.
  Negative

  • Q2 2026 net income $1.128B, down from $1.210B in Q2 2025, a 6.8% decline.
  • Fuel expense up $76M in Q2 2026 due to higher rates; payroll up $76M from new ships.

• Legal Proceedings (Item 1)

  Ongoing Helms-Burton litigation with $112M exposure, Supreme Court remanded.
  Negative

  • Helms-Burton lawsuit remanded to 11th Circuit; $112M judgment at risk plus treble damages.

What changed: Jun 2026 vs. Mar 2026

About 8% of RCL's Jun 2026 10-Q is new information. 26 paragraphs were added, 142 changed, and 22 removed. Below are the most important lines SECSift identified.

• Item 1 64
• Item 2 59
• Item 6 6
• Item 4 1
• Item 5 1