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| 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 | -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% |