Viking Holdings (VIK) Net Margin (2023 - 2025)
Viking Holdings (VIK) reported Net Margin of 17.99% for Q4 2025, up 985.0% year-over-year from 1.66% in Q4 2024, and down 31.83% quarter-over-quarter 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.
- Net Margin for Q4 2025 came in at 17.99%, up 985.0% year-over-year; the trailing twelve-month figure through Dec 2025 was 18.26% (up 1476.0% YoY), and the FY2025 annual result was 18.26%, up 1476.0% from the prior year.
- Net Margin eased to 17.99% in Q4 2025 per VIK's latest filing, from 26.4% in the prior quarter.
- Over five years, Net Margin peaked at 26.4% in Q3 2025 and troughed at 82.43% in Q3 2023.
- A 3-year average of 10.25% and a median of 9.58% in 2024 frame the typical range for Net Margin.
- On a YoY basis, Net Margin climbed as much as 10563 bps in 2024 and fell as far as 3471 bps in 2024.
- A 3-year view of Net Margin shows it 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.
- Business Quant data shows VIK's Net Margin at 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 | 131.01 Bn | 114.99 Bn | 3.46 Bn | 19.58% |
| 2 | Airbnb | 79.86 Bn | 67.85 Bn | 2.10 Bn | 5.97% |
| 3 | Royal Caribbean Cruises | 75.60 Bn | 75.08 Bn | 2.21 Bn | 21.34% |
| 4 | Carnival | 37.80 Bn | 36.39 Bn | - | 4.27% |
| 5 | Expedia | 27.88 Bn | 22.09 Bn | 3.05 Bn | -0.35% |
| 6 | Norwegian Cruise Line Holdings | 8.56 Bn | 8.38 Bn | 953.34 Mn | 4.49% |
| 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 | 8.22% |
| 9 | Trip.com | 4.42 Bn | -788.25 Mn | 1.74 Bn | 12.06% |
| 10 | Viking Holdings | 405.54 Mn | -3.40 Bn | 713.43 Mn | 17.99% |
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 | 23.20% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | -67.88% |
| Dec 31, 2023 | -52.35% |
| Sep 30, 2023 | -82.43% |
| Jun 30, 2023 | 13.33% |
| Mar 31, 2023 | -33.17% |