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
DateValue
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%