Norwegian Cruise Line Holdings (NCLH) Shares Outstanding (Diluted) (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) recorded Weighted Average Shares Outstanding (Diluted) of 460.42 million in Q3 2026, down 7.1% from 495.73 million a year earlier and down 0.8% from the prior quarter.
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Analysis
Norwegian Cruise Line Holdings (NCLH) Shares Outstanding (Diluted) (2012 - 2026) Analysis & Trends
For FY2025, Norwegian Cruise Line Holdings reported Weighted Average Shares Outstanding (Diluted) of 477.74 million, down 7.2% from FY2024.
- Annual Weighted Average Shares Outstanding (Diluted) has a five-year compound annual growth rate of 13.4% (FY2020 to FY2025).
- Across earlier years, Weighted Average Shares Outstanding (Diluted) came in at 515.03 million in FY2024 (+20.5%), 427.4 million in FY2023 (+1.8%), 419.77 million in FY2022 (+14.9%) and 365.45 million in FY2021 (+43.5%).
- The Q3 2026 figure is the lowest quarterly Weighted Average Shares Outstanding (Diluted) since Q2 2025.
- On a year-over-year basis, Weighted Average Shares Outstanding (Diluted) rose in four of the last eight quarters, with growth averaging 0.2%.
- Peak year-over-year performance for Weighted Average Shares Outstanding (Diluted) in the last five years was growth of 43.5% in Q4 2021, against a decline of 12.8% in Q2 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 463.93 million (Q2 2026), 466.15 million (Q1 2026) and 477.74 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 108.57 Bn | 106.84 Bn | 1.54 Bn | 261.20 Mn |
| 2 | Royal Caribbean Cruises | 87.25 Bn | 84.19 Bn | 2.88 Bn | 268.00 Mn |
| 3 | Hilton Worldwide Holdings | 83.02 Bn | 79.75 Bn | 3.05 Bn | 226.00 Mn |
| 4 | Carnival | 40.37 Bn | 33.56 Bn | - | 1.37 Bn |
| 5 | Viking Holdings | 38.85 Bn | 23.97 Bn | 996.62 Mn | 446.42 Mn |
| 6 | Trip.com | 29.18 Bn | -15.85 Bn | 1.84 Bn | 698.38 Mn |
| 7 | Intercontinental Hotels | 27.60 Bn | 23.56 Bn | - | 155.80 Mn |
| 8 | Hyatt Hotels | 17.33 Bn | 14.74 Bn | 384.00 Mn | 96.35 Mn |
| 9 | H World | 15.68 Bn | 7.08 Bn | 456.00 Mn | 324.75 Mn |
| 10 | Norwegian Cruise Line Holdings | 8.24 Bn | 7.37 Bn | 1.28 Bn | 460.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 460.42 Mn |
| Jun 30, 2026 | 463.93 Mn |
| Mar 31, 2026 | 466.15 Mn |
| Dec 31, 2025 | 477.74 Mn |
| Sep 30, 2025 | 495.73 Mn |
| Jun 30, 2025 | 448.03 Mn |
| Mar 31, 2025 | 441.15 Mn |
| Dec 31, 2024 | 515.03 Mn |
| Sep 30, 2024 | 514.88 Mn |
| Jun 30, 2024 | 513.59 Mn |
| Mar 31, 2024 | 431.02 Mn |
| Dec 31, 2023 | 427.40 Mn |
| Sep 30, 2023 | 511.59 Mn |
| Jun 30, 2023 | 461.08 Mn |
| Mar 31, 2023 | 422.66 Mn |
| Dec 31, 2022 | 419.77 Mn |
| Sep 30, 2022 | 420.80 Mn |
| Jun 30, 2022 | 419.11 Mn |
| Mar 31, 2022 | 417.73 Mn |
| Dec 31, 2021 | 365.45 Mn |
API Access
Norwegian Cruise Line Holdings Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=NCLH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=NCLH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();