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Norwegian Cruise Line Holdings (NCLH) Operating Expenses (2016 - 2025)

Norwegian Cruise Line Holdings' Operating Expenses history spans 14 years, with the latest figure at $734.2 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 25.07% year-over-year to $734.2 million; the TTM value through Dec 2025 reached $2.6 billion, up 13.01%, while the annual FY2025 figure was $2.6 billion, 13.01% up from the prior year.
  • Operating Expenses for Q4 2025 was $734.2 million at Norwegian Cruise Line Holdings, up from $633.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $734.2 million in Q4 2025 and bottomed at $359.7 million in Q2 2021.
  • The 5-year median for Operating Expenses is $555.6 million (2022), against an average of $541.2 million.
  • The largest annual shift saw Operating Expenses tumbled 82.01% in 2021 before it soared 41.95% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $456.6 million in 2021, then rose by 27.16% to $580.6 million in 2022, then fell by 6.95% to $540.3 million in 2023, then increased by 8.65% to $587.0 million in 2024, then increased by 25.07% to $734.2 million in 2025.
  • Per Business Quant, the three most recent readings for NCLH's Operating Expenses are $734.2 million (Q4 2025), $633.8 million (Q3 2025), and $636.8 million (Q2 2025).