Norwegian Cruise Line Holdings (NCLH) EBITDA (2012 - 2026)
Norwegian Cruise Line Holdings' EBITDA came in at $934.63 million for Q3 2026, down 8.6% from $1.02 billion a year earlier but up 42.2% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) EBITDA (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Norwegian Cruise Line Holdings reported EBITDA of $2.67 billion, up 1.7% year-over-year; for FY2025, it was $2.72 billion, up 11.6% from FY2024.
- Going back by year, EBITDA was $2.44 billion in FY2024 (+34.5%), $1.81 billion in FY2023, -$741.7 million in FY2022 and -$1.79 billion in FY2021.
- The five-year range for quarterly EBITDA is -$493.29 million (Q1 2022) to $1.02 billion (Q3 2025).
- Year-over-year, EBITDA increased in five of the last eight quarters, with growth averaging 9.6%.
- The fastest year-over-year change in EBITDA over five years came in Q1 2024 (growth of 109.3%), and the weakest in Q3 2026 (a decline of 8.6%).
- Business Quant data shows NCLH's EBITDA at $657.37 million (Q2 2026), $514.33 million (Q1 2026) and $560.99 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 1.44 Bn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 2.36 Bn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 977.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 3.00 Bn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 736.20 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | - |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | - |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | -1.09 Bn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 373.00 Mn |
| 10 | Norwegian Cruise Line Holdings | 8.24 Bn | 7.37 Bn | 1.28 Bn | 934.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 934.63 Mn |
| Jun 30, 2026 | 657.37 Mn |
| Mar 31, 2026 | 514.33 Mn |
| Dec 31, 2025 | 560.99 Mn |
| Sep 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 688.27 Mn |
| Mar 31, 2025 | 451.48 Mn |
| Dec 31, 2024 | 461.38 Mn |
| Sep 30, 2024 | 930.06 Mn |
| Jun 30, 2024 | 584.50 Mn |
| Mar 31, 2024 | 463.49 Mn |
| Dec 31, 2023 | 357.61 Mn |
| Sep 30, 2023 | 747.99 Mn |
| Jun 30, 2023 | 487.16 Mn |
| Mar 31, 2023 | 221.39 Mn |
| Dec 31, 2022 | -64.34 Mn |
| Sep 30, 2022 | 16.87 Mn |
| Jun 30, 2022 | -200.95 Mn |
| Mar 31, 2022 | -493.29 Mn |
| Dec 31, 2021 | -489.24 Mn |
API Access
Norwegian Cruise Line Holdings EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();