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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |