Jun 2026 (Q2 FY26) — Jul 30, 2026
Norwegian Cruise Line Holdings Q2 FY26 — Profitability Ahead of Guidance, Strategic Turnaround Underway
Read the full callNorwegian Cruise Line Holdings (NCLH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Norwegian Cruise Line Holdings earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 2,641 | +4.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 13.8 | −3.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 223 | +642.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$15.24 +1.26% · +$0.19
Performance −33.6% 1Y
1Y: $22.94 on 17 Oct 2025 → $15.24. High $25.02 (26 Feb 2026), low $14.12 (18 Sept 2026).
- Previous close
- $15.05
- 52-week range
- $14.12 – $25.02
- One year
- −34.45%
Overview
- Symbol
- NCLH
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 4, 2026
Norwegian Cruise Line Holdings Q1 FY26 — Revised Outlook Amidst Geopolitical Headwinds and Internal Turnaround Efforts
Read the full callDec 2025 (Q4 FY25) — Mar 2, 2026
Norwegian Cruise Line Holdings Q4 FY25 — Execution Missteps and Turnaround Focus
Read the full callEvery analysed call
Norwegian Cruise Line Holdings earnings calls (NCLH)
Financials
What the filings say
Net profit, year on year: +642% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,807 | 2,109 | 2,128 | 2,517 | 2,938 | 2,244 | 2,331 | 2,641 |
| Operating profit | 691 | 215 | 201 | 424 | 749 | 187 | 233 | 363 |
| Operating margin | 24.6% | 10.2% | 9.4% | 16.8% | 25.5% | 8.3% | 10.0% | 13.8% |
| Other income | -209 | -107 | -242 | -393 | -316 | -181 | -125 | -137 |
| Interest | 15 | — | 15 | 11 | 9 | — | 6 | 6 |
| Profit before tax | 482 | 108 | -41 | 31 | 434 | 6 | 108 | 226 |
| Tax rate | 1.4% | −136.3% | 2.8% | 2.1% | 3.3% | −142.0% | 2.8% | 1.5% |
| Net profit | 475 | 255 | -40 | 30 | 419 | 14 | 105 | 223 |
| EPS ($ per share) | 1.08 | — | -0.09 | 0.07 | 0.93 | — | 0.23 | 0.48 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 2,899 | 3,829 | -295 | -4,796 | -7,066 | -6,900 | -5,990 | -5,567 |
| Total liabilities | 9,243 | 10,169 | 14,045 | 16,297 | 18,489 | 19,192 | 18,544 | 20,332 |
| Fixed assets | 12,119 | 13,135 | 13,411 | 13,529 | 14,516 | 16,433 | 16,811 | 19,069 |
| Investments | — | — | — | 240 | — | — | — | — |
| Total assets | 15,206 | 16,685 | 18,399 | 18,730 | 18,558 | 19,493 | 19,970 | 22,541 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,075 | 1,823 | -2,556 | -2,468 | 210 | 2,006 | 2,050 | 2,090 |
| Cash from investing | -1,503 | -1,680 | -975 | -1,004 | -1,756 | -2,897 | -1,229 | -3,265 |
| Cash from financing | -585 | -53 | 6,579 | 1,678 | 986 | 347 | -1,032 | 1,194 |
| Net cash flow | -12 | 89 | 3,048 | -1,794 | -560 | -545 | -212 | 19 |
| Capital expenditure | -1,567 | -1,637 | -947 | -753 | -1,784 | -2,750 | -1,211 | -3,260 |
| Free cash flow | 508 | 185 | -3,503 | -3,221 | -1,574 | -745 | 839 | -1,170 |
NCLH revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Single Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +4.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- North America 59% ↑ 12 pt
- Europe 31% ↓ 20 pt
- Asia Pacific 8% ↑ 6 pt
- Other Country 2% ↑ 2 pt
As NCLH cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
57 filings between Nov 6, 2025 and Jun 2, 2026.
