Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Net Margin of 4.49% for Q1 2026, up 2697.78% sequentially from 0.17% in Q4 2025, and up 638.0% YoY from 0.61% in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Net Margin (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Net Margin for 15 years, with the latest figure at 4.49% in Q1 2026.
- Quarterly Net Margin rose 638.0% year-over-year to 4.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.56% (down 399.0% YoY) and the FY2025 annual result came in at 3.01%, down 726.0% from the prior year.
- Net Margin improved to 4.49% in Q1 2026 per NCLH's latest filing, from 0.17% in the prior quarter.
- Over five years, Net Margin peaked at 17.46% in Q3 2024 and troughed at 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.
- The sharpest annual moves came in 2022 and 2025: Net Margin jumped 4401146 bps in 2022, then sank 1295 bps in 2025.
- Over 5 years, Net Margin 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 plunged by 101 bps to 0.17% in 2025, then soared by 2698 bps to 4.49% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 4.49%, 0.17%, and 14.52% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 26.52% |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 22.62% |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 23.51% |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 17.99% |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 8.07% |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 20.28% |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 33.60% |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 8.43% |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 3.19% |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 1.72% |
Historic Data
Download 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 | -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% |