Quarterly ResultApr 30, 2026, 06:37 AM
RCL Q1 Adj EPS $3.60, Exceeds Expectations; FY Guidance Raised
AI Summary
Royal Caribbean Group reported strong first-quarter results, with Adjusted EPS of $3.60, exceeding company guidance due to favorable revenue, lower costs, and better joint venture performance. The company returned approximately $1.1 billion to shareholders through $836 million in share repurchases and $270 million in dividend payments. Following a record WAVE season and strong demand, the company updated its full-year Adjusted EPS guidance to a range of $17.10 to $17.50, reflecting higher fuel costs but also lower non-fuel costs and benefits from share repurchases.
Key Highlights
- Q1 2026 Adjusted EPS was $3.60, exceeding company guidance.
- Q1 2026 Total Revenue increased 11% year-over-year to $4.5 billion.
- Q1 2026 Net Yields increased 3.6% as-reported.
- Full-year 2026 Adjusted EPS guidance updated to $17.10-$17.50.
- Returned $1.1 billion to shareholders in Q1 via $836M share repurchases and $270M dividends.
- Liquidity position was $6.9 billion as of March 31, 2026.
- Expects full-year 2026 revenue growth of approximately 10%.
- Ordered Icon VI and Icon VII ships; Legend of the Seas to be delivered in Q2 2026.