Viking Holdings (VIK) FCF Margin (2023 - 2025)
Viking Holdings (VIK) reported FCF Margin of 57.75% for Q4 2025, down 1049.0% year-over-year from 6.08% in Q4 2024, and up 60.71% quarter-over-quarter from 35.93% in Q3 2025.
Viking Holdings (VIK) FCF Margin (2023 - 2025) Analysis & Trends
Viking Holdings (VIK) has 3 years of FCF Margin data on file, last reported at 57.75% in Q4 2025.
- FCF Margin for Q4 2025 came in at 57.75%, down 1049.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 55.18% (down 106.0% YoY), and the FY2025 annual result was 55.18%, down 106.0% from the prior year.
- FCF Margin grew to 57.75% in Q4 2025 per VIK's latest filing, from 35.93% in the prior quarter.
- Over five years, FCF Margin peaked at 81.84% in Q1 2025 and troughed at 102.55% in Q4 2023.
- A 3-year average of 44.11% and a median of 56.98% in 2025 frame the typical range for FCF Margin.
- On a YoY basis, FCF Margin climbed as much as 17078 bps in 2024 and fell as far as 3118 bps in 2024.
- A 3-year view of FCF Margin shows it stood at 102.55% in 2023, then jumped by 167 bps to 68.23% in 2024, then slipped by 15 bps to 57.75% in 2025.
- Business Quant data shows VIK's FCF Margin at 57.75% in Q4 2025, 35.93% in Q3 2025, and 60.56% in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 131.01 Bn | 114.99 Bn | 3.46 Bn | 56.18% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 63.78% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 37.94% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 11.31% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | 109.37% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | -26.82% |
| 7 | Global Business Travel | 4.79 Bn | 4.35 Bn | 714.00 Mn | -6.19% |
| 8 | Travel & Leisure | 4.51 Bn | 4.25 Bn | 926.00 Mn | 1.98% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | - |
| 10 | Viking Holdings | 405.54 Mn | -3.40 Bn | 713.43 Mn | 57.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 57.75% |
| Sep 30, 2025 | 35.93% |
| Jun 30, 2025 | 60.56% |
| Mar 31, 2025 | 81.84% |
| Dec 31, 2024 | 68.23% |
| Sep 30, 2024 | 56.22% |
| Jun 30, 2024 | 36.30% |
| Mar 31, 2024 | 77.76% |
| Dec 31, 2023 | -102.55% |
| Sep 30, 2023 | 34.06% |
| Jun 30, 2023 | 67.49% |
| Mar 31, 2023 | 55.78% |