Royal Caribbean Group (RCL) Q3 FY25 earnings call

Earnings call· Sep 2025 (Q3 FY25)· Consumer Discretionary· Oct 28, 2025

Source: earnings call transcript

Royal Caribbean Group delivered strong Q3 FY25 results, exceeding expectations due to robust close-in demand and lower costs. The company raised its full-year EPS guidance, driven by sustained demand across its brands and strategic investments in innovative ships and exclusive destinations. Management anticipates continued earnings growth and margin expansion into 2026, supported by moderate capacity and yield growth, and disciplined cost control, despite some below-the-line headwinds.

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RCL operating KPIs by quarter

RCL operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Vacations delivered	2.5M+ During the quarter, we delivered over 2.5 million unforgettable vacations at industry-leading guest satisfaction scores. Source: earnings call transcript	2.4M In the second quarter, we delivered 2.4 million incredible vacations at industry-leading guest satisfaction scores. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.