FINHUB Insights

NCLH · Q1 FY26 · Mar 31, 2026

Norwegian Cruise Line Q1 FY26: where the revenue came from and where it went

Norwegian Cruise Line Q1 FY26: revenue $2.3B (+10% year over year). Net profit $0.1B. Largest cohort Passenger $1.5B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 31, 2026
Reported
May 4, 2026 10-Q
Sankey diagram of Norwegian Cruise Line's income statement for Q1 FY26: revenue of $2.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.3B +10% year over year
Gross profit$1B 41% margin
Operating profit$0.2B 10% margin
Net profit$0.1B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 2.3 100% +10%
Passenger 1.5 65% +9%
Onboard and Other 0.8 35% +11%
Cost of revenue−1.461%
Gross profit141% margin+2pp
SG&A−0.420%+1pp
Other−0.311%+0pp
Operating profit0.210% margin+1pp
Interest & other costs−0.1
Net profit0.14%+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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