CEO Total Pay
$17.2M
FY2023 Summary Compensation
RCL
FY2023 data Public-data reference. official source
Royal Caribbean Cruises Ltd
Data updated July 2026
Open-data reference.
Water Transportation · FL · FY2023
CEO-to-Worker Pay Ratio
953:1
Extreme (Scale: 0–1000:1)
CEO Pay
$17.2M
Median Worker
$18,073
A component-level pay breakdown (salary, bonus, equity, perks, pension) is not reported in Royal Caribbean Cruises Ltd's structured SEC pay-ratio disclosure. Only the CEO-to-median-worker ratio is required under Dodd-Frank §953(b); see our methodology for what each filing does and doesn't disclose.
Royal Caribbean Cruises Ltd, a water transportation company, reported a CEO-to-worker pay ratio of 953:1 in FY2023. The CEO received total compensation of $17.2M, while the median employee earned $18,073 annually. This is above the Water Transportation industry median of 530:1 across 3 companies. Data sourced from SEC EDGAR proxy (DEF 14A) filings.
CEO Compensation Breakdown, FY2023
A component-level pay breakdown is not reported in Royal Caribbean Cruises Ltd's structured SEC pay-ratio disclosure. See our methodology →
Industry Comparison - Water Transportation
This Company's Ratio
953:1
Industry Median Ratio
530:1
Industry Median CEO Pay
$13.8M
This CEO's Pay
$17.2M
Companies in Industry
3
vs. Industry Median
Above
Understanding This Pay Ratio
Royal Caribbean Cruises Ltd's CEO-to-worker pay ratio of 953:1 means that the CEO earned 953 times more than the company's median employee in FY2023.
The median employee at Royal Caribbean Cruises Ltd earned $18,073 annually. At that wage, it would take a median employee approximately 953 years to earn what the CEO earned in a single year.
Why cross-company pay-ratio comparisons need caution
SEC rules let each company choose its own methodology for identifying the "median employee" (measurement date, statistical sampling, whether part-time pay is annualized, and a de minimis exemption for up to 5% of non-U.S. employees), so a higher ratio doesn't automatically mean less-fair pay practices, it can also reflect workforce mix (a large offshore, outsourced, or part-time-heavy workforce lowers the reported median and raises the ratio for reasons unrelated to CEO compensation itself).
Pay Ratio
953:1
Outlier, top decile
What This 2023 Filing Tells Us About Royal Caribbean Cruises Ltd
According to the 2023 DEF 14A proxy statement filed with the SEC, Royal Caribbean Cruises Ltd (RCL, CIK 884887) reported the CEO's total compensation at $17.2M. The proxy statement's structured pay-ratio disclosure reports this total but does not break it down by salary, bonus, equity, or other components. The median employee at the firm, the reference point mandated by Section 953(b) of the Dodd-Frank Act, earned $18,073 over the same fiscal year, producing the headline CEO-to-worker pay ratio of 953:1 that this page tracks.
Royal Caribbean Cruises Ltd operates in the Water Transportation sector and is headquartered in FL. Across the Water Transportation industry (SIC 44), 3 SEC-reporting companies disclosed pay ratios in FY2025, with a median of 530:1 and an average of 566:1. Median industry CEO pay was $13.8M, so Royal Caribbean Cruises Ltd's $17.2M sits above that typical figure.
This proxy was filed on 2024-04-17; all figures on this page come directly from that public filing and can be verified against the DEF 14A on the SEC EDGAR system.
What these SEC numbers do and do not include
Total compensation reported under Item 402 of Regulation S-K reflects grant-date fair value for equity awards, not realized pay, so a CEO may eventually cash in more, or less, depending on stock performance and vesting. The pay ratio itself is calculated against a single median employee chosen under rules that allow statistical sampling, and companies may update methodology year to year.
Key Data, FY2023
- CEO
- Not disclosed
- Total Compensation
- $17.2M
- Median Employee Pay
- $18,073
- Pay Ratio
- 953:1
- Filing Date
- 2024-04-17
Company Info
- Ticker
- RCL
- CIK
- 884887
- Industry
- Water Transportation
- SIC Code
- 4400
- State
- FL
Data Source: This data is sourced from SEC EDGAR proxy statement (DEF 14A) filings. PlainCEOPay provides this publicly available information for informational purposes only. Not investment or financial advice. Verify with official SEC filings at sec.gov.
Frequently Asked Questions
What is the CEO pay ratio at Royal Caribbean Cruises Ltd? ▼
Royal Caribbean Cruises Ltd's CEO-to-worker pay ratio is 953:1. The CEO earned $17.2M in FY2023, while the median employee earned $18,073.
How much does Royal Caribbean Cruises Ltd's CEO earn? ▼
The CEO of Royal Caribbean Cruises Ltd (RCL) earned total compensation of $17.2M in fiscal year 2023, according to SEC proxy filings.
How does Royal Caribbean Cruises Ltd's pay ratio compare to its industry? ▼
Royal Caribbean Cruises Ltd's pay ratio of 953:1 is above the Water Transportation industry median of 530:1. The industry has 3 companies reporting pay ratios.
Where does Royal Caribbean Cruises Ltd's CEO pay data come from? ▼
All executive compensation data is sourced from SEC EDGAR DEF 14A proxy statement filings. Companies are required by the Dodd-Frank Act to disclose CEO-to-median-worker pay ratios annually. PlainCEOPay aggregates this publicly available data for easy comparison.
What is included in the CEO's total compensation? ▼
PlainCEOPay reports the CEO total-compensation figure disclosed with the company's pay-ratio filing. The current dataset does not extract its underlying Summary Compensation Table line items, so this page does not provide a salary, bonus, equity, or other-component breakdown.
How long would it take a median Royal Caribbean Cruises Ltd employee to earn the CEO's pay? ▼
At a median salary of $18,073, it would take the typical Royal Caribbean Cruises Ltd employee approximately 953 years to earn what the CEO earned in a single year ($17.2M in FY2023).
Read our methodology - how this data is sourced, computed, and verified.
Related
Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCEOPay
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed July 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.
Every figure on PlainCEOPay is rendered directly from SEC EDGAR executive compensation filings, no number is typed in by an editor. Executive pay figures are computed directly from SEC EDGAR filings, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.