Norwegian Cruise Line Holdings (NCLH) Retained Earnings (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Retained Earnings of -$5.5 billion for Q1 2026, up 9.42% on a YoY basis from -$5.0 billion in Q1 2025, and up 1.88% sequentially from -$5.6 billion in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Retained Earnings (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings (NCLH) has 15 years of Retained Earnings data on file, last reported at -$5.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings rose 9.42% year-over-year to -$5.5 billion; the trailing twelve-month figure through Mar 2026 stood at -$5.5 billion (up 9.42% YoY), and the FY2025 full-year result was -$5.6 billion, up 7.07% from the prior year.
- Retained Earnings advanced to -$5.5 billion in Q1 2026, from -$5.6 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$250.8 million in Q1 2022 to a low of -$6.7 billion in Q2 2024.
- A 5-year average of -$2.1 billion and a median of -$508.9 million in 2023 frame the typical range for Retained Earnings.
- Across the five-year window, Retained Earnings sank 1215.05% in 2024 and surged 93.47% in 2025, its largest moves.
- Tracing NCLH's Retained Earnings over 5 years: stood at -$477.1 million in 2022, then dropped by 6.57% to -$508.4 million in 2023, then sank by 1078.09% to -$6.0 billion in 2024, then climbed by 7.07% to -$5.6 billion in 2025, then climbed by 1.88% to -$5.5 billion in 2026.
- Business Quant data shows NCLH's Retained Earnings at -$5.5 billion in Q1 2026, -$5.6 billion in Q4 2025, and -$430.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 41.42 Bn |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 6.46 Bn |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | -2.00 Mn |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -225.33 Mn |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -4.16 Bn |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 15.64 Bn |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 1.63 Bn |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | -5.46 Bn |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -2.79 Bn |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 3.27 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.46 Bn |
| Dec 31, 2025 | -5.57 Bn |
| Sep 30, 2025 | -430.12 Mn |
| Jun 30, 2025 | -438.99 Mn |
| Mar 31, 2025 | -6.03 Bn |
| Dec 31, 2024 | -5.99 Bn |
| Sep 30, 2024 | -519.68 Mn |
| Jun 30, 2024 | -6.72 Bn |
| Mar 31, 2024 | -464.42 Mn |
| Dec 31, 2023 | -508.44 Mn |
| Sep 30, 2023 | -455.95 Mn |
| Jun 30, 2023 | -510.96 Mn |
| Mar 31, 2023 | -508.93 Mn |
| Dec 31, 2022 | -477.08 Mn |
| Sep 30, 2022 | -601.78 Mn |
| Jun 30, 2022 | -377.29 Mn |
| Mar 31, 2022 | -250.81 Mn |
| Dec 31, 2021 | -285.09 Mn |
| Sep 30, 2021 | -264.99 Mn |
| Jun 30, 2021 | -232.90 Mn |