Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026)
Norwegian Cruise Line Holdings' (NCLH) quarterly Tax Rate came in at 2.78% in Q1 2026, up 3.0% year-on-year from 2.7% in Q1 2025, and down 13.37% quarter-over-quarter from 3.21% in Q4 2025.
Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has disclosed Tax Rate across 15 years of filings, most recently posting 2.78% for Q1 2026.
- Tax Rate for Q1 2026 came in at 2.78%, up 3.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.99% (up 66.0% YoY), and the FY2025 annual result was 4.21%, up 178.0% from the prior year.
- Tax Rate came in at 2.78% for Q1 2026 at Norwegian Cruise Line Holdings, down from 3.21% 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 0.45% in Q1 2022.
- The 5-year median for Tax Rate is 2.35% (2023), against an average of 2.6%.
- Across the five-year window, Tax Rate jumped 709 bps in 2024 and sank 545 bps in 2025, its largest moves.
- Norwegian Cruise Line Holdings' Tax Rate stood at 0.34% in 2022, then soared by 557 bps to 1.57% in 2023, then jumped by 452 bps to 8.66% in 2024, then tumbled by 63 bps to 3.21% in 2025, then fell by 13 bps to 2.78% in 2026.
- The last three Tax Rate figures came in at 2.78% (Q1 2026), 3.21% (Q4 2025), and 3.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 22.59% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 43.06% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.66% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 6.07% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 148.00% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 2.78% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -381.82% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 26.85% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | -31.32% |
| 10 | MakeMyTrip | 2.12 Bn | 1.35 Bn | - | -19.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.78% |
| Mar 31, 2026 | 2.78% |
| Dec 31, 2025 | 3.21% |
| Dec 31, 2025 | 3.21% |
| Sep 30, 2025 | 3.31% |
| Sep 30, 2025 | 3.31% |
| Jun 30, 2025 | 2.08% |
| Jun 30, 2025 | 2.08% |
| Mar 31, 2025 | 2.75% |
| Mar 31, 2025 | 2.75% |
| Dec 31, 2024 | 8.66% |
| Dec 31, 2024 | 8.66% |
| Sep 30, 2024 | 1.44% |
| Sep 30, 2024 | 1.44% |
| Jun 30, 2024 | 0.94% |
| Jun 30, 2024 | 0.94% |
| Mar 31, 2024 | 5.45% |
| Mar 31, 2024 | 5.45% |
| Dec 31, 2023 | 1.57% |
| Dec 31, 2023 | 1.57% |