FINHUB Insights

NCLH · Q3 FY25 · Jul 1 – Sep 30, 2025

Norwegian Cruise Line Q3 FY25: where the revenue came from and where it went

Norwegian Cruise Line Q3 FY25: revenue $2.9B (+5% year over year). Net profit $0.4B. Largest cohort Passenger $2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Nov 4, 2025 10-Q
Sankey diagram of Norwegian Cruise Line's income statement for Q3 FY25: revenue of $2.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.9B +5% year over year
Gross profit$1.4B 47% margin
Operating profit$0.7B 26% margin
Net profit$0.4B 14% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 2.9 100% +5%
Passenger 2 69% +5%
Onboard and Other 0.9 31% +3%
Cost of revenue−1.655%
Gross profit1.447% margin+2pp
SG&A−0.413%+0pp
Other−0.39%+0pp
Operating profit0.726% margin+1pp
Interest & other costs−0.3
Net profit0.414%−3pp
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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