Short answer
Royal Caribbean Group (RCL) filed its Q2 2025 10-Q quarterly report on Jul 29, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $4.5B (up 10.4% year over year) with net income of $1.2B.
Q2 2025 key financials · XBRL
- Revenue
- $4.5B
- +10.4% YoY · +13.5% QoQ
- Net income
- $1.2B
- +41.7% YoY · +65.8% QoQ
- Operating margin
- 29.3%
- EPS (diluted)
- $4.40
- +41.5% YoY · +63.0% QoQ
Source: XBRL data from the Royal Caribbean Group (RCL) Q2 2025 10-Q on SEC EDGAR. USD.
Royal Caribbean Group Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.80B Q2 2025, up $428M from $4.37B Q2 2024, driven by higher capacity, ticket prices, onboard spending
- Net income $1.21B Q2 2025 vs $854M Q2 2024; Adjusted net income $1.20B vs $882M; six-month net income $1.94B vs $1.2B YoY
- Operating expenses up $131M Q2 2025 vs prior year, primarily due to increased capacity; no margin % explicitly stated
- Best segment: TUI Cruises JV delivered new ship "Mein Schiff Relax" in Feb 2025; no worst segment quantified
- Increased revolving credit capacity to $6.4B and extended credit facility maturity to 2030; completed $213M convertible note exchange
Risk Factors
- No material changes to risk factors since the most recent 10-K filing
- Ongoing risk of reduced passenger demand from global economic uncertainty and COVID-19 variants
- Regulatory compliance risk includes evolving international travel restrictions impacting itinerary planning
- Operational risk from supply chain disruptions affecting ship maintenance and provisioning
- Financial risk due to $2.9 billion debt maturity in 2025 requiring refinancing or repayment
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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