Viking Holdings (VIK) Net Margin (2023 - 2025)
Viking Holdings' (VIK) quarterly Net Margin came in at 17.99% in Q4 2025, up 985.0% year-on-year from 1.66% in Q4 2024, and down 31.83% on a QoQ basis from 26.4% in Q3 2025.
Viking Holdings (VIK) Net Margin (2023 - 2025) Analysis & Trends
Viking Holdings (VIK) has 3 years of Net Margin data on file, last reported at 17.99% in Q4 2025.
- On a quarterly basis, Net Margin rose 985.0% year-over-year to 17.99% in Q4 2025; TTM through Dec 2025 was 18.26%, a 1485.0% increase from a year earlier, with the FY2025 full-year figure at 18.26%, up 1476.0% from the prior year.
- Net Margin for Q4 2025 stood at 17.99%, down from 26.4% in the prior quarter.
- Over the last five years, Net Margin for VIK reached as high as 26.4% in Q3 2025 and fell as low as 82.17% in Q3 2023.
- Historically, Net Margin has averaged 10.25% across 3 years, with a median of 9.58% in 2024.
- On a YoY basis, Net Margin climbed as much as 10508 bps in 2024 and fell as far as 3471 bps in 2024.
- Year by year, Net Margin stood at 52.35% in 2023, then surged by 116 bps to 8.15% in 2024, then jumped by 121 bps to 17.99% in 2025.
- Per Business Quant data, the three most recent Net Margin figures were 17.99% in Q4 2025, 26.4% in Q3 2025, and 23.85% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 136.54 Bn | 120.51 Bn | 3.46 Bn | 19.58% |
| 2 | Royal Caribbean Cruises | 86.11 Bn | 85.59 Bn | 2.21 Bn | 21.34% |
| 3 | Airbnb | 82.27 Bn | 70.26 Bn | 2.10 Bn | 5.97% |
| 4 | Yatra Online | 55.46 Bn | 55.47 Bn | 10.44 Mn | -9.25% |
| 5 | Viking Holdings | 44.18 Bn | 40.37 Bn | 713.43 Mn | 17.99% |
| 6 | Carnival | 34.61 Bn | 32.38 Bn | - | 8.07% |
| 7 | Expedia | 31.38 Bn | 28.88 Bn | 3.05 Bn | -0.35% |
| 8 | Norwegian Cruise Line Holdings | 8.54 Bn | 8.35 Bn | 953.34 Mn | 4.49% |
| 9 | MakeMyTrip | 5.02 Bn | 4.60 Bn | 199.14 Mn | 9.69% |
| 10 | Global Business Travel | 4.83 Bn | 4.43 Bn | 490.00 Mn | 6.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 17.99% |
| Sep 30, 2025 | 26.40% |
| Jun 30, 2025 | 23.85% |
| Mar 31, 2025 | -11.05% |
| Dec 31, 2024 | 8.15% |
| Sep 30, 2024 | 22.91% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | -67.88% |
| Dec 31, 2023 | -52.35% |
| Sep 30, 2023 | -82.17% |
| Jun 30, 2023 | 13.33% |
| Mar 31, 2023 | -33.17% |