Growth Metrics

Norwegian Cruise Line Holdings (NCLH) Cost of Revenue (2016 - 2025)

Norwegian Cruise Line Holdings (NCLH) has disclosed Cost of Revenue for 14 consecutive years, with $1.3 billion as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 1.22% to $1.3 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $5.6 billion through Dec 2025, down 0.87% year-over-year, with the annual reading at $5.6 billion for FY2025, 0.87% down from the prior year.
  • Cost of Revenue hit $1.3 billion in Q4 2025 for Norwegian Cruise Line Holdings, down from $1.6 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.6 billion in Q3 2025 to a low of $200.9 million in Q1 2021.
  • Historically, Cost of Revenue has averaged $1.1 billion across 5 years, with a median of $1.3 billion in 2024.
  • Biggest five-year swings in Cost of Revenue: dropped 17.21% in 2021 and later surged 329.8% in 2022.
  • Year by year, Cost of Revenue stood at $717.7 million in 2021, then skyrocketed by 69.91% to $1.2 billion in 2022, then grew by 8.39% to $1.3 billion in 2023, then dropped by 1.08% to $1.3 billion in 2024, then grew by 1.22% to $1.3 billion in 2025.
  • Business Quant data shows Cost of Revenue for NCLH at $1.3 billion in Q4 2025, $1.6 billion in Q3 2025, and $1.5 billion in Q2 2025.