Norwegian Cruise Line Holdings revenue and financials
$15.51Change from previous close: +4.30%Absolute change: +$0.64
In the fiscal year ended December 2025, Norwegian Cruise Line Holdings reported revenue of $9.83B (+3.67% year over year). Net income was $423.25M, a net margin of 4.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +3.67%
- 2025 vs 2024
- Net income growth
- −53.50%
- 2025 vs 2024
- Net margin
- 4.3%
- 2024: 9.6%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 603 | 811 | 459 | 237 | 715 | 679 | 399 | 173 | 671 | 807 | 259 | 210 |
| Depreciation and amortization | 271 | 261 | 260 | 251 | 244 | 231 | 228 | 218 | 222 | 223 | 213 | 205 |
| Capital expenditure | -458 | -1,437 | -438 | -963 | -334 | -1,525 | -243 | -368 | -341 | -259 | -648 | -1,129 |
| Investing cash flow | -459 | -1,440 | -433 | -963 | -336 | -1,532 | -244 | -365 | -366 | -255 | -691 | -1,214 |
| Financing cash flow | -111 | 604 | 17.1 | 710 | -379 | 847 | -297 | -69.3 | -271 | -395 | 152 | 787 |
| Share repurchases | -0.1 | -30.1 | -0.3 | -0.0 | — | -23.8 | -3.3 | -0.0 | -0.0 | -22.0 | -1.6 | -0.0 |
| Debt issued | 495 | 1,261 | 512 | 4,773 | 774 | 3,679 | 610 | 427 | 169 | 92.4 | 1,334 | 951 |
| Debt repaid | -604 | -608 | -449 | -3,857 | -1,143 | -2,723 | -900 | -490 | -353 | -425 | -1,129 | -129 |
| Net change in cash | 33.1 | -24.8 | 43.1 | -17.2 | -0.3 | -6.4 | -142 | -262 | 34.3 | 157 | -279 | -218 |
| Free cash flow | 145 | -625 | 21.5 | -727 | 381 | -846 | 156 | -196 | 330 | 548 | -389 | -918 |
| Levered free cash flow | 194 | -813 | -78.1 | -984 | 374 | -861 | 154 | -372 | 329 | 461 | -270 | -1,173 |