Royal Caribbean Cruises Ltd.: EPS $6.57 vs $6.38 expected; revenue $5.59B vs $5.61B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 6.57 | 6.38 | +3.0% | 5.75 |
| Revenue (USD bn) | 5.59 | 5.61 | −0.3% | 5.14 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Q3 FY2026 | 6.57 | 6.38 | +3.0% | 5.59 | 5.61 | −0.3% |
| Jul 28, 2026 | Q2 FY2026 | 4.21 | 3.98 | +5.8% | 4.83 | 4.82 | +0.3% |
| Apr 30, 2026 | Q1 FY2026 | 3.60 | 3.24 | +11.1% | 4.45 | 4.46 | −0.3% |
| Jan 29, 2026 | Q4 FY2025 | 2.80 | 2.80 | 0.0% | 4.26 | 4.26 | −0.1% |
| Oct 28, 2025 | Q3 FY2025 | 5.75 | 5.69 | +1.1% | 5.14 | 5.17 | −0.5% |
| Jul 29, 2025 | Q2 FY2025 | 4.38 | 4.09 | +7.1% | 4.54 | 4.55 | −0.3% |
| Apr 29, 2025 | Q1 FY2025 | 2.71 | 2.55 | +6.3% | 4.00 | 4.01 | −0.4% |
| Jan 28, 2025 | Q4 FY2024 | 1.63 | 1.50 | +8.7% | 3.76 | 3.76 | 0.0% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Royal Caribbean Cruises Ltd. results: EPS $6.57 vs $6.38 expected; revenue $5.59B vs $5.61B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 3.0%; revenue below the estimate by 0.3%.
Revenue was up 8.8% from $5.14 billion a year earlier (Q3 FY2025). EPS was up 14.3% from $5.75 a year earlier. On its record, EPS topped analysts' estimates in 6 of 7 earlier comparable reports.
What the results mean
Revenue growth at Royal Caribbean Cruises Ltd. points to expanding activity, but understanding its effect on profitability requires examining the voyage mix and operating costs. Revenue alone does not show how much the company retains after delivering its services.
The company operates cruises through a range of brands and a global network of destinations. This variety supports different travel offerings, while fleet utilization and voyage management remain central drivers of the business economics.
What to watch on the earnings call: Investors should follow management's discussion of cruise demand, the booking mix across brands and destinations, and fleet utilization. Discussion of operating costs, spending, and margins would also help explain how business growth translates into profitability.
For the full analysis of Royal Caribbean Cruises Ltd. stock — valuation, scores and financial statements — see the stock page linked with this story.