Viking Holdings (VIK) Operating Margin (2023 - 2026)
Viking Holdings' (VIK) quarterly Operating Margin came in at 29.4% in Q2 2026, up 38.0% year-over-year from 21.3% in Q2 2025, and up 2468.18% quarter-over-quarter from 1.14% in Q1 2026.
Analysis
Viking Holdings (VIK) Operating Margin (2023 - 2026) Analysis & Trends
Viking Holdings (VIK) has reported Operating Margin for 4 consecutive years, with 29.4% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 38.0% year-over-year to 29.4% in Q2 2026; TTM through Jun 2026 was 23.27%, a 163.0% increase from a year earlier, with the FY2025 full-year figure at 23.1%, up 294.0% from the prior year.
- Operating Margin was 29.4% for Q2 2026 at Viking Holdings, up from 1.14% in the prior quarter.
- Over five years, Operating Margin peaked at 30.24% in Q3 2025 and troughed at 18.42% in Q1 2023.
- A 4-year average of 15.78% and a median of 22.95% in 2023 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 887 bps in 2025 and jumped 38 bps in 2026, its largest moves.
- Over 4 years, Operating Margin stood at 14.09% in 2023, then grew by 21 bps to 17.11% in 2024, then grew by 22 bps to 20.91% in 2025, then jumped by 41 bps to 29.4% in 2026.
- The last three Operating Margin figures came in at 29.4% (Q2 2026), 1.14% (Q1 2026), and 20.91% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royal Caribbean Cruises | 71.23 Bn | 70.31 Bn | 2.29 Bn | 27.05% |
| 2 | Viking Holdings | 38.98 Bn | 34.99 Bn | 996.62 Mn | 29.40% |
| 3 | Carnival | 32.12 Bn | 29.88 Bn | - | 12.77% |
| 4 | Norwegian Cruise Line Holdings | 7.08 Bn | 6.86 Bn | 1.05 Bn | 13.76% |
| 5 | Lindblad Expeditions Holdings | 1.73 Bn | 1.37 Bn | 96.64 Mn | 6.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.40% |
| Mar 31, 2026 | 1.14% |
| Dec 31, 2025 | 20.91% |
| Sep 30, 2025 | 30.24% |
| Jun 30, 2025 | 29.01% |
| Mar 31, 2025 | -1.03% |
| Dec 31, 2024 | 17.11% |
| Sep 30, 2024 | 29.13% |
| Jun 30, 2024 | 26.86% |
| Mar 31, 2024 | -9.90% |
| Dec 31, 2023 | 14.09% |
| Sep 30, 2023 | 27.36% |
| Jun 30, 2023 | 24.98% |
| Mar 31, 2023 | -18.42% |