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
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 -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%