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

Norwegian Cruise Line Holdings' (NCLH) quarterly Operating Income came in at $232.9 million in Q1 2026, up 15.93% year-on-year from $200.9 million in Q1 2025, and up 117.78% quarter-over-quarter from -$1.3 billion in Q4 2025.

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

Norwegian Cruise Line Holdings has disclosed Operating Income across 15 years of filings, most recently posting $232.9 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $232.9 million, up 15.93% year-over-year; the trailing twelve-month figure through Mar 2026 was $96.3 million (down 93.35% YoY), and the FY2025 annual result was $64.3 million, down 95.61% from the prior year.
  • Operating Income came in at $232.9 million for Q1 2026 at Norwegian Cruise Line Holdings, up from -$1.3 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $749.4 million in Q3 2025 to a low of -$1.3 billion in Q4 2025.
  • The 5-year median for Operating Income is $214.7 million (2024), against an average of $67.2 million.
  • Across the five-year window, Operating Income jumped 1937.64% in 2024 and slumped 710.0% in 2025, its largest moves.
  • Norwegian Cruise Line Holdings' Operating Income stood at -$281.0 million in 2022, then surged by 144.25% to $124.3 million in 2023, then jumped by 72.72% to $214.7 million in 2024, then plunged by 710.0% to -$1.3 billion in 2025, then surged by 117.78% to $232.9 million in 2026.
  • The last three Operating Income figures came in at $232.9 million (Q1 2026), -$1.3 billion (Q4 2025), and $749.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 1.27 Bn
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 86.00 Mn
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 1.16 Bn
4 Carnival 37.80 Bn 36.39 Bn - 607.00 Mn
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 251.00 Mn
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 232.94 Mn
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 3.00 Mn
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 159.00 Mn
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 364.00 Mn
10 MakeMyTrip 2.12 Bn 1.35 Bn - 40.29 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 232.94 Mn
Dec 31, 2025 -1.31 Bn
Sep 30, 2025 749.45 Mn
Jun 30, 2025 423.84 Mn
Mar 31, 2025 200.94 Mn
Dec 31, 2024 214.74 Mn
Sep 30, 2024 691.21 Mn
Jun 30, 2024 341.56 Mn
Mar 31, 2024 218.39 Mn
Dec 31, 2023 124.33 Mn
Sep 30, 2023 523.32 Mn
Jun 30, 2023 272.55 Mn
Mar 31, 2023 10.72 Mn
Dec 31, 2022 -280.97 Mn
Sep 30, 2022 -185.23 Mn
Jun 30, 2022 -396.80 Mn
Mar 31, 2022 -688.76 Mn
Dec 31, 2021 -686.87 Mn
Sep 30, 2021 -689.11 Mn
Jun 30, 2021 -605.10 Mn