Royal Caribbean Group's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-27. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $5,591 million (+8.8% vs a year earlier) |
| Diluted EPS (GAAP) | $6.45 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $6.57 |
| Full-year guidance | Raised |
Guidance
Royal Caribbean raised its 2026 adjusted EPS outlook to $17.85–17.95 and expects about 9% revenue growth; Q4 adjusted EPS $3.48–3.58.
Why this label: Headline 'RAISES FULL YEAR GUIDANCE'; adjusted EPS now $17.85–$17.95 (prior not stated); revenue growth ~9% has no change wording.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| adjusted EPS | FY2026 | $17.85–17.95 | not stated |
| total revenue growth | FY2026 | approximately 9% y/y | not stated |
| net cruise costs excluding fuel per APCD | FY2026 | approximately +0.4% as-reported; approximately flat in constant currency | not stated |
| capital expenditures | FY2026 | approximately $4.6 billion | not stated |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| adjusted EPS | Q4 2026 | $3.48–3.58 |
| net yields vs 2025 | Q4 2026 | 4.4%–4.9% as-reported; 4.2%–4.7% constant currency |
| total revenue growth | Q4 2026 | 9% y/y |
From the release
Revenue: "Total revenues · 5,591 · 5,139"
Earnings per share: "today reported third quarter Earnings per Share ("EPS") of $6.45 and Adjusted EPS of $6.57"
adjusted EPS: "The company now expects full year Adjusted EPS to be in the range of $17.85 to $17.95. The increase in earnings expectations reflects the stronger-than-expected third quarter performance"
total revenue growth: "Revenue is expected to grow 9% year over year. Net Yields are expected to increase approximately 2.7% as-reported and approximately 2.1% in Constant Currency."
net cruise costs excluding fuel per APCD: "NCC, exclud ing Fuel, per APCD are expected to increase approximately 0.4% as-reported and be approximately flat in Constant Currency."
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Raised FY2026 adjusted EPS guidance to $17.85–17.95 after Q3 adjusted EPS of $6.57.
Source
Royal Caribbean Group earnings release (SEC filing), accession 0000884887-26-000042, filed 2026-10-27.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.