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
DateValue
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