Norwegian Cruise Line Holdings income statement

In fiscal 2025, Norwegian Cruise Line Holdings reported revenue of $9.83bn, up 3.7% on the year before, operating income of $1.56bn (a 15.9% margin) and net income of $423m, or $0.92 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Norwegian Cruise Line Holdings: income statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	2.2	2.3	2.6	3.1	4.3	4.9	5.4	6.1	6.5	1.3	0.6	4.8	8.5	9.5	9.8	10.2
Cost of revenue	—	—	—	—	—	—	—	—	3.7	1.7	1.6	4.3	5.5	5.7	5.6	6.0
Gross profit	—	—	—	—	—	—	—	—	2.8	−0.4	−1.0	0.6	3.1	3.8	4.2	4.2
Selling, general and administrative	0.3	0.3	0.3	0.4	0.6	0.7	0.8	0.9	1.0	0.7	0.9	1.4	1.3	1.4	1.5	1.6
Operating income	0.3	0.4	0.4	0.5	0.7	0.9	1.0	1.2	1.2	−3.5	−2.6	−1.6	0.9	1.5	1.6	1.4
Interest expense	—	—	0.3	0.2	0.2	0.3	0.3	0.3	0.3	0.5	2.1	0.8	0.7	—	—	—
Net interest income	−0.2	−0.2	−0.3	−0.2	−0.2	−0.3	—	—	—	—	—	—	—	—	—	—
Income before tax	0.1	0.2	0.1	0.3	0.4	0.6	0.8	1.0	0.9	−4.0	−4.5	−2.3	0.2	0.8	0.4	0.8
Income tax	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	−0.0	−0.1	0.0	−0.0
Net income	0.1	0.2	0.1	0.3	0.4	0.6	0.8	1.0	0.9	−4.0	−4.5	−2.3	0.2	0.9	0.4	0.8
Diluted EPS	$0.71	$0.94	$0.49	$1.62	$1.86	$2.78	$3.31	$4.25	$4.30	−$15.75	−$12.33	−$5.41	$0.39	$1.89	$0.92	$1.74
Diluted shares (average)	179m	179m	209m	212m	230m	228m	229m	224m	216m	255m	365m	420m	427m	515m	478m	479m
EBITDA	0.5	0.6	0.6	0.8	1.2	1.4	1.6	1.8	1.8	−2.7	−1.8	−0.7	1.8	2.4	2.7	2.6

US$ millions unless shown otherwise. Fiscal quarters.

Norwegian Cruise Line Holdings: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	2,109	2,128	2,517	2,938	2,244	2,331	2,641	2,947
Cost of revenue	1,308	1,304	1,457	1,555	1,324	1,378	1,587	1,668
Gross profit	802	824	1,061	1,383	921	953	1,054	1,279
Selling, general and administrative	361	391	393	383	381	460	419	367
Operating income	215	201	424	749	187	233	363	624
Interest expense	—	15	11	9	—	6	6	6
Income before tax	108	−41	31	434	6	108	226	485
Income tax	−147	−1	1	14	−8	3	3	−7
Net income	255	−40	30	419	14	105	223	491
Diluted EPS	$0.52	−$0.09	$0.07	$0.86	$0.05	$0.23	$0.48	$1.07
EBITDA	461	451	668	1,000	561	514	635	912

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Norwegian Cruise Line Holdings's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Norwegian Cruise Line Holdings.