Royal Caribbean Cruises (RCL) delivered mixed results in Q2 FY2026 on revenue of $4.8B versus the $4.8B estimate (+6.5% YoY) and EPS of $4.21. The next Royal Caribbean Cruises (RCL) earnings date is Oct 27, 2026. Below is the full Royal Caribbean Cruises earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Royal Caribbean Cruises (RCL) Earnings Analysis — key stats
Next earnings date
Oct 27, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Mixed
EPS beat rate
6 of last 8 (quarters above estimate)
Avg next-day move
±7.1% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±15.8% (options-derived · into Oct 27, 2026)
Institutional ownership
88.3% (13F as of 2026-06-30)
Top 10 holders
59.0% (of shares outstanding)
Insider activity
7 buys / 4 sells (recent Form 4 filings)
Revenue
$4.8B (vs $4.8B est · +0.3% surprise · +6.5% YoY)
EPS
$4.21 (vs $3.98 est · +5.8% surprise · -5.4% YoY)
Share price
$305.00 (-1.6%)
Market cap
$81.8B
Royal Caribbean Cruises (RCL) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$4.8B vs $4.8B est
$4.21 vs $3.98 est
+5.8%
+6.1%
Mixed
Q2 FY2026
$4.5B vs $4.5B est
$3.60 vs $3.24 est
+11.1%
+4.5%
Mixed
Q1 FY2026
$4.3B vs $4.3B est
$2.80 vs $2.80 est
+0.0%
+11.3%
In line
Q4 FY2025
$5.1B vs $5.2B est
$5.75 vs $5.69 est
+1.1%
-12.6%
In line
Q3 FY2025
$4.5B vs $4.6B est
$4.38 vs $4.09 est
+7.1%
-5.9%
Mixed
Q2 FY2025
$4.0B vs $4.0B est
$2.71 vs $2.55 est
+6.3%
-0.6%
Mixed
Q1 FY2025
$3.8B vs $3.8B est
$1.63 vs $1.50 est
+8.7%
+13.6%
Mixed
Q4 FY2024
$4.9B vs $4.9B est
$5.20 vs $5.03 est
+3.4%
+2.4%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Capital Research Global Investors
12.7%
34.3M
$10.9B
+21.2%
Capital International Investors
9.1%
24.5M
$7.8B
-2.2%
Blackrock, INC.
7.6%
20.6M
$6.5B
-6.5%
Capital World Investors
6.9%
18.7M
$5.9B
-6.9%
Vanguard Capital Management LLC
5.9%
16.0M
$5.1B
-0.3%
Undisclosed filer
4.5%
12.2M
$3.9B
-0.3%
Osiris Holdings INC.
4.3%
11.7M
$3.7B
+100.0%
State Street Corp
4.0%
10.7M
$3.4B
+2.6%
Geode Capital Management, LLC
2.6%
6.9M
$2.2B
-1.5%
Jpmorgan Chase & CO
1.4%
3.8M
$1.2B
+9.8%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Bunch Tara
director
2026-07-31
Buy
683
—
Bayley Michael W
officer: Pres&CEO, Royal Caribbean Intl
2026-07-29
Sell
13K
$4.0M
Wiernicki Christopher J
director
2026-05-28
Buy
571
—
Bunch Tara
director
2026-07-16
Other
0
—
Yeung Rebecca
director
2026-05-28
Sell
78
$21576
Wilhelmsen Arne Alexander
director
2026-05-28
Buy
831
—
Wiernicki Christopher J
director
2026-05-28
Buy
831
—
Wiernicki Christopher J
director
2026-05-28
Sell
93
$25725
What you'll find
Next Royal Caribbean Cruises (RCL) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Royal Caribbean Cruises reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Royal Caribbean Cruises (RCL)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Royal Caribbean Cruises's next earnings date?
Royal Caribbean Cruises's (RCL) next scheduled earnings date is Oct 27, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Royal Caribbean Cruises (RCL) beat or miss earnings?
In Q2 FY2026, Royal Caribbean Cruises (RCL) posted mixed results — revenue of $4.8B versus the $4.8B estimate (+0.3% surprise) and EPS of $4.21 versus $3.98 expected (+5.8% surprise). Magnisto decodes every Royal Caribbean Cruises (RCL) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Royal Caribbean Cruises beat earnings estimates?
Over its last 8 reported quarters, Royal Caribbean Cruises (RCL) beat Wall Street EPS estimates 6 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Royal Caribbean Cruises (RCL) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Royal Caribbean Cruises stock move after earnings?
Over its last 8 quarterly reports, Royal Caribbean Cruises (RCL) moved an average of ±7.1% the day after earnings — ranging from -12.6% (Q4 FY2025) to +13.6% (Q1 FY2025). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Oct 27, 2026, options-implied volatility is pricing in a move of roughly ±15.8% (derived). Magnisto tracks the realized post-earnings move for every Royal Caribbean Cruises (RCL) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Royal Caribbean Cruises?
Institutions hold about 88.3% of Royal Caribbean Cruises's (RCL) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Capital Research Global Investors (12.7%), Capital International Investors (9.1%), Blackrock, INC. (7.6%). Magnisto lists Royal Caribbean Cruises's (RCL) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Royal Caribbean Cruises (RCL)?
In the most recent Form 4 filings Magnisto tracks, Royal Caribbean Cruises (RCL) insiders recorded 7 purchases and 4 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Royal Caribbean Cruises (RCL) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Royal Caribbean Cruises (RCL), anchored to the current $305.00 share price, so you can weigh the bull, base and bear cases for Royal Caribbean Cruises side by side.
Is Royal Caribbean Cruises (RCL) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Royal Caribbean Cruises fits your own thesis and risk profile. This is research, not investment advice.