Filing Flows › Norwegian Cruise Line Holdings (NCLH) › Operating margin
Norwegian Cruise Line Holdings (NCLH) operating margin by quarter
Norwegian Cruise Line Holdings' operating margin was 21.2% in Q3 2026 (third quarter 2026), +7.4 pts from Q2 2026. Over the last 6 quarters it ranged from 8.3% (Q4 2025) to 25.5% (Q3 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 21.2% | +7.4 pts | -4.3 pts |
| Q2 2026 | 13.8% | +3.8 pts | -3.1 pts |
| Q1 2026 | 10.0% | +1.7 pts | — |
| Q4 2025 | 8.3% | -17.2 pts | — |
| Q3 2025 | 25.5% | +8.7 pts | — |
| Q2 2025 | 16.8% | — | — |
Q3 2026 at a glance
Norwegian Cruise Line Holdings, Q3 2026: revenue $2.9B (+0.3% year over year), operating margin 21.2%, net earnings $491M, operating cash flow $292M. The chart follows the revenue to costs, profit and cash.
Questions
What is Norwegian Cruise Line Holdings' operating margin?
Norwegian Cruise Line Holdings' operating margin was 21.2% in Q3 2026 (third quarter 2026), +7.4 pts from Q2 2026.
How has Norwegian Cruise Line Holdings' operating margin changed?
Over the last 6 quarters it ranged from 8.3% (Q4 2025) to 25.5% (Q3 2025).
Q3 2026 results → · How Norwegian Cruise Line Holdings makes money →