Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) reported Tax Rate of 2.78% for Q1 2026, up 3.0% on a YoY basis from 2.7% in Q1 2025, and up 121.81% sequentially from 12.75% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings (NCLH) has 15 years of Tax Rate data on file, last reported at 2.78% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 3.0% year-over-year to 2.78%; the trailing twelve-month figure through Mar 2026 stood at 38.9% (up 3656.0% YoY), and the FY2025 full-year result was 239.49%, up 23706.0% from the prior year.
- Tax Rate advanced to 2.78% in Q1 2026, from 12.75% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 8.66% in Q4 2024 to a low of 12.75% in Q4 2025.
- A 5-year average of 1.47% and a median of 2.08% in 2025 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 909 bps in 2024 and plunged 2141 bps in 2025, its largest moves.
- Tracing NCLH's Tax Rate over 5 years: stood at 1.56% in 2022, then jumped by 72 bps to 0.43% in 2023, then jumped by 2110 bps to 8.66% in 2024, then tumbled by 247 bps to 12.75% in 2025, then jumped by 122 bps to 2.78% in 2026.
- Business Quant data shows NCLH's Tax Rate at 2.78% in Q1 2026, 12.75% in Q4 2025, and 3.31% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 22.59% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 2.66% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 43.06% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -14.69% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | -1.63% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 3.06% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | 148.00% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 2.78% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | -19.68% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | -381.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.78% |
| Mar 31, 2026 | 2.78% |
| Mar 31, 2026 | 2.78% |
| Dec 31, 2025 | -12.75% |
| Dec 31, 2025 | -12.75% |
| Dec 31, 2025 | -12.75% |
| Sep 30, 2025 | 3.31% |
| Sep 30, 2025 | 3.31% |
| Sep 30, 2025 | 3.31% |
| Jun 30, 2025 | 2.08% |
| Jun 30, 2025 | 2.08% |
| Jun 30, 2025 | 2.08% |
| Mar 31, 2025 | 2.75% |
| Mar 31, 2025 | 2.75% |
| Mar 31, 2025 | 2.75% |
| Dec 31, 2024 | 8.66% |
| Dec 31, 2024 | 8.66% |
| Dec 31, 2024 | 8.66% |
| Sep 30, 2024 | 1.44% |
| Sep 30, 2024 | 1.44% |