Direct Answer
Norwegian Cruise Line Holdings reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Passenger is the largest, with $6.7 billion of revenue (68% of the total), followed by Onboard and Other at $3.1 billion (32%).
How Does Norwegian Cruise Line Holdings Make Money?
Passenger supplies 68% of revenue, so Norwegian Cruise Line Holdings's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Passenger grew fastest (+4.2%) and Onboard and Other slowest (+2.5%), so the revenue mix tilts toward Passenger while that gap lasts.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Passenger | $6.7 billion | $6.4 billion | 68.0% | 4.2% |
| Onboard and Other | $3.1 billion | $3.1 billion | 32.0% | 2.5% |
Where Does Norwegian Cruise Line Holdings's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| North America | $5.6 billion | $5.3 billion | 57.5% | 6.2% |
| Europe | $2.9 billion | $3.0 billion | 29.5% | -4.5% |
| Asia Pacific | $997 million | $779 million | 10.1% | 27.9% |
| Other Country | $283 million | $346 million | 2.9% | -18.3% |
What the Segment Figures Do Not Show
The rows above add up to 100% of Norwegian Cruise Line Holdings's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value Norwegian Cruise Line Holdings reported in the segment note and revenue disclosures of its Form 10-K filed March 2, 2026 (accession 0001104659-26-022067), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are Norwegian Cruise Line Holdings's main products and services?
In its fiscal 2025 Form 10-K, Norwegian Cruise Line Holdings reports revenue for Passenger and Onboard and Other.
Which part of Norwegian Cruise Line Holdings brings in the most revenue?
Passenger, with $6.7 billion of revenue in fiscal 2025, or 68% of the total.
Where does Norwegian Cruise Line Holdings report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed March 2, 2026, alongside management's discussion of each segment's results.