Question 1

What is Norwegian Cruise Line Holdings Ltd.'s total operating expenses?

Accepted Answer

Norwegian Cruise Line Holdings Ltd. (NCLH) reported total operating expenses of $720.4M in Q1 2026.

Question 2

How has Norwegian Cruise Line Holdings Ltd.'s total operating expenses changed year-over-year?

Accepted Answer

Norwegian Cruise Line Holdings Ltd.'s total operating expenses increased by 15.7% year-over-year, from $622.67M to $720.4M.

Question 3

What is the long-term trend for Norwegian Cruise Line Holdings Ltd.'s total operating expenses?

Accepted Answer

Over 4 years (2021 to 2025), Norwegian Cruise Line Holdings Ltd.'s total operating expenses has grown at a 13.3% compound annual growth rate (CAGR), from $1.59B to $2.63B.

Question 4

What does total operating expenses mean?

Accepted Answer

The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

Line item	Three Months Ended / March 31, 2026	Three Months Ended / March 31, 2025
Other operating expense
Marketing, general and administrative	459,681	391,376
Depreciation and amortization	260,716	231,297
Total other operating expense	720,397	622,673
Operating income	232,943	200,942
Non-operating income (expense)
Interest expense, net	(165,987)	(217,872)
Other income (expense), net	40,703	(24,505)

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Norwegian Cruise Line Holdings Ltd. NCLH Total Operating Expenses