Norwegian Cruise Line Holdings (NCLH) EBT Margin (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly EBT Margin came in at 4.62% in Q1 2026, up 657.0% year-on-year from 0.61% in Q1 2025, and up 126.18% quarter-over-quarter from 17.64% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) EBT Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed EBT Margin across 15 years of filings, most recently posting 4.62% for Q1 2026.
- EBT Margin for Q1 2026 came in at 4.62%, up 657.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.75% (down 582.0% YoY), and the FY2025 annual result was 0.27%, down 788.0% from the prior year.
- EBT Margin came in at 4.62% for Q1 2026 at Norwegian Cruise Line Holdings, up from 17.64% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 17.17% in Q3 2024 to a low of 187.44% in Q1 2022.
- The 5-year median for EBT Margin is 0.84% (2024), against an average of 14.52%.
- Across the five-year window, EBT Margin soared 4395656 bps in 2022 and sank 2275 bps in 2025, its largest moves.
- Norwegian Cruise Line Holdings' EBT Margin stood at 31.73% in 2022, then jumped by 83 bps to 5.45% in 2023, then surged by 194 bps to 5.11% in 2024, then tumbled by 445 bps to 17.64% in 2025, then jumped by 126 bps to 4.62% in 2026.
- The last three EBT Margin figures came in at 4.62% (Q1 2026), 17.64% (Q4 2025), and 14.76% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 25.29% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 10.49% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.92% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.54% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 0.73% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.62% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 1.31% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 11.24% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 17.22% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 12.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.62% |
| Dec 31, 2025 | -17.64% |
| Sep 30, 2025 | 14.76% |
| Jun 30, 2025 | 1.22% |
| Mar 31, 2025 | -1.95% |
| Dec 31, 2024 | 5.11% |
| Sep 30, 2024 | 17.17% |
| Jun 30, 2024 | 6.95% |
| Mar 31, 2024 | 0.84% |
| Dec 31, 2023 | -5.45% |
| Sep 30, 2023 | 13.97% |
| Jun 30, 2023 | 3.94% |
| Mar 31, 2023 | -9.30% |
| Dec 31, 2022 | -31.73% |
| Sep 30, 2022 | -18.95% |
| Jun 30, 2022 | -42.97% |
| Mar 31, 2022 | -187.44% |
| Dec 31, 2021 | -322.18% |
| Sep 30, 2021 | -552.38% |
| Jun 30, 2021 | -16,411.68% |