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ROYAL CARIBBEAN CRUISES LTD Deferred Revenue 2017-2026 | RCL

Annual FY2017–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$5.74B

+4.4%YoY vs FY2024Source: 10-KFY2025

From $2.31B in FY2017 to $5.74B in FY2025: 2.5× in 8 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$6.5B+3.4%Not reportedNot reportedNot reported
FY25$6.3B+4.9%$6.4B+2.1%$5.6B+5.3%$5.7B+4.4%
FY24$6.0B+14.6%$6.2B+10.0%$5.3B+5.8%$5.5B+3.5%
FY23$5.3B+47.7%$5.7B+36.2%$5.0B+33.3%$5.3B+27.4%
FY22$3.6B+94.9%$4.2B+76.4%$3.8B+36.5%$4.2B+31.9%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date.

Key Statistics

Trend DirectionGrowing
CAGR

+26.3%

FY2020
$1.78B
FY2025
$5.74B

5 years selected · on the chart

01—History

Deferred Revenue History

Year-over-year comparison from 10-K annual reports

  9. $5.74B
YoY changeLargest recent move+77.1%in FY21Latest +4.4%

02—Ledger

Deferred Revenue, period by period

PeriodValueChangeSource
FY2025$5.74B+4.4%10-K
FY2024$5.50B+3.5%10-K
FY2023$5.31B+27.4%10-K
FY2022$4.17B+31.9%10-K
FY2021$3.16B+77.1%10-K
FY2020$1.78B−47.9%10-K
FY2019$3.43B+8.9%10-K
FY2018$3.15B+36.4%10-K
FY2017$2.31B—10-K

03—Questions

What is deferred revenue?

Deferred revenue represents payments received in advance for goods or services that have not yet been delivered to customers.

What is ROYAL CARIBBEAN CRUISES LTD's current deferred revenue?

ROYAL CARIBBEAN CRUISES LTD (RCL) annual deferred revenue for 2025 was $5.74B, a 4.42% increase from 2024. ROYAL CARIBBEAN CRUISES LTD deferred revenue for the quarter ending March 31, 2026 was $6.55B.

What was ROYAL CARIBBEAN CRUISES LTD's deferred revenue in 2024?

ROYAL CARIBBEAN CRUISES LTD annual deferred revenue for 2024 was $5.50B, a 3.48% increase from 2023.

What was ROYAL CARIBBEAN CRUISES LTD's deferred revenue in 2023?

ROYAL CARIBBEAN CRUISES LTD annual deferred revenue for 2023 was $5.31B, a 27.42% increase from 2022.

What is ROYAL CARIBBEAN CRUISES LTD's 5-year deferred revenue CAGR?

ROYAL CARIBBEAN CRUISES LTD deferred revenue grew at a compound annual growth rate (CAGR) of 26.31% from FY2020 to FY2025, going from $1.78B to $5.74B over 5 years.

Company
ROYAL CARIBBEAN CRUISES LTD
Ticker
RCL
Sector
Other
Industry
Water Transportation
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