Viking Holdings VIK
NYSE VIK
$88.15 +2.34 (+2.73%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%