Norwegian Cruise Line Holdings Ltd. (NCLH) Earnings History
Profitable22 years of earnings data (2004–2025) · Positive TTM net income
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Norwegian Cruise Line Holdings Ltd. (NCLH) Earnings Overview
As of June 23, 2026, Norwegian Cruise Line Holdings Ltd. (NCLH) reported trailing twelve-month net income of $568M, reflecting -52.4% year-over-year growth. The company earned $1.22 per diluted share over the past four quarters, with a net profit margin of 4.3%.
Looking at the long-term picture, NCLH's historical earnings data spans multiple years. The company achieved its highest annual net income of $955M in fiscal 2018.
Norwegian Cruise Line Holdings Ltd. maintains positive profitability with a gross margin of 32.0%, operating margin of 16.2%, and net margin of 4.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including CCL ($2.76B net income, 10.4% margin), RCL ($4.48B net income, 23.8% margin), VIK ($1.20B net income, 17.7% margin), NCLH has room to improve margins relative to the peer group. Compare NCLH vs CCL →
NCLH Earnings vs Peers
Earnings metrics vs comparable public companies
NCLH Historical Earnings Data (2004–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $423M | -53.5% | $1.59B | $0.90 | 4.3% | 16.2% |
| 2024 | $910M | +447.8% | $1.47B | $1.89 | 9.6% | 15.5% |
| 2023 | $166M | +107.3% | $931M | $0.39 | 1.9% | 10.9% |
| 2022 | -$2.27B | +49.6% | -$1.55B | $-5.41 | -46.9% | -32.0% |
| 2021 | -$4.51B | -12.3% | -$2.55B | $-12.33 | -695.5% | -393.9% |
| 2020 | -$4.01B | -531.3% | -$3.48B | $-15.75 | -313.5% | -272.2% |
| 2019 | $930M | -2.6% | $1.18B | $4.30 | 14.4% | 18.2% |
| 2018 | $955M | +25.7% | $1.22B | $4.25 | 15.8% | 20.1% |
| 2017 | $760M | +20.0% | $1.05B | $3.31 | 14.1% | 19.4% |
| 2016 | $633M | +48.2% | $925M | $2.78 | 13.0% | 19.0% |
| 2015 | $427M | +26.2% | $702M | $1.86 | 9.8% | 16.2% |
| 2014 | $338M | +232.7% | $503M | $1.62 | 10.8% | 16.1% |
| 2013 | $102M | -39.7% | $396M | $0.49 | 4.0% | 15.4% |
| 2012 | $169M | +32.9% | $357M | $0.84 | 7.4% | 15.7% |
| 2011 | $127M | +451.9% | $316M | $0.62 | 5.7% | 14.2% |
| 2010 | $23M | -65.7% | $230M | $0.11 | 1.1% | 11.4% |
| 2009 | $67M | +131.6% | $171M | $0.33 | 3.6% | 9.2% |
| 2008 | -$212M | +6.7% | -$63M | $-1.04 | -10.1% | -3.0% |
| 2007 | -$227M | -73.4% | $42M | $-1.12 | -10.4% | 1.9% |
| 2006 | -$131M | -906.3% | $33M | $-0.64 | -6.6% | 1.6% |
| 2005 | $16M | +286.4% | $73M | $0.08 | 1.0% | 4.5% |
| 2004 | -$9M | - | $50M | $-0.04 | -0.7% | 3.8% |
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NCLH — Frequently Asked Questions
Quick answers to the most common questions about buying NCLH stock.
What is NCLH earnings per share (EPS)?
NCLH trailing twelve-month (TTM) diluted EPS is $1.22, reflecting -52.4% year-over-year growth. The 5-year EPS CAGR is N/A. Complete EPS history from 2004 to 2025 is available in the table on this page.
What is Norwegian Cruise Line Holdings Ltd.'s net income?
Norwegian Cruise Line Holdings Ltd. (NCLH) trailing twelve-month net income is $568M as of 2025. Earnings declined -52.4% year-over-year. Norwegian Cruise Line Holdings Ltd. has been profitable for 3 consecutive years.
Is NCLH profitable?
Yes, NCLH is profitable with a TTM net income of $568M and a net profit margin of +4.3%. Norwegian Cruise Line Holdings Ltd. has generated profits for 3 consecutive years.
What is NCLH's earnings growth rate?
NCLH compound annual EPS growth rates (CAGR): 1-Year: -52.4%, 3-Year: N/A, 5-Year: N/A, 10-Year: -7.0%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2004 to 2025.
What are NCLH's profit margins?
Norwegian Cruise Line Holdings Ltd. net profit margin is +4.3%, operating margin is +16.2%, and gross margin is +32.0%. Below-average margins reflect competitive or cost pressures. Return on Equity is +23.3%.
Is NCLH growing earnings?
NCLH earnings are declining — EPS fell -52.4% year-over-year. TTM net income dropped to $568M. This contrasts with the 5-year CAGR of N/A.
What was NCLH's best earnings year?
Norwegian Cruise Line Holdings Ltd.'s highest annual net income on record is $955M, achieved in fiscal year 2018. Earnings history on this page spans 2004 to 2025 and includes all annual and quarterly figures.
What were NCLH's earnings last quarter?
NCLH's most recent reported quarter was Q1 2026. Net income was $105M with diluted EPS of $0.23. For a full breakdown of all quarters, see the quarterly earnings table on this page.