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
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