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

Norwegian Cruise Line Holdings (NCLH) has 15 years of Operating Expenses data on file, last reported at $720.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 15.69% year-over-year to $720.4 million; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (up 15.36% YoY), and the FY2025 full-year result was $2.6 billion, up 13.01% from the prior year.
• Operating Expenses fell to $720.4 million in Q1 2026, from $734.2 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.
• A 5-year average of $585.4 million and a median of $576.4 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses surged 41.95% in 2022 and fell 6.95% in 2023, its largest moves.
• Tracing NCLH's Operating Expenses over 5 years: stood at $580.6 million in 2022, then dropped by 6.95% to $540.3 million in 2023, then rose by 8.65% to $587.0 million in 2024, then climbed by 25.07% to $734.2 million in 2025, then slipped by 1.89% to $720.4 million in 2026.
• Business Quant data shows NCLH's Operating Expenses at $720.4 million in Q1 2026, $734.2 million in Q4 2025, and $633.8 million in Q3 2025.