FINHUB Insights

NCLH · Q2 FY25 · Apr 1 – Jun 30, 2025

Norwegian Cruise Line Q2 FY25: where the revenue came from and where it went

Norwegian Cruise Line Q2 FY25: revenue $2.5B (+6% year over year). Net profit $0B. Largest cohort Passenger $1.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 4, 2025 10-Q
Sankey diagram of Norwegian Cruise Line's income statement for Q2 FY25: revenue of $2.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.5B +6% year over year
Gross profit$1.1B 42% margin
Operating profit$0.4B 17% margin
Net profit$0B 1% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 2.5 100% +6%
Passenger 1.7 68% +7%
Onboard and Other 0.8 32% +5%
Cost of revenue−1.560%
Gross profit1.142% margin+3pp
SG&A−0.416%+1pp
Other−0.210%+0pp
Operating profit0.417% margin+2pp
Interest & other costs−0.4
Net profit01%−6pp
Filing on EDGAR More quarters of NCLH

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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