Norwegian Cruise Line Q4 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
- Oct 1 – Dec 31, 2025
- Reported
- Mar 2, 2026
Revenue$2.24B
+6% year over year
Gross profit$0.92B
41% margin
Operating profit$0.19B
8% margin
Net profit$0.01B
1% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.24 | 100% | +6% |
| Passenger | 1.51 | 67% | +7% |
| Onboard & other | 0.73 | 33% | +5% |
| Cost of revenue | −1.32 | 59% | |
| Gross profit | 0.92 | 41% margin | +3pp |
| SG&A | −0.38 | 17% | +0pp |
| Other | −0.35 | 16% | +0pp |
| Operating profit | 0.19 | 8% margin | −2pp |
| Interest & other costs | −0.17 | ||
| Net profit | 0.01 | 1% margin | −11pp |
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