Norwegian Cruise Line Q3 FY25: where the revenue came from and where it went
The whole income statement of Norwegian Cruise Line for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Nov 4, 2025
Revenue$2.94B
+5% year over year
Gross profit$1.38B
47% margin
Operating profit$0.75B
26% margin
Net profit$0.42B
14% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.94 | 100% | +5% |
| Passenger | 2.05 | 70% | +5% |
| Onboard & other | 0.89 | 30% | +3% |
| Cost of revenue | −1.56 | 53% | |
| Gross profit | 1.38 | 47% margin | +2pp |
| SG&A | −0.38 | 13% | +0pp |
| Other | −0.25 | 9% | +0pp |
| Operating profit | 0.75 | 26% margin | +1pp |
| Interest & other costs | −0.33 | ||
| Net profit | 0.42 | 14% margin | −3pp |
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