Norwegian Cruise Line Holdings Ltd. (NCLH) Operating Margin (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Operating Margin of 13.76% for Q2 2026, down 3.08 percentage points from 16.84% a year earlier but up 3.77 percentage points from the prior quarter.
Norwegian Cruise Line Holdings Ltd. (NCLH) Operating Margin (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Norwegian Cruise Line Holdings was 15.09%, down 0.92 percentage points year-over-year; for FY2025, it was 15.88%, up 0.42 percentage points from FY2024.
- Annual Operating Margin has increased for four consecutive years, with a five-year change of +288.10 percentage points (FY2020 to FY2025).
- In prior years, Norwegian Cruise Line Holdings' Operating Margin was 15.46% in FY2024 (+4.58 pp), 10.89% in FY2023 (+42.92 pp), -32.04% in FY2022 (+361.85 pp) and -393.89% in FY2021 (-121.67 pp).
- Quarterly Operating Margin has run from a low of -450.16% in Q3 2021 to a high of 25.51% in Q3 2025 over five years.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of +0.79 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2022, with a gain of 18295.97 percentage points; the weakest was Q2 2026, with a drop of 3.08 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 9.99% (Q1 2026), 8.32% (Q4 2025) and 25.51% (Q3 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.76% |
| Mar 31, 2026 | 9.99% |
| Dec 31, 2025 | 8.32% |
| Sep 30, 2025 | 25.51% |
| Jun 30, 2025 | 16.84% |
| Mar 31, 2025 | 9.44% |
| Dec 31, 2024 | 10.18% |
| Sep 30, 2024 | 24.63% |
| Jun 30, 2024 | 14.40% |
| Mar 31, 2024 | 9.97% |
| Dec 31, 2023 | 6.26% |
| Sep 30, 2023 | 20.64% |
| Jun 30, 2023 | 12.36% |
| Mar 31, 2023 | 0.59% |
| Dec 31, 2022 | -18.50% |
| Sep 30, 2022 | -11.47% |
| Jun 30, 2022 | -33.42% |
| Mar 31, 2022 | -131.96% |
| Dec 31, 2021 | -140.92% |
| Sep 30, 2021 | -450.16% |
Norwegian Cruise Line Holdings Ltd. Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "NCLH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();