Viking Holdings (VIK) Cost of Revenue (2023 - 2026)
Viking Holdings' Cost of Revenue was $1.19 billion in the quarter ended Jun 30, 2026, up 16.9% from $1.02 billion a year earlier and up 72.0% from the prior quarter.
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Analysis
Viking Holdings (VIK) Cost of Revenue (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Viking Holdings' Cost of Revenue was $3.96 billion through Jun 30, 2026, up 18.3% year-over-year; for the year ended Dec 31, 2025, it came in at $3.68 billion, up 18.3% from the prior year.
- Cost of Revenue has now increased for three consecutive years, with a three-year compound annual growth rate of 19.6% (years ended Dec 2022 to Dec 2025).
- In earlier years, Cost of Revenue was $3.11 billion in the year ended Dec 31, 2024 (+9.2%), $2.85 billion in the year ended Dec 31, 2023 (+32.5%) and $2.15 billion in the year ended Dec 31, 2022.
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Cost of Revenue in data going back to the quarter ended Mar 31, 2023.
- Compared with a year earlier, Cost of Revenue has increased for ten straight quarters, with growth averaging 16.6% over the last eight quarters.
- The year-over-year growth in Cost of Revenue has ranged between 5.6% (the quarter ended Jun 30, 2024) and 22.9% (the quarter ended Dec 31, 2025) over the last five years.
- Per Business Quant data, VIK's Cost of Revenue in the three quarters before the quarter ended Jun 30, 2026 was $694.06 million (quarter ended Mar 31, 2026), $1.01 billion (quarter ended Dec 31, 2025) and $1.06 billion (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 5.52 Bn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 2.55 Bn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 266.00 Mn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | 1.19 Bn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | - |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | 466.00 Mn |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | 1.44 Bn |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | - |
| 10 | Atour Lifestyle Holdings | 8.08 Bn | 4.77 Bn | 493.22 Mn | 19.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.19 Bn |
| Mar 31, 2026 | 694.06 Mn |
| Dec 31, 2025 | 1.01 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 1.02 Bn |
| Mar 31, 2025 | 593.66 Mn |
| Dec 31, 2024 | 822.44 Mn |
| Sep 30, 2024 | 909.12 Mn |
| Jun 30, 2024 | 878.60 Mn |
| Mar 31, 2024 | 503.93 Mn |
| Dec 31, 2023 | 699.52 Mn |
| Sep 30, 2023 | 843.43 Mn |
| Jun 30, 2023 | 832.34 Mn |
| Mar 31, 2023 | 476.49 Mn |
API Access
Viking Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VIK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VIK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VIK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();