The financials
Norwegian Cruise Line Holdings by the numbers
Norwegian Cruise Line Holdings (NCLH) reported revenue of $2.64B in Q2 2026 (quarter ended June 30, 2026), up 4.9% from the same quarter a year earlier. That came with a gross margin of 40% and net income of $223M (8.4% of revenue). For the full year FY2025, revenue was $9.83B (+3.7% year on year) and net income $423M. Its largest region in 2026-Q1 was North America at $1.77B, 76% of the disclosed total, just ahead of Asia Pacific at 16%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $2.64B | $2.52B | +4.9% |
| Gross profit | $1.05B | $1.06B | −0.7% |
| Operating income | $363M | $424M | −14% |
| Net income | $223M | $30M | +642% |
| Diluted EPS | $0.48 | $0.07 | +586% |
| Geographic | Revenue | Share |
|---|---|---|
| North America | $1.77B | 76% |
| Asia Pacific | $367M | 16% |
| Other Country | $166M | 7.1% |
| Europe | $32M | 1.4% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $2.33B (-21%)
North America grew +22% year on yearEurope -56% year on year
Segment Latestquarter on quarteryear on year
- North America$1.77B$1.77BQoQ +21%year on year +22%+21%+22%
- Asia Pacific$366.7M$366.7MQoQ +194%year on year -9.6%+194%-9.6%
- Other Country$166.3M$166.3MQoQ +18564%year on year -18%+18564%-18%
- Europe$31.9M$31.9MQoQ -98%year on year -56%-98%-56%