Flagship explainer
How ROYAL CARIBBEAN CRUISES LTD makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $17.9B | 100% |
| |
| Cost of revenue | $9.1B | 51% |
|
| $8.9B | 49% |
| |
| $4.9B | 27% |
| |
| Income before tax | $4.4B | 24% |
|
| Income tax | $82M | 0% |
|
| $4.3B | 24% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0000884887-26-000007