Norwegian Cruise Line Holdings (NCLH) EBITDA (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly EBITDA came in at $363.3 million in Q2 2026, down 14.28% year-over-year from $423.8 million in Q2 2025, and up 55.97% quarter-over-quarter from $232.9 million in Q1 2026.
Analysis
Norwegian Cruise Line Holdings (NCLH) EBITDA (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed EBITDA across 15 years of filings, most recently posting $363.3 million for Q2 2026.
- In Q2 2026, EBITDA fell 14.28% year-over-year to $363.3 million; the TTM figure through Jun 2026 stood at $1.5 billion (changed 0.11% YoY), while the FY2025 annual figure was $1.6 billion, up 6.48% from the prior year.
- EBITDA came in at $363.3 million for Q2 2026 at Norwegian Cruise Line Holdings, up from $232.9 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $749.4 million in Q3 2025 to a low of -$688.8 million in Q1 2022.
- Average EBITDA over 5 years is $166.8 million, with a median of $216.6 million recorded in 2024.
- Year-over-year, EBITDA decreased 20.57% in 2022 and surged 1937.64% in 2024.
- Over 5 years, EBITDA stood at -$281.0 million in 2022, then surged by 144.25% to $124.3 million in 2023, then jumped by 72.72% to $214.7 million in 2024, then decreased by 13.09% to $186.6 million in 2025, then surged by 94.67% to $363.3 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were $363.3 million in Q2 2026, $232.9 million in Q1 2026, and $186.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 1.31 Bn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 748.43 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 851.00 Mn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 363.33 Mn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 28.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 363.33 Mn |
| Mar 31, 2026 | 232.94 Mn |
| Dec 31, 2025 | 186.64 Mn |
| Sep 30, 2025 | 749.45 Mn |
| Jun 30, 2025 | 423.84 Mn |
| Mar 31, 2025 | 200.94 Mn |
| Dec 31, 2024 | 214.74 Mn |
| Sep 30, 2024 | 691.21 Mn |
| Jun 30, 2024 | 341.56 Mn |
| Mar 31, 2024 | 218.39 Mn |
| Dec 31, 2023 | 124.33 Mn |
| Sep 30, 2023 | 523.32 Mn |
| Jun 30, 2023 | 272.55 Mn |
| Mar 31, 2023 | 10.72 Mn |
| Dec 31, 2022 | -280.97 Mn |
| Sep 30, 2022 | -185.23 Mn |
| Jun 30, 2022 | -396.80 Mn |
| Mar 31, 2022 | -688.76 Mn |
| Dec 31, 2021 | -686.87 Mn |
| Sep 30, 2021 | -689.11 Mn |