• Royal Caribbean Cruises average operating margin for 2023 was 13.26%, a 120.88% increase from 2022.
• Royal Caribbean Cruises average operating margin for 2022 was -63.52%, a 96.33% decline from 2021.
• Royal Caribbean Cruises average operating margin for 2021 was -1732.73%, a 2276.53% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.