Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026)
Norwegian Cruise Line Holdings (NCLH) posted Tax Rate of 2.78% for Q1 2026, up 121.81% sequentially from 12.75% in Q4 2025, and up 3.0% YoY from 2.7% in Q1 2025.
Norwegian Cruise Line Holdings (NCLH) Tax Rate (2012 - 2026) Analysis & Trends
Norwegian Cruise Line Holdings has reported Tax Rate for 15 years, with the latest figure at 2.78% in Q1 2026.
- Quarterly Tax Rate rose 3.0% year-over-year to 2.78% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 38.9% (up 3656.0% YoY) and the FY2025 annual result came in at 239.49%, up 23706.0% from the prior year.
- Tax Rate advanced to 2.78% in Q1 2026 per NCLH's latest filing, from 12.75% in the prior quarter.
- Over five years, Tax Rate peaked at 8.66% in Q4 2024 and troughed at 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.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 909 bps in 2024, then slumped 2141 bps in 2025.
- Over 5 years, Tax Rate 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 slumped by 247 bps to 12.75% in 2025, then jumped by 122 bps to 2.78% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 2.78%, 12.75%, and 3.31% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 158.46 Bn | 141.25 Bn | 4.98 Bn | 23.83% |
| 2 | Airbnb | 106.78 Bn | 94.71 Bn | 2.98 Bn | 9.03% |
| 3 | Royal Caribbean Cruises | 80.66 Bn | 79.74 Bn | 2.29 Bn | 1.22% |
| 4 | Viking Holdings | 44.63 Bn | 40.83 Bn | 713.43 Mn | -1.63% |
| 5 | Expedia | 38.98 Bn | 31.85 Bn | 3.91 Bn | 14.80% |
| 6 | Carnival | 38.25 Bn | 36.01 Bn | - | 3.06% |
| 7 | Trip.com | 29.13 Bn | 17.43 Bn | 1.86 Bn | -19.46% |
| 8 | Norwegian Cruise Line Holdings | 8.43 Bn | 8.21 Bn | 1.05 Bn | 1.51% |
| 9 | MakeMyTrip | 5.84 Bn | 5.06 Bn | 212.91 Mn | -41.01% |
| 10 | Global Business Travel | 4.86 Bn | 4.34 Bn | 514.00 Mn | 13.33% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.51% |
| Jun 30, 2026 | 1.51% |
| Jun 30, 2026 | 1.51% |
| 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% |