Growth Metrics

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

Norwegian Cruise Line Holdings (NCLH) has disclosed Operating Margin for 14 consecutive years, with 58.36% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 95.0% to 58.36% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.65% through Dec 2025, changed N/A year-over-year, with the annual reading at 0.65% for FY2025, N/A changed from the prior year.
  • Operating Margin hit 58.36% in Q4 2025 for Norwegian Cruise Line Holdings, down from 25.51% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 25.51% in Q3 2025 to a low of 18427.94% in Q1 2021.
  • Historically, Operating Margin has averaged 1652.23% across 5 years, with a median of 5.44% in 2023.
  • Biggest five-year swings in Operating Margin: crashed -1828165bps in 2021 and later skyrocketed 1829597bps in 2022.
  • Year by year, Operating Margin stood at 140.92% in 2021, then soared by 87bps to 18.5% in 2022, then surged by 134bps to 6.26% in 2023, then plummeted by -1048bps to 59.31% in 2024, then increased by 2bps to 58.36% in 2025.
  • Business Quant data shows Operating Margin for NCLH at 58.36% in Q4 2025, 25.51% in Q3 2025, and 16.84% in Q2 2025.