What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Norwegian Cruise Line Holdings Ltd. NCLH Change in Deferred Revenue

Change in Deferred Revenue at other companies

Carnival CorporationCCL

$585M+16.3%

Royal Caribbean GroupRCL

$809M-3.5%

Other financials

Income statement

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Revenue$2.3B+9.6%

Gross profit$953.3M+15.8%

Operating income$232.9M+15.9%

Net income$104.7M+360%

EPS (diluted)$0.23+356%

Balance sheet

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Cash & equivalents$185.0M+0.4%

Total debt$15.2B+8.3%

Total equity$2.4B+71.6%

Total assets$23.8B+11.4%

Cash flow

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Operating cash flow$811.5M+19.5%

CapEx$1.4B-5.8%

Free cash flow-$625.2M+26.1%

Valuation

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Market cap$9.38B+2.1%

Enterprise value$24.39B+6.1%

P/E16.5×+5.7×

P/S0.9×0.0×

Profitability

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Gross margin43%+2.6pp

Operating margin15.9%+0.5pp

Net margin5.7%-3.4pp

FCF margin-4.7%—

Returns & leverage

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Return on equity29.5%-66.3pp

Debt / equity6.2×-3.7×

Current ratio0.2×0.0×

Where this comes from

Reported directly by Norwegian Cruise Line Holdings Ltd. in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Norwegian Cruise Line Holdings Ltd.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Norwegian Cruise Line Holdings Ltd.'s change in deferred revenue?: Norwegian Cruise Line Holdings Ltd. (NCLH) reported change in deferred revenue of $537.36M in Q1 2026.
How has Norwegian Cruise Line Holdings Ltd.'s change in deferred revenue changed year-over-year?: Norwegian Cruise Line Holdings Ltd.'s change in deferred revenue decreased by 19.3% year-over-year, from $665.93M to $537.36M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.