Royal Caribbean Group (RCL)
Operates Royal Caribbean, Celebrity and Silversea cruises alongside private destinations.
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Sells contemporary, premium and ultra-luxury vacations through Royal Caribbean, Celebrity Cruises and Silversea, earning mainly from passenger fares plus onboard purchases. Private destinations, a half-owned German cruise venture and Celebrity’s planned river fleet extend a capital-intensive cruise platform.
Runs three wholly owned vacation brands: Royal Caribbean serves the contemporary family and premium markets, Celebrity Cruises targets premium travelers, and Silversea covers ultra-luxury and expedition voyages. A half-owned TUI Cruises venture operates Mein Schiff and Hapag-Lloyd Cruises for German-speaking guests.
Earns primarily from passenger fares, supplemented by onboard goods and services. Ships sail worldwide, while most global-brand guests come from North America. Private destinations, loyalty programs and technology connect booking, onboard spending and repeat travel; Celebrity is also extending into European river cruising.
Manages the brands as one reportable segment and invests heavily in new ships and destination infrastructure. Operations depend on discretionary travel demand, port access, shipyard delivery, fuel and foreign-exchange costs, and maritime, health and environmental regulation.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | UBS | Reiterate | Rating: —Target: $309 | Target: $367 |
| Jul 30, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $280 | Target: $300 |
| Jul 29, 2026 | Susquehanna | Reiterate | Rating: —Target: $350 | Target: $372 |
| Jul 29, 2026 | Stifel Nicolaus | Target | Target: $410 | Target: $415 |
| Jul 29, 2026 | Wells Fargo | Reiterate | Rating: —Target: $361 | Target: $388 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $875.0M · Total debt $23.52B · Total assets $44.64B · Shareholders' equity $10.24B
- Revenue
- $4.83B
- Operating income
- $1.31B
- Net income
- $1.13B
HistoryDividendAnnual yield
| Institutions | 89.30% | 238.84M shares | |
|---|---|---|---|
| 1,304 holders · as of Jun 30, 2026 | |||
| Insiders | 19.40% | 51.90M shares | |
| 23 holders · as of Aug 3, 2026 | |||
| Adds to | 108.70% | ||
267.45M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 108.70%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Capital Research Global InvestorsInstitution | 12.81% | 34.26M | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 9.16% | 24.49M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.71% | 20.63M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 6.98% | 18.67M | as of Jun 30, 2026 |
Wilhelmsen A. S. A.1,2Insider10 percent owner | 6.79% | 18.17M | filed Feb 12, 2025 |
- Wilhelmsen A. S. A.'s transaction reports restate only vehicles that traded; the 2025 ownership statement (18.17M) is used instead.
- Wilhelmsen A. S. A. reports a block also reported by Vanguard Capital Management LLC; it is counted once, under Vanguard Capital Management LLC.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 29, 2026 | Michael W. Bayley | officer: Pres&CEO, Royal Caribbean Intl | −12,811 | $315.99 |
| Feb 27, 2026 | Arne Alexander Wilhelmsen | director | −245,476 | $311.54 |
| Feb 26, 2026 | Arne Alexander Wilhelmsen | director | −356,026 | $318.39 |
| Feb 25, 2026 | Arne Alexander Wilhelmsen | director | −170,105 | $315.92 |
| Feb 24, 2026 | Arne Alexander Wilhelmsen | director | −345,111 | $315.73 |
- Carnival
World's #1 cruise operator by capacity, spanning mass-market to ultra-luxury.
- Norwegian Cruise Line
Global #3 cruise operator; brand-for-brand rival mainstream to ultra-luxury.
- Viking
Premium adult-only river, ocean, and expedition operator; #1 in European rivers.
- Lindblad Expeditions
Leading expedition cruise specialist, co-branded with National Geographic.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Royal Caribbean Group | $228.20 | −2.85% | $63.00B | 14.5 | 12.1 | 3.4 | +6.5% |
| Carnival | $21.92 | −1.64% | $30.52B | 10.0 | 9.6 | 1.1 | +5.3% |
| Norwegian Cruise Line | $14.02 | −1.41% | $6.53B | 8.9 | 10.7 | 0.6 | +4.9% |
| Viking | $81.06 | +0.05% | $35.99B | 26.8 | 22.4 | 5.2 | +16.5% |
| Lindblad Expeditions | $26.72 | −2.18% | $1.79B | — | 75.9 | 2.2 | +18.6% |
| Median | 10.0 | 16.5 | 1.6 | +10.9% |