Companies / NCLH

Norwegian Cruise Line Holdings Ltd. (NCLH) financials and KPIs

Norwegian Cruise Line Holdings Ltd. reported revenue of $9.83B for fiscal 2025, up 3.7% from fiscal 2024. Net income was $423.25M and free cash flow was -$1.17B.

Annual results

Fiscal year20212022202320242025
Revenue$647.99M$4.84B$8.55B$9.48B$9.83B
Operating income-$2.55B-$1.55B$930.91M$1.47B$1.56B
Net income-$4.51B-$2.27B$166.18M$910.26M$423.25M
Cash from operations-$2.47B$210.02M$2.01B$2.05B$2.09B
Free cash flow-$3.22B-$1.57B-$744.65M$838.87M-$1.17B

Quarterly results

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$2.11B$2.13B$2.52B$2.94B$2.24B$2.33B$2.64B$2.95B
Net income$254.54M-$40.30M$29.99M$419.30M$14.25M$104.67M$222.55M$491.46M
Diluted EPS—-$0.09$0.07$0.86—$0.23$0.48$1.07

Operating KPIs

As Norwegian Cruise Line Holdings Ltd. reports them, quarter by quarter.

Fiscal quarterQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Passenger Cruise Days5,881,7775,787,2436,288,8006,828,2436,374,0666,634,5266,745,9547,204,938

Sources

Figures come from Norwegian Cruise Line Holdings Ltd.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.

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