Viking Holdings (VIK) Operating Expenses (2023 - 2026)
Viking Holdings' (VIK) quarterly Operating Expenses came in at -$268.7 million in Q2 2026, down 8.21% year-over-year from -$292.7 million in Q2 2025, and up 1.3% quarter-over-quarter from -$272.2 million in Q1 2026.
Analysis
Viking Holdings (VIK) Operating Expenses (2023 - 2026) Analysis & Trends
Viking Holdings (VIK) has reported Operating Expenses for 4 consecutive years, with -$268.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses fell 8.21% year-over-year to -$268.7 million in Q2 2026; TTM through Jun 2026 was -$1.1 billion, a 15.43% decrease from a year earlier, with the FY2025 full-year figure at -$1.0 billion, down 16.67% from the prior year.
- Operating Expenses was -$268.7 million for Q2 2026 at Viking Holdings, up from -$272.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$188.3 million in Q3 2023 and troughed at -$272.2 million in Q1 2026.
- A 4-year average of -$231.8 million and a median of -$222.5 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses decreased 6.88% in 2024 and retreated 21.95% in 2025, its largest moves.
- Over 4 years, Operating Expenses stood at -$199.5 million in 2023, then decreased by 12.55% to -$224.5 million in 2024, then dropped by 21.18% to -$272.0 million in 2025, then increased by 1.24% to -$268.7 million in 2026.
- The last three Operating Expenses figures came in at -$268.7 million (Q2 2026), -$272.2 million (Q1 2026), and -$272.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 513.00 Mn |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | -268.67 Mn |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 4.23 Bn |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 690.41 Mn |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 187.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -268.67 Mn |
| Mar 31, 2026 | -272.21 Mn |
| Dec 31, 2025 | -272.04 Mn |
| Sep 30, 2025 | -267.04 Mn |
| Jun 30, 2025 | -248.29 Mn |
| Mar 31, 2025 | -243.86 Mn |
| Dec 31, 2024 | -224.50 Mn |
| Sep 30, 2024 | -218.98 Mn |
| Jun 30, 2024 | -220.59 Mn |
| Mar 31, 2024 | -219.82 Mn |
| Dec 31, 2023 | -199.47 Mn |
| Sep 30, 2023 | -188.25 Mn |
| Jun 30, 2023 | -195.65 Mn |
| Mar 31, 2023 | -205.67 Mn |