Royal Caribbean beats Q2 guidance, raises full-year EPS to $17.73–$17.87, returns $600M+

Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 EPS of $4.20 (Adjusted $4.21) beat guidance; full-year Adjusted EPS raised to $17.73–$17.87 (14% YoY growth), driven by strong close-in demand, lower costs, and favorable joint-venture performance.

  Exhibit 99.1 view on EDGAR →
• high

  Q2 revenue $4.8B (+6% YoY), Net Yields +1.9% as-reported (+1.2% Constant Currency), load factor 110%; full-year revenue expected +9% YoY, Net Yields +2.35% to +2.85% as-reported.

  Exhibit 99.1 view on EDGAR →
• high

  Returned $600M+ to shareholders in Q2 via $199M buyback (0.8M shares) and $404M dividends; $805M remains under current authorization; liquidity $6.9B, revolver increased $250M to $6.6B.

  Exhibit 99.1 view on EDGAR →