Norwegian Cruise Line Holdings NCLH
NYSE NCLH
$15.39 -0.18 (-1.17%)
As of: Sep 8, 2026 · 3:59 PM EDT

Norwegian Cruise Line Holdings (NCLH) Gross Margin (2012 - 2026)

Norwegian Cruise Line Holdings' (NCLH) quarterly Gross Margin came in at 39.91% in Q2 2026, down 223.0% year-over-year from 32.44% in Q2 2025, and down 2.42% quarter-over-quarter from 40.89% in Q1 2026.

Analysis

Norwegian Cruise Line Holdings (NCLH) Gross Margin (2012 - 2026) Analysis & Trends

Norwegian Cruise Line Holdings has disclosed Gross Margin across 15 years of filings, most recently posting 39.91% for Q2 2026.

  • In Q2 2026, Gross Margin fell 223.0% year-over-year to 39.91%; the TTM figure through Jun 2026 stood at 42.46% (up 110.0% YoY), while the FY2025 annual figure was 42.62%, up 263.0% from the prior year.
  • Gross Margin came in at 39.91% for Q2 2026 at Norwegian Cruise Line Holdings, down from 40.89% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 47.08% in Q3 2025 to a low of 40.9% in Q1 2022.
  • Average Gross Margin over 5 years is 31.22%, with a median of 38.35% recorded in 2024.
  • Year-over-year, Gross Margin jumped 633829 bps in 2022 and sank 223 bps in 2026.
  • Over 5 years, Gross Margin stood at 19.73% in 2022, then surged by 70 bps to 33.46% in 2023, then advanced by 14 bps to 38.01% in 2024, then rose by 8 bps to 41.03% in 2025, then retreated by 3 bps to 39.91% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 39.91% in Q2 2026, 40.89% in Q1 2026, and 41.03% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 47.29%
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn 45.50%
3 Carnival 32.12 Bn 29.88 Bn - -
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 39.91%
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn 48.50%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 39.91%
Mar 31, 2026 40.89%
Dec 31, 2025 41.03%
Sep 30, 2025 47.08%
Jun 30, 2025 42.13%
Mar 31, 2025 38.71%
Dec 31, 2024 38.01%
Sep 30, 2024 45.17%
Jun 30, 2024 38.68%
Mar 31, 2024 36.68%
Dec 31, 2023 33.46%
Sep 30, 2023 41.53%
Jun 30, 2023 37.27%
Mar 31, 2023 29.72%
Dec 31, 2022 19.73%
Sep 30, 2022 23.31%
Jun 30, 2022 9.59%
Mar 31, 2022 -40.90%
Dec 31, 2021 -47.24%
Sep 30, 2021 -187.27%