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Norwegian Cruise Line Holdings Ltd. NCLH Business Segments — Adjusted Operating Expenses

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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 nclh:AdjustedOperatingExpenses.

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 business segments — adjusted operating expenses?
Norwegian Cruise Line Holdings Ltd. (NCLH) reported business segments — adjusted operating expenses of $687M in Q1 2026.
How has Norwegian Cruise Line Holdings Ltd.'s business segments — adjusted operating expenses changed year-over-year?
Norwegian Cruise Line Holdings Ltd.'s business segments — adjusted operating expenses increased by 13.1% year-over-year, from $607.22M to $687M.
What is the long-term trend for Norwegian Cruise Line Holdings Ltd.'s business segments — adjusted operating expenses?
Over 3 years (2022 to 2025), Norwegian Cruise Line Holdings Ltd.'s business segments — adjusted operating expenses has grown at a 6.6% compound annual growth rate (CAGR), from $2.04B to $2.47B.
What does business segments — adjusted operating expenses mean?
Aggregates the core operational costs of the business, excluding specific non-recurring or non-cash items. It provides a normalized view of the total expenditure required to maintain cruise operations.