Viking Holdings (VIK) Cost of Revenue (2023 - 2025)
Viking Holdings' (VIK) quarterly Cost of Revenue came in at $1.0 billion in Q4 2025, up 22.92% year-on-year from $822.4 million in Q4 2024, and down 4.46% on a QoQ basis from $1.1 billion in Q3 2025.
Viking Holdings (VIK) Cost of Revenue (2023 - 2025) Analysis & Trends
Viking Holdings (VIK) has 3 years of Cost of Revenue data on file, last reported at $1.0 billion in Q4 2025.
- On a quarterly basis, Cost of Revenue rose 22.92% year-over-year to $1.0 billion in Q4 2025; TTM through Dec 2025 was $3.7 billion, a 18.3% increase from a year earlier, with the FY2025 full-year figure at $3.7 billion, up 18.3% from the prior year.
- Cost of Revenue for Q4 2025 stood at $1.0 billion, down from $1.1 billion in the prior quarter.
- Over the last five years, Cost of Revenue for VIK reached as high as $1.1 billion in Q3 2025 and fell as low as $476.5 million in Q1 2023.
- Historically, Cost of Revenue has averaged $804.1 million across 3 years, with a median of $837.9 million in 2023.
- Across the five-year window, Cost of Revenue rose 5.56% in 2024 and grew 22.92% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $699.5 million in 2023, then advanced by 17.57% to $822.4 million in 2024, then rose by 22.92% to $1.0 billion in 2025.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.0 billion in Q4 2025, $1.1 billion in Q3 2025, and $1.0 billion in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 147.33 Bn | 131.30 Bn | 3.46 Bn | 2.07 Bn |
| 2 | Airbnb | 87.74 Bn | 75.73 Bn | 2.10 Bn | 581.00 Mn |
| 3 | Royal Caribbean Cruises | 81.68 Bn | 80.95 Bn | 2.21 Bn | 2.25 Bn |
| 4 | Yatra Online | 56.40 Bn | 56.37 Bn | 10.44 Mn | 8.41 Mn |
| 5 | Viking Holdings | 45.64 Bn | 41.83 Bn | 713.43 Mn | 1.01 Bn |
| 6 | Carnival | 37.38 Bn | 35.13 Bn | - | - |
| 7 | Expedia | 33.93 Bn | 31.43 Bn | 3.05 Bn | 377.00 Mn |
| 8 | Trip.com | 29.12 Bn | 17.42 Bn | 1.86 Bn | 483.00 Mn |
| 9 | Norwegian Cruise Line Holdings | 9.10 Bn | 8.91 Bn | 953.34 Mn | 1.38 Bn |
| 10 | MakeMyTrip | 5.32 Bn | 4.90 Bn | 199.14 Mn | 50.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.01 Bn |
| Dec 31, 2025 | 1.01 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 1.02 Bn |
| Jun 30, 2025 | 1.02 Bn |
| Mar 31, 2025 | 593.66 Mn |
| Mar 31, 2025 | 593.66 Mn |
| Dec 31, 2024 | 822.44 Mn |
| Dec 31, 2024 | 822.44 Mn |
| Sep 30, 2024 | 909.12 Mn |
| Sep 30, 2024 | 909.12 Mn |
| Jun 30, 2024 | 878.60 Mn |
| Jun 30, 2024 | 878.60 Mn |
| Mar 31, 2024 | 503.93 Mn |
| Mar 31, 2024 | 503.93 Mn |
| Dec 31, 2023 | 699.52 Mn |
| Dec 31, 2023 | 699.52 Mn |
| Sep 30, 2023 | 843.43 Mn |
| Sep 30, 2023 | 843.43 Mn |