Viking Holdings Ltd.

VIK Consumer Cyclical Travel Services

Viking Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 billion, up 21.9% from fiscal 2024.

Revenue
+16.5%
EPS
+33.3%
Free cash flow
−75.6%
Total debt
+9.47%

Quarter to June 2026, against a year earlier

86.53 4.64 −5.09%
Market cap
$38.5B
P/E
28.6×
Fwd P/E
27.2×
Dividend yield
—
F-score
8/9
Altman Z
2.05
Beneish M
−3.32
Dividend safety
n/a

Viking Holdings Ltd. (VIK) Operating margin

Alert me on Operating margin

Viking Holdings Ltd.'s operating margin over the twelve months to 30 June 2026 was 23.3%, up 0.2 percentage points from fiscal 2025 (23.1%). That is above the Travel Services industry median of 15.6% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 23.1% 2.94
FY2024 20.2% 2.84
FY2023 17.3% 15.30
FY2022 2.02% —

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 29.4% 28.26
Mar 2026 1.14% (19.77)
Dec 2025 20.9% (9.33)
Sep 2025 30.2% 1.23
10 more quarters

Operating margin against peers

Company Operating margin
BKNG Booking Holdings Inc. compare 32.8%
RCL Royal Caribbean Cruises Ltd. compare 27.6%
VIK Viking Holdings Ltd. 23.3%
ABNB Airbnb, Inc. compare 22.5%
EXPE Expedia Group, Inc. compare 17.2%
TCOM Trip.com Group Limited Sponsored ADR compare 16.1%
CCL Carnival Corporation compare 16.0%
MMYT MakeMyTrip Limited compare 15.2%
NCLH Norwegian Cruise Line Holdings Ltd. compare 13.9%
Travel Services industry median 15.6%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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