Norwegian Cruise Line Holdings (NCLH) Retained Earnings (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Retained Earnings of -$5.5 billion for Q1 2026, up 1.88% sequentially from -$5.6 billion in Q4 2025, and up 9.42% YoY from -$5.0 billion in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Retained Earnings (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Retained Earnings for 15 years, with the latest figure at -$5.5 billion in Q1 2026.
- Quarterly Retained Earnings rose 9.42% year-over-year to -$5.5 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$5.5 billion (up 9.42% YoY) and the FY2025 annual result came in at -$5.6 billion, up 7.07% from the prior year.
- Retained Earnings advanced to -$5.5 billion in Q1 2026 per NCLH's latest filing, from -$5.6 billion in the prior quarter.
- Over five years, Retained Earnings peaked at -$250.8 million in Q1 2022 and troughed at -$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.
- The sharpest annual moves came in 2024 and 2025: Retained Earnings tumbled 1215.05% in 2024, then jumped 93.47% in 2025.
- Over 5 years, Retained Earnings stood at -$477.1 million in 2022, then retreated by 6.57% to -$508.4 million in 2023, then plunged by 1078.09% to -$6.0 billion in 2024, then rose by 7.07% to -$5.6 billion in 2025, then rose by 1.88% to -$5.5 billion in 2026.
- According to Business Quant data, Retained Earnings over the past three periods registered -$5.5 billion, -$5.6 billion, and -$430.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 157.69 Bn | 140.47 Bn | 4.98 Bn | 43.05 Bn |
| 2 | Airbnb | 106.27 Bn | 94.20 Bn | 2.98 Bn | 14.43 Bn |
| 3 | Royal Caribbean Cruises | 80.62 Bn | 79.70 Bn | 2.29 Bn | 7.19 Bn |
| 4 | Viking Holdings | 44.61 Bn | 40.81 Bn | 713.43 Mn | -4.16 Bn |
| 5 | Expedia | 38.52 Bn | 31.39 Bn | 3.91 Bn | 2.45 Bn |
| 6 | Carnival | 38.14 Bn | 35.89 Bn | - | 15.64 Bn |
| 7 | Trip.com | 29.07 Bn | 17.37 Bn | 1.86 Bn | - |
| 8 | Norwegian Cruise Line Holdings | 8.38 Bn | 8.16 Bn | 1.05 Bn | -5.24 Bn |
| 9 | MakeMyTrip | 5.80 Bn | 5.03 Bn | 212.91 Mn | -2.79 Bn |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 3.29 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -5.24 Bn |
| 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 |