Viking Holdings (VIK) Cost of Revenue (2023 - 2025)
Viking Holdings (VIK) reported Cost of Revenue of $1.0 billion for Q4 2025, up 22.92% year-over-year from $822.4 million in Q4 2024, and down 4.46% quarter-over-quarter 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.
- Cost of Revenue for Q4 2025 came in at $1.0 billion, up 22.92% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.7 billion (up 18.3% YoY), and the FY2025 annual result was $3.7 billion, up 18.3% from the prior year.
- Cost of Revenue declined to $1.0 billion in Q4 2025 per VIK's latest filing, from $1.1 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q3 2025 and troughed at $476.5 million in Q1 2023.
- A 3-year average of $804.1 million and a median of $837.9 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue advanced 5.56% in 2024, then rose 22.92% in 2025.
- A 3-year view of Cost of Revenue shows it stood at $699.5 million in 2023, then increased by 17.57% to $822.4 million in 2024, then climbed by 22.92% to $1.0 billion in 2025.
- Business Quant data shows VIK's Cost of Revenue at $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 | 131.01 Bn | 114.99 Bn | 3.46 Bn | 2.07 Bn |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 581.00 Mn |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 2.25 Bn |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | - |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 377.00 Mn |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 1.38 Bn |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | 126.00 Mn |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 35.00 Mn |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 463.00 Mn |
| 10 | Viking Holdings | 405.54 Mn | -3.40 Bn | 713.43 Mn | 1.01 Bn |
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 |