Viking Holdings (VIK) Gross Margin (2023 - 2026)
Viking Holdings' (VIK) quarterly Gross Margin came in at 45.5% in Q2 2026, down 20.0% year-over-year from 56.87% in Q2 2025, and up 33.29% quarter-over-quarter from 34.13% in Q1 2026.
Analysis
Viking Holdings (VIK) Gross Margin (2023 - 2026) Analysis & Trends
Viking Holdings (VIK) has reported Gross Margin for 4 consecutive years, with 45.5% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin fell 20.0% year-over-year to 45.5% in Q2 2026; TTM through Jun 2026 was 43.21%, a 85.0% increase from a year earlier, with the FY2025 full-year figure at 43.34%, up 172.0% from the prior year.
- Gross Margin was 45.5% for Q2 2026 at Viking Holdings, up from 34.13% in the prior quarter.
- Over five years, Gross Margin peaked at 47.08% in Q3 2025 and troughed at 24.25% in Q1 2023.
- A 4-year average of 39.68% and a median of 42.08% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin jumped 558 bps in 2024 and dropped 20 bps in 2026, its largest moves.
- Over 4 years, Gross Margin stood at 37.54% in 2023, then increased by 4 bps to 39.07% in 2024, then climbed by 6 bps to 41.37% in 2025, then climbed by 10 bps to 45.5% in 2026.
- The last three Gross Margin figures came in at 45.5% (Q2 2026), 34.13% (Q1 2026), and 41.37% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 47.29% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 45.50% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | - |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 39.91% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 48.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 45.50% |
| Mar 31, 2026 | 34.13% |
| Dec 31, 2025 | 41.37% |
| Sep 30, 2025 | 47.08% |
| Jun 30, 2025 | 45.70% |
| Mar 31, 2025 | 33.82% |
| Dec 31, 2024 | 39.07% |
| Sep 30, 2024 | 45.85% |
| Jun 30, 2024 | 44.65% |
| Mar 31, 2024 | 29.83% |
| Dec 31, 2023 | 37.54% |
| Sep 30, 2023 | 44.02% |
| Jun 30, 2023 | 42.79% |
| Mar 31, 2023 | 24.25% |