Viking Holdings stock price rises 3% due to better-than-expected Q4 performance

LootboxPhobia · 2026-03-03T17:37:33+00:00

Viking Holdings announced a Q4 earnings of $0.67 per share, revenue of $1.72 billion, a year-over-year increase of 27.8%. Adjusted net profit increased by 49.1% year-over-year. Full-year revenue for 2025 reached $6.5 billion, with net profit margin increasing by 7.4%. As of February 2026, bookings remain strong, with 86% of capacity sold.

LootboxPhobia

2026-03-03 17:37:33

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Los Angeles - Viking Holdings Ltd (NYSE:VIK) announced its fourth quarter adjusted earnings per share of $0.67, beating analyst expectations of $0.48 by $0.19. Revenue for the quarter reached $1.72 billion, up 27.8% from $1.35 billion a year earlier, mainly driven by increased capacity, higher occupancy rates, and growth in onboard revenue per passenger per day.

The company’s stock rose 2.98% in pre-market trading.

The net profit attributable to Viking Holdings for the quarter increased 49.1% to $297.7 million.

Adjusted EBITDA grew 51.3% year-over-year to $462.8 million. Capacity passenger cruise days increased 14.7% year-over-year, thanks to the addition of 6 river ships and 2 ocean ships, with an occupancy rate of 95.0%.

Viking Chairman and CEO Torstein Hagen stated, “In 2025, we delivered outstanding financial performance, with adjusted gross margin increasing by 22.6% and adjusted net profit rising 43.9% year-over-year to $1.1651 billion.”

For the full year 2025, Viking’s total revenue was $6.5 billion, a 21.9% increase year-over-year. Adjusted earnings per share were $2.61, and diluted earnings per share were $2.57. The full-year net profit margin increased by 7.4% to $583 million.

The company’s booking situation remains strong. As of February 15, 2026, Viking has sold 86% of its capacity passenger cruise days for 2026, with booked revenue of $5.96 billion, up 13% compared to the same period in 2025.

The average daily onboard booking amount per passenger for 2026 reached $859, a 6% increase.

Viking’s balance sheet has significantly improved. As of December 31, 2025, net leverage ratio decreased from 2.4x a year earlier to 1.1x. The company holds $3.8 billion in cash and cash equivalents and maintains a $1 billion undrawn revolving credit facility.

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