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

Norwegian Cruise Line Holdings has disclosed Operating Expenses across 15 years of filings, most recently posting $720.4 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $720.4 million, up 15.69% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (up 15.36% YoY), and the FY2025 annual result was $2.6 billion, up 13.01% from the prior year.
• Operating Expenses came in at $720.4 million for Q1 2026 at Norwegian Cruise Line Holdings, down 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.
• The 5-year median for Operating Expenses is $576.4 million (2024), against an average of $585.4 million.
• Across the five-year window, Operating Expenses surged 41.95% in 2022 and fell 6.95% in 2023, its largest moves.
• Norwegian Cruise Line Holdings' 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 1.89% to $720.4 million in 2026.
• The last three Operating Expenses figures came in at $720.4 million (Q1 2026), $734.2 million (Q4 2025), and $633.8 million (Q3 2025), per Business Quant data.