Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Net Margin came in at 4.49% in Q1 2026, up 638.0% year-on-year from 0.61% in Q1 2025, and up 2697.78% quarter-over-quarter from 0.17% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed Net Margin across 15 years of filings, most recently posting 4.49% for Q1 2026.
- Net Margin for Q1 2026 came in at 4.49%, up 638.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.56% (down 399.0% YoY), and the FY2025 annual result was 4.45%, down 582.0% from the prior year.
- Net Margin came in at 4.49% for Q1 2026 at Norwegian Cruise Line Holdings, up from 0.17% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 17.46% in Q3 2024 to a low of 188.28% in Q1 2022.
- The 5-year median for Net Margin is 0.79% (2024), against an average of 13.01%.
- Across the five-year window, Net Margin surged 4401146 bps in 2022 and sank 1295 bps in 2025, its largest moves.
- Norwegian Cruise Line Holdings' Net Margin stood at 31.84% in 2022, then surged by 83 bps to 5.37% in 2023, then jumped by 338 bps to 12.78% in 2024, then plunged by 101 bps to 0.17% in 2025, then jumped by 2698 bps to 4.49% in 2026.
- The last three Net Margin figures came in at 4.49% (Q1 2026), 0.17% (Q4 2025), and 14.52% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | 9.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.49% |
| Dec 31, 2025 | -0.17% |
| Sep 30, 2025 | 14.52% |
| Jun 30, 2025 | 1.19% |
| Mar 31, 2025 | -1.89% |
| Dec 31, 2024 | 12.78% |
| Sep 30, 2024 | 17.46% |
| Jun 30, 2024 | 7.56% |
| Mar 31, 2024 | 0.79% |
| Dec 31, 2023 | -5.37% |
| Sep 30, 2023 | 13.64% |
| Jun 30, 2023 | 3.90% |
| Mar 31, 2023 | -8.74% |
| Dec 31, 2022 | -31.84% |
| Sep 30, 2022 | -18.28% |
| Jun 30, 2022 | -42.90% |
| Mar 31, 2022 | -188.28% |
| Dec 31, 2021 | -322.65% |
| Sep 30, 2021 | -552.57% |
| Jun 30, 2021 | -16,432.90% |