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

Norwegian Cruise Line Holdings (NCLH) reported Net Margin of 4.49% for Q1 2026, up 638.0% on a YoY basis from 0.61% in Q1 2025, and up 2697.78% sequentially from 0.17% in Q4 2025.

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

Norwegian Cruise Line Holdings (NCLH) has 15 years of Net Margin data on file, last reported at 4.49% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 638.0% year-over-year to 4.49%; the trailing twelve-month figure through Mar 2026 stood at 5.56% (down 399.0% YoY), and the FY2025 full-year result was 3.01%, down 726.0% from the prior year.
  • Net Margin improved to 4.49% in Q1 2026, 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.
  • A 5-year average of 13.52% and a median of 0.79% in 2024 frame the typical range for Net Margin.
  • Across the five-year window, Net Margin surged 4401146 bps in 2022 and tumbled 1295 bps in 2025, its largest moves.
  • Tracing NCLH's Net Margin over 5 years: stood at 32.23% in 2022, then jumped by 57 bps to 13.73% in 2023, then surged by 193 bps to 12.78% in 2024, then sank by 101 bps to 0.17% in 2025, then soared by 2698 bps to 4.49% in 2026.
  • Business Quant data shows NCLH's Net Margin at 4.49% in Q1 2026, 0.17% in Q4 2025, and 14.52% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Booking Holdings 136.54 Bn 120.51 Bn 3.46 Bn 19.58%
2 Royal Caribbean Cruises 86.11 Bn 85.59 Bn 2.21 Bn 21.34%
3 Airbnb 82.27 Bn 70.26 Bn 2.10 Bn 5.97%
4 Yatra Online 55.46 Bn 55.47 Bn 10.44 Mn -9.25%
5 Viking Holdings 44.18 Bn 40.37 Bn 713.43 Mn 17.99%
6 Carnival 34.61 Bn 32.38 Bn - 8.07%
7 Expedia 31.38 Bn 28.88 Bn 3.05 Bn -0.35%
8 Norwegian Cruise Line Holdings 8.54 Bn 8.35 Bn 953.34 Mn 4.49%
9 MakeMyTrip 5.02 Bn 4.60 Bn 199.14 Mn 9.69%
10 Global Business Travel 4.83 Bn 4.43 Bn 490.00 Mn 6.19%

Historic Data

Download Data
DateValue
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 -13.73%
Sep 30, 2023 13.64%
Jun 30, 2023 3.90%
Mar 31, 2023 -8.74%
Dec 31, 2022 -32.23%
Sep 30, 2022 -18.28%
Jun 30, 2022 -42.90%
Mar 31, 2022 -188.28%
Dec 31, 2021 -322.26%
Sep 30, 2021 -552.57%
Jun 30, 2021 -16,432.90%