Open market
decisions to buy or sellPurchases
$30.93M
17 purchases by 13 insiders
Sales
$110.3K
1 sale by 1 insider
Compensation
not trading decisions- 23
- Award — granted as compensation
- 16
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| PAGLIUCA STEPHEN G | $24.99M | — | Jun 2, 2026 |
| CHIDSEY JOHN | $2.50M | — | May 22, 2026 |
| Byng-Thorne Zillah | $1.05M | — | May 7, 2026 |
| COHEN JONATHAN Z | $474.9K | — | May 20, 2026 |
| Sommer Harry | $462.9K | — | Nov 6, 2025 |
| Montague Jason | $252.0K | — | Nov 6, 2025 |
| MacDonald Brian P | $248.1K | — | May 11, 2026 |
| Cil Jose E. | $225.3K | — | May 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 2, 2026 | PAGLIUCA STEPHEN G Director | Purchase | 685,000 | $12.37M |
| Jun 1, 2026 | PAGLIUCA STEPHEN G Director | Purchase | 695,000 | $12.62M |
| May 22, 2026 | CHIDSEY JOHN President and CEO | Purchase | 153,000 | $2.50M |
| May 20, 2026 | COHEN JONATHAN Z Director | Purchase | 30,000 | $474.9K |
| May 19, 2026 | Cil Jose E. Director | Purchase | 10,000 | $149.1K |
| May 18, 2026 | Cil Jose E. Director | Purchase | 5,000 | $76.3K |
| May 11, 2026 | MacDonald Brian P Director | Purchase | 15,000 | $248.1K |
| May 7, 2026 | Byng-Thorne Zillah Director | Purchase | 25,015 | $442.0K |
| May 7, 2026 | Byng-Thorne Zillah Director | Purchase | 4,452 | $79.4K |
| May 7, 2026 | Lansberry Kevin Allen Director | Purchase | 11,400 | $197.0K |
| Apr 13, 2026 | Lansberry Kevin Allen Director | Award | 8,912 | $0 |
| Apr 13, 2026 | COHEN JONATHAN Z Director | Award | 8,912 | $0 |
| Apr 13, 2026 | PAGLIUCA STEPHEN G Director | Award | 8,912 | $0 |
| Apr 13, 2026 | Cruz Alex Director | Award | 8,912 | $0 |
| Apr 13, 2026 | MacDonald Brian P Director | Award | 8,912 | $0 |
| Mar 26, 2026 | CHIDSEY JOHN President and CEO | Award | 967,254 | $0 |
| Mar 6, 2026 | Kempa Mark EVP & CFO | Award | 47,880 | $960.0K |
| Mar 6, 2026 | Montague Jason Chief Luxury Officer | Award | 54,862 | $1.10M |
| Mar 6, 2026 | Dahlgren Patrik See Remarks | Award | 54,862 | $1.10M |
| Mar 6, 2026 | Kazlauskas Marc See Remarks | Award | 54,862 | $1.10M |
| Mar 6, 2026 | Ashby Faye L. SVP & Chief Accounting Officer | Award | 29,925 | $600.0K |
| Mar 6, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Award | 44,887 | $900.0K |
| Mar 1, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Tax withheld | 6,970 | $172.8K |
| Mar 1, 2026 | Dahlgren Patrik EVP, Chief Vessel Ops & NO | Tax withheld | 5,920 | $146.8K |
| Mar 1, 2026 | Dahlgren Patrik EVP, Chief Vessel Ops & NO | Tax withheld | 7,004 | $173.6K |
| Mar 1, 2026 | Ashby Faye L. SVP & Chief Accounting Officer | Tax withheld | 3,469 | $86.0K |
| Mar 1, 2026 | Ashby Faye L. SVP & Chief Accounting Officer | Tax withheld | 2,525 | $62.6K |
| Mar 1, 2026 | Ashby Faye L. SVP & Chief Accounting Officer | Tax withheld | 2,219 | $55.0K |
| Mar 1, 2026 | Dahlgren Patrik EVP, Chief Vessel Ops & NO | Tax withheld | 29,607 | $734.0K |
| Mar 1, 2026 | Dahlgren Patrik EVP, Chief Vessel Ops & NO | Tax withheld | 6,872 | $170.4K |
| Mar 1, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Tax withheld | 8,664 | $214.8K |
| Mar 1, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Tax withheld | 46,129 | $1.14M |
| Mar 1, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Tax withheld | 6,454 | $160.0K |
| Mar 1, 2026 | Montague Jason Chief Luxury Officer | Tax withheld | 4,313 | $106.9K |
| Mar 1, 2026 | Kempa Mark EVP & CFO | Tax withheld | 46,074 | $1.14M |
| Mar 1, 2026 | Kempa Mark EVP & CFO | Tax withheld | 8,664 | $214.8K |
| Mar 1, 2026 | Kempa Mark EVP & CFO | Tax withheld | 7,208 | $178.7K |
| Mar 1, 2026 | Kempa Mark EVP & CFO | Tax withheld | 6,872 | $170.4K |
| Feb 24, 2026 | Farkas Daniel S EVP GC, CDO & Sec'y | Award | 132,100 | $0 |
| Feb 24, 2026 | Dahlgren Patrik EVP, Chief Vessel Ops & NO | Award | 90,252 | $0 |
| Feb 24, 2026 | Kempa Mark EVP & CFO | Award | 132,100 | $0 |
| Jan 2, 2026 | Abrams David M. Director | Award | 8,779 | $0 |
| Jan 2, 2026 | Byng-Thorne Zillah Director | Award | 8,779 | $0 |
| Jan 2, 2026 | Cil Jose E. Director | Award | 13,169 | $0 |
| Jan 2, 2026 | Curtis Harry C Director | Award | 8,779 | $0 |
| Jan 2, 2026 | David Stella Director | Award | 13,169 | $0 |
| Jan 2, 2026 | CHIDSEY JOHN Director | Award | 13,169 | $0 |
| Jan 2, 2026 | Landry Mary E. Director | Award | 8,779 | $0 |
| Jan 2, 2026 | Jojo Linda P Director | Award | 13,169 | $0 |
| Dec 12, 2025 | Ashby Faye L. SVP & Chief Accounting Officer | Sale | 5,250 | $110.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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