Norwegian Cruise Line Holdings Ltd. (NCLH)

NCLH Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	9,828	9,480	8,550	4,844	647.99
Revenue Growth (YoY)	3.67%	10.87%	76.51%	647.51%	-49.37%
Cost of Revenue	5,639	5,689	5,469	4,267	1,608
Gross Profit	4,188	3,791	3,081	576.67	-960.05
Selling, General & Admin	1,549	1,435	1,342	1,379	891.45
Depreciation & Amortization Expenses	1,079	890.24	808.57	749.33	700.85
Total Operating Expenses	2,628	2,325	2,150	2,128	1,592
Operating Income	1,561	1,466	930.91	-1,552	-2,552
Total Non-Operating Income (Expense)	-1,132	-693	-767.74	-724.95	-1,949
Pretax Income	428.72	772.91	163.18	-2,277	-4,501
Provision for Income Taxes	5.48	-137.35	-3	-6.79	5.27
Net Income	423.25	910.26	166.18	-2,270	-4,507
Net Income to Common	423.25	910.26	166.18	-2,270	-4,507
Net Income Growth	-53.50%	447.76%	-	-	-
Shares Outstanding (Basic)	449	435	424	420	365
Shares Outstanding (Diluted)	478	515	427	420	365
Shares Change (YoY)	-7.24%	20.50%	1.82%	14.87%	43.47%
EPS (Basic)	0.94	2.09	0.39	-5.41	-12.33
EPS (Diluted)	0.92	1.89	0.39	-5.41	-12.33
EPS Growth	-51.32%	384.62%	-	-	-
Free Cash Flow	-1,170	838.87	-744.65	-1,574	-3,221
Free Cash Flow Per Share	-2.45	1.63	-1.74	-3.75	-8.81
Gross Margin	42.62%	39.99%	36.04%	11.91%	-148.16%
Operating Margin	15.88%	15.46%	10.89%	-32.04%	-393.89%
Profit Margin	4.31%	9.60%	1.94%	-46.86%	-695.48%
FCF Margin	-11.90%	8.85%	-8.71%	-32.49%	-497.06%
EBITDA	2,723	2,439	1,814	-741.7	-1,794
EBITDA Margin	27.71%	25.73%	21.22%	-15.31%	-276.82%
EBIT	1,561	1,466	930.91	-1,552	-2,552
EBIT Margin	15.88%	15.46%	10.89%	-32.04%	-393.89%
Effective Tax Rate	1.28%	-17.77%	-1.84%	0.30%	-0.12%

Updated Mar 2, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q