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
DateValue
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%