Norwegian Cruise Line Holdings annual operating expenses
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Norwegian Cruise Line Holdings Operating Expenses Growth & History (NCLH)
Norwegian Cruise Line Holdings's operating expenses was $2.63B for fiscal 2025.
View full Norwegian Cruise Line Holdings company overviewNorwegian Cruise Line Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.63B | $302.5M | +13.01% |
| 2024 | 2024-12-31 | $2.33B | $174.6M | +8.12% |
| 2023 | 2023-12-31 | $2.15B | $22.0M | +1.03% |
| 2022 | 2022-12-31 | $2.13B | $536.1M | +33.67% |
| 2021 | 2021-12-31 | $1.59B | −$1.48B | −48.15% |
| 2020 | 2020-12-31 | $3.07B | $1.45B | +89.45% |
| 2019 | 2019-12-31 | $1.62B | $162.0M | +11.11% |
| 2018 | 2018-12-31 | $1.46B | $175.3M | +13.65% |
| 2017 | 2017-12-31 | $1.28B | $185.1M | +16.84% |
| 2016 | 2016-12-31 | $1.10B | $111.5M | +11.30% |
| 2015 | 2015-12-31 | $987.1M | $310.8M | +45.95% |
| 2014 | 2014-12-31 | $676.3M | $159.6M | +30.88% |
| 2013 | 2013-12-31 | $516.7M | $76.0M | +17.25% |
| 2012 | 2012-12-31 | $440.7M | $5.4M | +1.24% |
| 2011 | 2011-12-31 | $435.3M | — | — |
Norwegian Cruise Line Holdings quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $690.4M | $53.6M | +8.42% |
| Q1 2026 | 2026-03-31 | $720.4M | $97.7M | +15.69% |
| Q4 2025 | 2025-12-31 | $734.2M | $147.2M | +25.07% |
| Q3 2025 | 2025-09-30 | $633.8M | $57.4M | +9.96% |
| Q2 2025 | 2025-06-30 | $636.8M | $60.6M | +10.52% |
| Q1 2025 | 2025-03-31 | $622.7M | $37.3M | +6.37% |
| Q4 2024 | 2024-12-31 | $587.0M | $46.7M | +8.65% |
| Q3 2024 | 2024-09-30 | $576.4M | $46.5M | +8.77% |
| Q2 2024 | 2024-06-30 | $576.2M | $26.8M | +4.89% |
| Q1 2024 | 2024-03-31 | $585.4M | $54.6M | +10.29% |
| Q4 2023 | 2023-12-31 | $540.3M | −$40.3M | −6.95% |
| Q3 2023 | 2023-09-30 | $530.0M | −$31.9M | −5.67% |
| Q2 2023 | 2023-06-30 | $549.3M | $38.7M | +7.57% |
| Q1 2023 | 2023-03-31 | $530.8M | $55.5M | +11.68% |
| Q4 2022 | 2022-12-31 | $580.6M | $124.0M | +27.16% |
| Q3 2022 | 2022-09-30 | $561.8M | $159.4M | +39.61% |
| Q2 2022 | 2022-06-30 | $510.7M | $150.9M | +41.95% |
| Q1 2022 | 2022-03-31 | $475.3M | $101.8M | +27.25% |
| Q4 2021 | 2021-12-31 | $456.6M | $107.1M | +30.66% |
| Q3 2021 | 2021-09-30 | $402.4M | $68.3M | +20.44% |
| Q2 2021 | 2021-06-30 | $359.7M | $49.1M | +15.79% |
| Q1 2021 | 2021-03-31 | $373.5M | −$1.70B | −82.01% |
| Q4 2020 | 2020-12-31 | $349.5M | −$44.4M | −11.26% |
| Q3 2020 | 2020-09-30 | $334.1M | −$77.2M | −18.77% |
| Q2 2020 | 2020-06-30 | $310.7M | −$86.5M | −21.77% |
| Q1 2020 | 2020-03-31 | $2.08B | $1.66B | +396.00% |
| Q4 2019 | 2019-12-31 | $393.8M | $39.5M | +11.14% |
| Q3 2019 | 2019-09-30 | $411.4M | $32.2M | +8.50% |
| Q2 2019 | 2019-06-30 | $397.2M | $29.9M | +8.15% |
| Q1 2019 | 2019-03-31 | $418.7M | $60.4M | +16.87% |
| Q4 2018 | 2018-12-31 | $354.4M | $35.4M | +11.11% |
| Q3 2018 | 2018-09-30 | $379.1M | $42.4M | +12.59% |
| Q2 2018 | 2018-06-30 | $367.2M | $50.4M | +15.93% |
| Q1 2018 | 2018-03-31 | $358.3M | $47.0M | +15.10% |
| Q4 2017 | 2017-12-31 | $318.9M | $42.4M | +15.35% |
| Q3 2017 | 2017-09-30 | $336.8M | $50.4M | +17.59% |
| Q2 2017 | 2017-06-30 | $316.8M | $62.9M | +24.76% |
| Q1 2017 | 2017-03-31 | $311.2M | $29.4M | +10.42% |
| Q4 2016 | 2016-12-31 | $276.5M | $15.6M | +5.99% |
| Q3 2016 | 2016-09-30 | $286.4M | $26.0M | +10.00% |
| Q2 2016 | 2016-06-30 | $253.9M | $42.1M | +19.90% |
| Q1 2016 | 2016-03-31 | $281.9M | $27.7M | +10.91% |
| Q4 2015 | 2015-12-31 | $260.9M | $37.0M | +16.53% |
| Q3 2015 | 2015-09-30 | $260.4M | $99.5M | +61.82% |
| Q2 2015 | 2015-06-30 | $211.8M | $65.2M | +44.51% |
| Q1 2015 | 2015-03-31 | $254.1M | $109.1M | +75.23% |
| Q4 2014 | 2014-12-31 | $223.8M | $102.7M | +84.81% |
| Q3 2014 | 2014-09-30 | $160.9M | $27.2M | +20.34% |
| Q2 2014 | 2014-06-30 | $146.5M | $18.6M | +14.52% |
| Q1 2014 | 2014-03-31 | $145.0M | $11.1M | +8.27% |
| Q4 2013 | 2013-12-31 | $121.1M | $12.1M | +11.05% |
| Q3 2013 | 2013-09-30 | $133.7M | $27.5M | +25.89% |
| Q2 2013 | 2013-06-30 | $128.0M | $19.5M | +17.95% |
| Q1 2013 | 2013-03-31 | $134.0M | $17.0M | +14.53% |
| Q4 2012 | 2012-12-31 | $109.1M | — | — |
| Q3 2012 | 2012-09-30 | $106.2M | — | — |
| Q2 2012 | 2012-06-30 | $108.5M | — | — |
| Q1 2012 | 2012-03-31 | $117.0M | — | — |
Norwegian Cruise Line Holdings operating expenses trends
Over the last five fiscal years, Norwegian Cruise Line Holdings's operating expenses decreased from $3.07B to $2.63B, a change of −$443.4M. The latest reported quarter, Q2 2026, shows $690.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Norwegian Cruise Line Holdings source filings ↗