Welcome to our dedicated page for ROYAL CARIBBEAN CRUISES SEC filings (Ticker: RCL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on ROYAL CARIBBEAN CRUISES's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time SEC filing updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into ROYAL CARIBBEAN CRUISES's regulatory disclosures and financial reporting.
Royal Caribbean Cruises Ltd. President & CEO of Royal Caribbean International, Michael W. Bayley, reported several equity award and tax-withholding transactions in company common stock. On 02/10/2026, he acquired 167,809 shares underlying performance shares and 5,876 shares underlying restricted stock units at a stated price of $0, reflecting equity awards under the company’s 2008 Equity Incentive Plan.
Also on 02/10/2026, 65,656 shares were disposed of at $345.405 per share and on 02/12/2026, 2,943 shares were disposed of at $337.84 per share, in each case to cover Bayley’s tax liabilities on vesting of these awards. Following these transactions, he directly owned 138,108 shares of Royal Caribbean common stock.
Royal Caribbean Cruises Ltd. is planning to issue two new series of unsecured senior notes, each paying semi-annual cash interest, to refinance its 2026 senior notes and repay other existing indebtedness, including term loans. The notes will rank equally with the company’s other senior unsecured debt and will be structurally subordinated to liabilities at subsidiaries.
The company reported strong 2025 results, with total revenues of $17,935 million, operating income of $4,910 million, and net income of $4,268 million. Total debt including finance leases was $21,345 million and shareholders’ equity was $10,245 million as of December 31, 2025. Adjusted EBITDA reached $7,026 million, giving a ratio of Adjusted EBITDA to net interest expense of 7.08x, indicating improved coverage of interest costs.
Royal Caribbean Cruises Ltd. outlines its 2025 business, highlighting a combined fleet of 69 ships with approximately 179,720 berths across its Royal Caribbean, Celebrity Cruises, Silversea and partner brands. The company carried 9,446,010 passengers in 2025 with occupancy of 109.7%, showing strong utilization of capacity.
Royal Caribbean is expanding through new Icon-, Oasis-, Edge- and Discovery-class ocean ships plus a 20-vessel Celebrity River Cruises program, and a growing portfolio of private destinations expected to rise from 3 to 8 by 2028. The filing emphasizes decarbonization via its Destination Net Zero strategy, heavy investment in technology and data, and a global workforce of about 108,000 employees, most shipboard and largely unionized.
Industry data in the report show global cruise guests increasing to 37 million in 2025 and North American penetration reaching 5.96%, supporting the company’s view of long-term growth potential.
Royal Caribbean Cruises Ltd. chief accounting officer Henry L. Pujol reported three small dispositions of common stock in early February. On February 7, 2026, he disposed of 156 shares at $338.6 per share, followed by 120 shares at $338.6 on February 8, 2026 and 196 shares at $345.405 on February 9, 2026, all coded "F" and held directly. After these transactions, he directly beneficially owned 7,354 shares of Royal Caribbean common stock.
Royal Caribbean Cruises Ltd. President & CEO Jason T. Liberty reported three transactions in company common stock. On February 7, 2026, he disposed of 3,081 shares at $338.60 per share, leaving 138,510 shares held directly.
On February 8, 2026, he disposed of 5,639 shares at $338.60, with direct holdings of 132,871 shares afterward. On February 9, 2026, he disposed of 8,091 shares at $345.405, resulting in 124,780 common shares directly owned following the reported transactions.
Royal Caribbean Cruises Ltd. senior executive Robert Alexander Lake reported three Form 4 transactions in company common stock. On February 7, 2026, a transaction coded “F” covered 320 shares at $338.60 per share. On February 8, 2026, another “F” transaction involved 388 shares at $338.60. On February 9, 2026, a further “F” transaction covered 844 shares at $345.405. After these dispositions, Lake directly beneficially owned 19,525 shares of Royal Caribbean common stock.
Royal Caribbean Cruises Ltd. Chief Financial Officer Naftali Holtz reported three insider share transactions in early February 2026. The Form 4 shows non-derivative Common Stock transactions coded "F" on February 7, 8, and 9, 2026, involving 438, 1,211, and 1,772 shares, respectively.
The reported transaction prices were $338.60 for the first two dates and $345.405 for the third. After these transactions, Holtz directly beneficially owned 41,475, then 40,264, and finally 38,492 Royal Caribbean shares. A footnote notes that his holdings include 87 shares acquired under the company’s Employee Stock Purchase Plan.
Royal Caribbean Cruises Ltd. executive Laura H. Bethge, President of Celebrity Cruises, reported several insider share dispositions in early February 2026. On February 7, 2026, she disposed of 317 shares of common stock at $338.6 per share, leaving 20,267 shares directly owned afterward.
On February 8, 2026, she disposed of 659 shares at $338.6 per share, with direct ownership then at 19,608 shares. On February 9, 2026, she disposed of 929 shares at $345.405 per share, resulting in 18,679 shares of common stock held directly. The filing also reports 87 shares held indirectly, listed as owned "by spouse."
Royal Caribbean Cruises Ltd. furnished an 8-K to share that it has released its financial results for the fourth quarter and full year ended December 31, 2025. The company communicated these results through a press release dated January 29, 2026, which is attached as Exhibit 99.1. The press release is furnished rather than filed, meaning it is not automatically incorporated into other SEC reports unless specifically referenced.
Royal Caribbean Cruises Ltd. director Richard D. Fain reported a gift of company shares and updated his holdings. On 12/23/2025, a Form 4 transaction coded "G" shows a gift of 17,552 shares of common stock at a stated price of $0 from the Richard Fain Family Trust, reducing that trust’s position.
After this transaction, Fain reports 52,695 shares held indirectly through the Richard Fain Family Trust, and 150,291 shares held directly in his own name. He also reports 210,706 shares held indirectly through Monument Capital Corporation as nominee for various Fain family trusts, and 5,500 shares held indirectly through The Montana Trust. Fain disclaims beneficial ownership of some or all of certain trust-held shares.