Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Net Margin of 8.43% for Q2 2026, up 7.24 percentage points from 1.19% a year earlier and up 3.94 percentage points from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Norwegian Cruise Line Holdings was 7.39%, down 0.45 percentage points year-over-year; for FY2025, it came in at 4.45%, down 5.82 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +317.95 percentage points (FY2020 to FY2025).
- In prior years, Norwegian Cruise Line Holdings' Net Margin was 10.27% in FY2024 (+8.33 pp), 1.94% in FY2023 (+48.81 pp), -46.86% in FY2022 (+648.61 pp) and -695.48% in FY2021 (-381.98 pp).
- Quarterly Net Margin has run from a low of -552.57% in Q3 2021 to a high of 17.46% in Q3 2024 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +1.33 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q1 2022, with a gain of 44011.46 percentage points; the weakest was Q4 2025, with a drop of 12.95 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 4.49% (Q1 2026), -0.17% (Q4 2025) and 14.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 10.83% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 14.43% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 23.34% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 26.82% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 8.06% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -15.64% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 6.01% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 24.00% |
| 10 | Norwegian Cruise Line Holdings | 6.57 Bn | 5.79 Bn | 1.05 Bn | 8.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.43% |
| 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 | -5.36% |
| Sep 30, 2023 | 13.64% |
| Jun 30, 2023 | 3.90% |
| Mar 31, 2023 | -8.74% |
| Dec 31, 2022 | -31.76% |
| 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% |
API Access
Norwegian Cruise Line Holdings Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();