Norwegian Cruise Line Holdings (NCLH) Cost of Revenue (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Cost of Revenue came in at $1.6 billion in Q2 2026, up 8.92% year-over-year from $1.5 billion in Q2 2025, and up 15.16% quarter-over-quarter from $1.4 billion in Q1 2026.
Analysis
Norwegian Cruise Line Holdings (NCLH) Cost of Revenue (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed Cost of Revenue across 15 years of filings, most recently posting $1.6 billion for Q2 2026.
- In Q2 2026, Cost of Revenue rose 8.92% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $5.8 billion (up 4.2% YoY), while the FY2025 annual figure was $5.6 billion, down 0.87% from the prior year.
- Cost of Revenue came in at $1.6 billion for Q2 2026 at Norwegian Cruise Line Holdings, up from $1.4 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.6 billion in Q2 2026 to a low of $735.4 million in Q1 2022.
- Average Cost of Revenue over 5 years is $1.3 billion, with a median of $1.4 billion recorded in 2025.
- Year-over-year, Cost of Revenue jumped 329.8% in 2022 and retreated 6.02% in 2025.
- Over 5 years, Cost of Revenue stood at $1.2 billion in 2022, then increased by 8.39% to $1.3 billion in 2023, then decreased by 1.08% to $1.3 billion in 2024, then increased by 1.22% to $1.3 billion in 2025, then advanced by 19.89% to $1.6 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.6 billion in Q2 2026, $1.4 billion in Q1 2026, and $1.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 2.55 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 1.19 Bn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 1.59 Bn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 102.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.59 Bn |
| Mar 31, 2026 | 1.38 Bn |
| Dec 31, 2025 | 1.32 Bn |
| Sep 30, 2025 | 1.55 Bn |
| Jun 30, 2025 | 1.46 Bn |
| Mar 31, 2025 | 1.30 Bn |
| Dec 31, 2024 | 1.31 Bn |
| Sep 30, 2024 | 1.54 Bn |
| Jun 30, 2024 | 1.45 Bn |
| Mar 31, 2024 | 1.39 Bn |
| Dec 31, 2023 | 1.32 Bn |
| Sep 30, 2023 | 1.48 Bn |
| Jun 30, 2023 | 1.38 Bn |
| Mar 31, 2023 | 1.28 Bn |
| Dec 31, 2022 | 1.22 Bn |
| Sep 30, 2022 | 1.24 Bn |
| Jun 30, 2022 | 1.07 Bn |
| Mar 31, 2022 | 735.41 Mn |
| Dec 31, 2021 | 717.70 Mn |
| Sep 30, 2021 | 439.76 Mn |