Norwegian Cruise Line Holdings Ltd. (NCLH) income statement
NYSE · Consumer Cyclical · Travel Services · 44,500 employees · CEO John W. Chidsey
- Price
- $17.57 -3.57%
- Market cap
- $8.07B
- Enterprise value
- $22.9B
- Last report
- Q3 '26 filed 2026-10-29
- Next report
- 2027-03-01 EPS est. -$0.06
Norwegian Cruise Line Holdings Ltd. (NCLH) reported revenue of $2.95B for Q3 '26 (+0.3% year on year), operating income of $624M (21.2% of revenue) and net income of $491M. Over the last four quarters revenue was $10.2B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.99B | $2.19B | $2.37B | $2.81B | $2.11B | $2.13B | $2.52B | $2.94B | $2.24B | $2.33B | $2.64B | $2.95B | |
| Cost of revenue | $1.32B | $1.39B | $1.45B | $1.54B | $1.31B | $1.3B | $1.46B | $1.55B | $1.32B | $1.38B | $1.59B | $1.67B | |
| Gross profit | $665M | $804M | $918M | $1.27B | $802M | $824M | $1.06B | $1.38B | $921M | $953M | $1.05B | $1.28B | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $460M | $419M | $367M | |
| Other operating expenses | $212M | $223M | $222M | $218M | $226M | $231M | $244M | $251M | $353M | $261M | $271M | $288M | |
| Operating expenses | $540M | $585M | $576M | $576M | $587M | $623M | $637M | $634M | $734M | $720M | $690M | $655M | |
| Operating income | $124M | $218M | $342M | $691M | $215M | $201M | $424M | $749M | $187M | $233M | $363M | $624M | |
| Interest expense | $197M | $218M | $178M | $175M | $175M | $218M | $168M | $329M | $170M | $166M | $171M | $171M | |
| Other non-operating income (gains on investments, FX ...) | $35.3M | -$18.1M | -$1.9M | $34.1M | -$68.3M | $24.5M | $225M | -$13M | $10.7M | $40.7M | -$33.5M | -$30.9M | |
| Total non-operating income | -$233M | -$200M | -$177M | -$209M | -$107M | -$242M | -$393M | -$316M | -$181M | -$125M | -$137M | -$140M | |
| Income before tax | -$108M | $18.4M | $165M | $482M | $108M | -$41.4M | $30.6M | $434M | $5.89M | $108M | $226M | $485M | |
| Income tax | -$1.83M | $1M | $1.55M | $6.92M | -$147M | -$1.14M | $637K | $14.3M | -$8.36M | $2.99M | $3.4M | -$6.83M | |
| Net income | -$106M | $17.4M | $163M | $475M | $255M | -$40.3M | $30M | $419M | $14.3M | $105M | $223M | $491M | |
| EPS (basic) | -$0.25 | $0.04 | $0.38 | $1.08 | $0.58 | -$0.09 | $0.07 | $0.93 | $0.03 | $0.23 | $0.48 | $1.07 | |
| EPS (diluted) | -$0.25 | $0.04 | $0.32 | $0.95 | $0.49 | -$0.09 | $0.07 | $0.86 | $0.03 | $0.23 | $0.48 | $1.07 | |
| Shares (basic, weighted) | 425M | 427M | 435M | 440M | 440M | 441M | 444M | 451M | 455M | 457M | 459M | 459M | |
| Shares (diluted, weighted) | 425M | 431M | 514M | 515M | 518M | 441M | 444M | 496M | 460M | 466M | 464M | 460M | |
| Depreciation & amortization | $233M | $245M | $243M | $239M | $247M | $251M | $264M | $273M | $374M | $281M | $294M | $310M | |
| EBITDA | $322M | $482M | $586M | $896M | $530M | $427M | $463M | $1.04B | $550M | $474M | $691M | $966M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.87B | $5.4B | $6.06B | $6.46B | $1.28B | $648M | $4.84B | $8.55B | $9.48B | $9.83B | |
| Cost of revenue | $2.85B | $3.06B | $3.38B | $3.66B | $1.69B | $1.61B | $4.27B | $5.47B | $5.69B | $6.69B | |
| Gross profit | $2.02B | $2.33B | $2.68B | $2.8B | -$413M | -$960M | $577M | $3.08B | $3.79B | $3.14B | |
| Sales & marketing | $666M | $774M | $898M | $975M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $432M | $510M | $561M | $646M | $2.33B | $701M | $749M | $809M | $890M | $0 | |
| Operating expenses | $1.1B | $1.28B | $1.46B | $1.62B | $3.07B | $1.59B | $2.13B | $2.15B | $2.33B | $1.55B | |
| Operating income | $925M | $1.05B | $1.22B | $1.18B | -$3.48B | -$2.55B | -$1.55B | $931M | $1.47B | $1.59B | |
| Interest expense | $277M | $268M | $270M | $257M | $482M | $2.07B | $802M | $728M | $747M | $2.23B | |
| Other non-operating income (gains on investments, FX ...) | $4.36M | $7.4M | -$19.8M | $9.38M | $33.6M | -$124M | -$76.6M | $40.2M | -$54.2M | -$1.07B | |
| Total non-operating income | -$285M | -$278M | -$250M | -$267M | -$516M | -$1.95B | -$725M | -$768M | -$693M | -$1.16B | |
| Income before tax | $640M | $771M | $969M | $911M | -$4B | -$4.5B | -$2.28B | $163M | $773M | $429M | |
| Income tax | $7.22M | $10.7M | $14.5M | -$18.9M | $12.5M | $5.27M | -$6.79M | -$3M | -$137M | $5.48M | |
| Net income | $633M | $760M | $955M | $930M | -$4.01B | -$4.51B | -$2.27B | $166M | $910M | $423M | |
| EPS (basic) | $2.79 | $3.33 | $4.28 | $4.33 | -$15.75 | -$12.33 | -$5.41 | $0.39 | $2.09 | $0.94 | |
| EPS (diluted) | $2.78 | $3.31 | $4.25 | $4.30 | -$15.75 | -$12.33 | -$5.41 | $0.39 | $1.89 | $0.90 | |
| Shares (basic, weighted) | 228M | 229M | 223M | 215M | 255M | 365M | 420M | 424M | 435M | 455M | |
| Shares (diluted, weighted) | 228M | 230M | 224M | 216M | 255M | 365M | 420M | 427M | 515M | 460M | |
| Depreciation & amortization | $446M | $521M | $567M | $647M | $740M | $759M | $810M | $883M | $974M | $1.16B | |
| EBITDA | $1.37B | $1.56B | $1.81B | $1.82B | -$2.78B | -$1.67B | -$665M | $1.77B | $2.49B | $3.82B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02