Norwegian Cruise Line Financial Statements
NYSE: NCLHConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Norwegian Cruise Line revenue and earnings
In fiscal 2025, Norwegian Cruise Line generated $9.83 billion in revenue, up 3.7% from fiscal 2024, its 4th consecutive year of revenue growth. Net income was $423.2 million (-53.5% year over year), for a net margin of 4.3% versus a median of -46.9% in the prior 5 years. Gross margin was 42.6% (up from 40.0%) and operating margin 15.9%.
Diluted earnings per share came in at $0.92, down from $1.89. Over the last 5 fiscal years, NCLH's revenue has grown at a 50.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Norwegian Cruise Line income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.83B | 9.48B | 8.55B | 4.84B | 647.99M | 1.28B | 6.46B | 6.06B | 5.40B | 4.87B |
| Revenue growth (YoY) | +3.67% | +10.87% | +76.51% | +647.51% | -49.37% | -80.19% | +6.73% | +12.21% | +10.71% | +12.18% |
| Cost of Revenue | 5.64B | 5.69B | 5.47B | 4.27B | 1.61B | 1.69B | 3.66B | — | — | — |
| Gross Profit | 4.19B | 3.79B | 3.08B | 576.67M | -960.05M | -413.15M | 2.80B | — | — | — |
| Operating Expenses | 2.63B | 2.33B | 2.15B | 2.13B | 1.59B | 3.07B | 1.62B | 1.46B | 1.28B | 1.10B |
| Selling, General & Admin | 1.55B | 1.43B | 1.34B | 1.38B | 891.45M | 745.35M | 974.85M | 897.93M | 773.75M | 666.16M |
| Operating Income | 1.56B | 1.47B | 930.91M | -1.55B | -2.55B | -3.48B | 1.18B | 1.22B | 1.05B | 925.46M |
| Interest Expense | — | — | 727.50M | 801.50M | 2.10B | 482.30M | 272.90M | 270.40M | 267.80M | 276.90M |
| Other Income (Expense) | -1.13B | -693.00M | -767.74M | -724.95M | -1.95B | -515.91M | -266.71M | -249.75M | -278.20M | -285.16M |
| Pretax Income | 428.72M | 772.91M | 163.18M | -2.28B | -4.50B | -4.00B | 911.37M | 969.31M | 770.61M | 640.30M |
| Income Tax | 5.47M | -137.35M | -3.00M | -6.79M | 5.27M | 12.47M | -18.86M | 14.47M | 10.74M | 7.22M |
| Net Income | 423.25M | 910.26M | 166.18M | -2.27B | -4.51B | -4.01B | 930.23M | 954.84M | 759.87M | 633.09M |
| Net Income growth (YoY) | -53.50% | +447.76% | — | — | — | -531.35% | -2.58% | +25.66% | +20.03% | +48.22% |
| EPS (Basic) | 0.94 | 2.09 | 0.39 | -5.41 | -12.33 | -15.75 | 4.33 | 4.28 | 3.33 | 2.79 |
| EPS (Diluted) | 0.92 | 1.89 | 0.39 | -5.41 | -12.33 | -15.75 | 4.30 | 4.25 | 3.31 | 2.78 |
| Shares Outstanding (Basic) | 448.54M | 435.28M | 424.42M | 419.77M | 365.45M | 254.73M | 214.93M | 223.00M | 228.04M | 227.12M |
| Shares Outstanding (Diluted) | 477.74M | 515.03M | 427.40M | 419.77M | 365.45M | 254.73M | 216.48M | 224.42M | 229.42M | 227.85M |
| EBITDA | 2.72B | 2.44B | 1.81B | -741.70M | -1.79B | -2.74B | 1.83B | 1.79B | 1.57B | 1.37B |
| Gross Margin | 42.62% | 39.99% | 36.04% | 11.91% | -148.16% | -32.28% | 43.31% | — | — | — |
| Operating Margin | 15.88% | 15.46% | 10.89% | -32.04% | -393.89% | -272.22% | 18.23% | 20.13% | 19.44% | 18.99% |
| Net Margin | 4.31% | 9.60% | 1.94% | -46.86% | -695.48% | -313.50% | 14.39% | 15.77% | 14.08% | 12.99% |
This table shows 10 annual periods of Norwegian Cruise Line's income statement, from FY 2025 back to FY 2016, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NCLH's reporting calendar. What is a income statement?