Viking Holdings (VIK) Operating Income (2023 - 2025)
Viking Holdings (VIK) posted quarterly Operating Income of $360.6 million for Q4 2025, up 56.12% year-over-year from $230.9 million in Q4 2024, and down 40.38% quarter-over-quarter from $604.7 million in Q3 2025.
Viking Holdings (VIK) Operating Income (2023 - 2025) Analysis & Trends
Viking Holdings (VIK) has reported Operating Income for 3 consecutive years, with $360.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income rose 56.12% year-over-year to $360.6 million; the TTM figure through Dec 2025 stood at $1.5 billion (up 39.67% YoY), while the FY2025 annual figure was $1.5 billion, up 39.67% from the prior year.
- Operating Income slipped to $360.6 million in Q4 2025 per VIK's latest filing, from $604.7 million in the prior quarter.
- Across five years, Operating Income topped out at $851.6 million in Q3 2023 and bottomed at -$115.9 million in Q1 2023.
- Historically, Operating Income has averaged $395.9 million across 3 years, with a median of $457.6 million in 2024.
- Annual changes were most pronounced in 2024 — Operating Income tumbled 62.74% — and 2025, when it surged 86.97%.
- Viking Holdings' Operating Income stood at $619.9 million in 2023, then sank by 62.74% to $230.9 million in 2024, then soared by 56.12% to $360.6 million in 2025.
- Business Quant data shows VIK's Operating Income at $360.6 million in Q4 2025, $604.7 million in Q3 2025, and $545.5 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Booking Holdings | 159.34 Bn | 142.12 Bn | 4.98 Bn | 2.50 Bn |
| 2 | Airbnb | 108.60 Bn | 96.53 Bn | 2.98 Bn | 758.00 Mn |
| 3 | Royal Caribbean Cruises | 81.57 Bn | 80.88 Bn | 2.29 Bn | 1.31 Bn |
| 4 | Viking Holdings | 44.18 Bn | 40.38 Bn | 713.43 Mn | 360.56 Mn |
| 5 | Carnival | 38.51 Bn | 36.29 Bn | - | 851.00 Mn |
| 6 | Expedia | 38.08 Bn | 30.96 Bn | 3.91 Bn | 800.00 Mn |
| 7 | Trip.com | 29.19 Bn | 17.73 Bn | 1.86 Bn | 572.00 Mn |
| 8 | Norwegian Cruise Line Holdings | 8.73 Bn | 8.51 Bn | 1.05 Bn | 363.33 Mn |
| 9 | MakeMyTrip | 5.85 Bn | 5.09 Bn | 212.91 Mn | 43.71 Mn |
| 10 | Global Business Travel | 4.94 Bn | 4.47 Bn | 514.00 Mn | 24.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 360.56 Mn |
| Sep 30, 2025 | 604.71 Mn |
| Jun 30, 2025 | 545.53 Mn |
| Mar 31, 2025 | -9.27 Mn |
| Dec 31, 2024 | 230.95 Mn |
| Sep 30, 2024 | 488.96 Mn |
| Jun 30, 2024 | 426.29 Mn |
| Mar 31, 2024 | -71.13 Mn |
| Dec 31, 2023 | 619.88 Mn |
| Sep 30, 2023 | 851.62 Mn |
| Jun 30, 2023 | 818.08 Mn |
| Mar 31, 2023 | -115.86 Mn |