Cruise giant Royal Caribbean Group (RCL) released its third-quarter 2026 financial results on October 27. During the reporting period, Royal Caribbean Group’s earnings per share were $6.45, and adjusted earnings per share were $6.57, beating expectations. At the same time, Royal Caribbean Group raised its full-year 2026 guidance and now expects 2026 adjusted earnings per share to be between $17.85 and $17.95.

Jason Liberty, President and CEO of Royal Caribbean Group, said, “Our third-quarter results reflect continued strong consumer demand for Royal Caribbean vacation experiences and the accelerating momentum of our industry-leading brands.”

He noted, “Demand for Royal Caribbean Group’s leading vacation experiences remains strong, and while it is still early, bookings for 2027 are running ahead of historical levels at a faster pace.”

Third-Quarter 2026 Results

In the third quarter of 2026, Royal Caribbean Group generated revenue of $5.591 billion, up 8.8% year over year; adjusted EBITDA reached $2.531 billion, up 10.6% year over year; and net income was $1.735 billion, or $6.46 per share.

In the first nine months of 2026, Royal Caribbean Group generated revenue of $14.876 billion, up 8.8% year over year; adjusted EBITDA reached $6.069 billion, up 9.3% year over year; and net income was $3.821 billion, or $14.15 per share.

Fourth-Quarter 2026 Outlook

Based on current fuel prices, interest rates, foreign exchange rates and other factors, the company expects fourth-quarter 2026 adjusted earnings per share to be between $3.48 and $3.58.