Norwegian Cruise Line Holdings NCLH
NYSE NCLH
$15.39 -0.18 (-1.17%)
As of: Sep 8, 2026 · 3:59 PM EDT

Norwegian Cruise Line Holdings (NCLH) Operating Expenses (2012 - 2026)

Norwegian Cruise Line Holdings' (NCLH) quarterly Operating Expenses came in at $690.4 million in Q2 2026, up 8.42% year-over-year from $636.8 million in Q2 2025, and down 4.16% quarter-over-quarter from $720.4 million in Q1 2026.

Analysis

Norwegian Cruise Line Holdings (NCLH) Operating Expenses (2012 - 2026) Analysis & Trends

Norwegian Cruise Line Holdings has disclosed Operating Expenses across 15 years of filings, most recently posting $690.4 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 8.42% year-over-year to $690.4 million; the TTM figure through Jun 2026 stood at $2.8 billion (up 14.69% YoY), while the FY2025 annual figure was $2.6 billion, up 13.01% from the prior year.
  • Operating Expenses came in at $690.4 million for Q2 2026 at Norwegian Cruise Line Holdings, down from $720.4 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $734.2 million in Q4 2025 to a low of $475.3 million in Q1 2022.
  • Average Operating Expenses over 5 years is $591.2 million, with a median of $578.5 million recorded in 2022.
  • Year-over-year, Operating Expenses soared 41.95% in 2022 and retreated 6.95% in 2023.
  • Over 5 years, Operating Expenses stood at $580.6 million in 2022, then declined by 6.95% to $540.3 million in 2023, then gained by 8.65% to $587.0 million in 2024, then grew by 25.07% to $734.2 million in 2025, then dropped by 5.97% to $690.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $690.4 million in Q2 2026, $720.4 million in Q1 2026, and $734.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Royal Caribbean Cruises 71.23 Bn 70.31 Bn 2.29 Bn 513.00 Mn
2 Viking Holdings 38.98 Bn 34.99 Bn 996.62 Mn -268.67 Mn
3 Carnival 32.12 Bn 29.88 Bn - 4.23 Bn
4 Norwegian Cruise Line Holdings 7.08 Bn 6.86 Bn 1.05 Bn 690.41 Mn
5 Lindblad Expeditions Holdings 1.73 Bn 1.37 Bn 96.64 Mn 187.29 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 690.41 Mn
Mar 31, 2026 720.40 Mn
Dec 31, 2025 734.24 Mn
Sep 30, 2025 633.83 Mn
Jun 30, 2025 636.81 Mn
Mar 31, 2025 622.67 Mn
Dec 31, 2024 587.05 Mn
Sep 30, 2024 576.43 Mn
Jun 30, 2024 576.18 Mn
Mar 31, 2024 585.40 Mn
Dec 31, 2023 540.31 Mn
Sep 30, 2023 529.97 Mn
Jun 30, 2023 549.34 Mn
Mar 31, 2023 530.80 Mn
Dec 31, 2022 580.64 Mn
Sep 30, 2022 561.84 Mn
Jun 30, 2022 510.67 Mn
Mar 31, 2022 475.28 Mn
Dec 31, 2021 456.61 Mn
Sep 30, 2021 402.43 Mn