Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Net Margin came in at 8.43% in Q2 2026, up 724.0% year-over-year from 1.02% in Q2 2025, and up 87.72% quarter-over-quarter from 4.49% in Q1 2026.
Analysis
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 8.43% for Q2 2026.
- In Q2 2026, Net Margin rose 724.0% year-over-year to 8.43%; the TTM figure through Jun 2026 stood at 7.39% (down 45.0% YoY), while the FY2025 annual figure was 3.01%, down 726.0% from the prior year.
- Net Margin came in at 8.43% for Q2 2026 at Norwegian Cruise Line Holdings, up from 4.49% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 21.29% in Q4 2023 to a low of 188.28% in Q1 2022.
- Average Net Margin over 5 years is 10.33%, with a median of 2.55% recorded in 2025.
- Year-over-year, Net Margin soared 4401146 bps in 2022 and plunged 1295 bps in 2025.
- Over 5 years, Net Margin stood at 31.76% in 2022, then surged by 167 bps to 21.29% in 2023, then sank by 40 bps to 12.78% in 2024, then slumped by 101 bps to 0.17% in 2025, then soared by 4977 bps to 8.43% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 8.43% in Q2 2026, 4.49% in Q1 2026, and 0.17% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 23.51% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 26.82% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 8.07% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 8.43% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | -0.71% |
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 | 21.29% |
| 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% |