Stocks Consumer discretionary NCLH
NYSE · Consumer discretionaryNorwegian Cruise Line Holdings Ltd. (NCLH)
Norwegian Cruise Line Holdings Ltd. brought in $10.2B of revenue over the twelve months to September 30, 2026, up 4.9% from a year earlier. Net income was $832.9M, a net margin of 8.2%. In fiscal 2025 capital spending exceeded operating cash flow by $1.2B. At September 30, 2026 it held $256.5M in cash against $15.1B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Norwegian Cruise Line Holdings Ltd.
- Net worth
- Norwegian Cruise Line Holdings Ltd. has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $3.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $9.8B (+3.7% year on year), with net income of $423.2M. Over the 12 months to September 30, 2026: revenue $10.2B, net income $832.9M.
- Cash flow
- In fiscal 2025 operations brought in $2.1B of cash; after $3.3B of capital spending, free cash flow was -$1.2B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Norwegian Cruise Line Holdings Ltd.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Norwegian Cruise Line Holdings Ltd. does
Norwegian Cruise Line Holdings Ltd. is registered with the SEC under industry code SIC 4400 (Water Transportation). Its shares trade on NYSE under the ticker NCLH.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $9.8B | $423.2M | $0.92 | -$1.2B |
| 2024 | $9.5B | $910.3M | $1.89 | $838.9M |
| 2023 | $8.5B | $166.2M | $0.39 | -$744.6M |
| 2022 | $4.8B | -$2.3B | -$5.41 | -$1.6B |
| 2021 | $648M | -$4.5B | -$12.33 | -$3.2B |
| 2020 | $1.3B | -$4B | -$15.75 | -$3.5B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where NCLH ranks in Consumer discretionary
Latest SEC filings
What Norwegian Cruise Line Holdings Ltd. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue was flat at $2.9B versus the same quarter last year; diluted EPS $1.07 versus $0.86.
- October 29, 2026
- October 29, 2026
- October 15, 2026
- September 30, 2026
- August 12, 2026Shareholder vote results 8-K/A
- August 12, 2026Passive stake changed SCHEDULE 13G/A
- August 3, 2026
- August 3, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.9% to $2.6B versus the same quarter last year; diluted EPS $0.48 versus $0.07.
Insider trades
What the people running Norwegian Cruise Line Holdings Ltd. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| June 2, 2026 | Pagliuca Stephen GDirector | Bought | 685,000 | $12.4M |
| June 1, 2026 | Pagliuca Stephen GDirector | Bought | 695,000 | $12.6M |
| May 22, 2026 | Chidsey JohnPresident and CEO, Director | Bought | 153,000 | $2.5M |
| May 20, 2026 | Cohen Jonathan ZDirector | Bought | 30,000 | $474.9K |
| May 19, 2026 | Cil Jose E.Director | Boughtindirect | 10,000 | $149.1K |
| May 18, 2026 | Cil Jose E.Director | Boughtindirect | 5,000 | $76.3K |
| May 11, 2026 | MacDonald Brian PDirector | Bought | 15,000 | $248.1K |
| May 7, 2026 | Byng-Thorne ZillahDirector | Bought | 25,015 | $442K |
Who owns NCLH
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.37% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 635 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Vanguard Capital Management LLC | 29,972,580 | +355,565 |
| BlackRock, Inc. | 29,336,839 | -5,193,269 |
| UBS Group AG | 23,331,373 | +1,377,239 |
| Goldman Sachs Group Inc | 18,908,671 | +993,744 |
| Vanguard Portfolio Management LLC | 18,666,538 | -1,036,581 |
| State Street Corp | 17,008,796 | +750,042 |
| Barclays PLC | 16,705,019 | +1,602,378 |
| Ariel Investments, LLC | 15,430,947 | +769,368 |
| Ameriprise Financial Inc | 15,011,544 | +14,548,786 |
| Elliott Investment Management L.P. | 14,686,000 | +1,500,000 |
| Capital International Investors | 14,038,301 | -15,943,598 |
| Invesco Ltd. | 13,174,036 | +2,354,029 |
| Geode Capital Management, LLC | 12,129,137 | -411,447 |
| Mizuho Markets Americas LLC | 11,385,000 | +9,600,000 |
| Dimensional Fund Advisors LP | 10,002,632 | +2,740,042 |
| Nearwater Capital Markets, Ltd | 9,465,000 | +6,060,000 |
| Morgan Stanley | 7,793,052 | -449,642 |
| Hound Partners, LLC | 6,694,773 | +981,683 |
| Citadel Advisors LLC | 6,642,302 | +489,907 |
| Capitolis Liquid Global Markets LLC | 6,463,695 | +2,415,593 |
Insiders
19 insiders reported holding 4,669,217 shares in total, about $86.1M at the last price.
| Holder | Shares |
|---|---|
| Pagliuca Stephen GDirector | 1,388,912 |
| Chidsey JohnPresident and CEO, Director | 1,139,940 |
| Kempa MarkEVP & CFO | 480,514 |
| Farkas Daniel SEVP GC, CDO & Sec'y | 424,037 |
| Dahlgren PatrikSee Remarks | 240,528 |
| Ashby Faye L.SVP & Chief Accounting Officer | 152,082 |
| Byng-Thorne ZillahDirector | 125,55325,742 held indirectly |
| David StellaDirector | 116,643 |
| Montague JasonChief Luxury Officer | 102,940 |
| Cil Jose E.Director | 99,04574,295 held indirectly |
Questions about NCLH
What does Norwegian Cruise Line Holdings Ltd. do?
Norwegian Cruise Line Holdings Ltd. is a company in the Consumer discretionary sector, listed on NYSE as NCLH. Its shares trade on NYSE under the ticker NCLH.
What is Norwegian Cruise Line Holdings Ltd.'s net worth?
Norwegian Cruise Line Holdings Ltd. has a market value (market cap) of $8.5B at the latest share price, and shareholders' equity of $3.1B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Norwegian Cruise Line Holdings Ltd. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $832.9M on revenue of $10.2B, a net margin of 8.2%.
How much revenue does Norwegian Cruise Line Holdings Ltd. make?
Over the twelve months to September 30, 2026 Norwegian Cruise Line Holdings Ltd. reported revenue of $10.2B. That is 4.9% more than a year earlier.
When did Norwegian Cruise Line Holdings Ltd. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the material agreement from October 30, 2026.
When is Norwegian Cruise Line Holdings Ltd.'s next earnings report?
Norwegian Cruise Line Holdings Ltd.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Norwegian Cruise Line Holdings Ltd. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.