VIK (Viking Holdings Ltd) Stock Financials & Earnings | Market Cap Arena

VIK (Viking Holdings Ltd) Stock Financials & Earnings | Market Cap Arena

VIKViking Holdings Ltd

Mkt Cap$32B

Consumer Cyclical·Travel Services·🇧🇲 Bermuda·NYSE

Revenue (TTM)$6.5B

Net Income (TTM)$1.1B

EPS (TTM)$2.57

Free Cash Flow (TTM)$1.5B

Gross Margin39.0%

Op. Margin23.1%

Net Margin17.7%

FCF Margin23.5%

P/S Ratio (TTM)4.9x

P/E Ratio (TTM)28.0x

YoY Rev Growth+21.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$629M	$90M	-$116M
Q2 23	$1.5B	$559M	$363M
Q3 23	$1.5B	$601M	$412M
Q4 23	$1.1B	$358M	$158M
Q1 24	$718M	$149M	-$70M
Q2 24	$1.6B	$648M	$427M
Q3 24	$1.7B	$709M	$490M
Q4 24	$1.3B	$455M	$231M
Q1 25	$897M	$235M	-$9M
Q2 25	$1.9B	$794M	$546M
Q3 25	$2.0B	$872M	$605M
Q4 25	$1.7B	$633M	$361M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	—	—
Q2 23	—	—
Q3 23	7.2x	—
Q4 23	6.8x	—
Q1 24	6.7x	—
Q2 24	6.5x	—
Q3 24	6.3x	—
Q4 24	6.0x	229.5x
Q1 25	5.8x	60.8x
Q2 25	5.5x	39.6x
Q3 25	5.3x	33.8x
Q4 25	4.9x	28.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$225M	$99M
Q2 23	$588M	$194M
Q3 23	$454M	$395M
Q4 23	$104M	$7M
Q1 24	$348M	$252M
Q2 24	$420M	$218M
Q3 24	$829M	$715M
Q4 24	$371M	-$180M
Q1 25	$588M	$442M
Q2 25	$471M	-$197M
Q3 25	$664M	$609M
Q4 25	$833M	$675M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$126M
Q2 23	$395M
Q3 23	$59M
Q4 23	$97M
Q1 24	$95M
Q2 24	$156M
Q3 24	$114M
Q4 24	$550M
Q1 25	$146M
Q2 25	$668M
Q3 25	$55M
Q4 25	$158M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	+27.1%	+12.6%
Q1 24	+14.2%	+5.9%
Q2 24	+9.1%	+6.3%
Q3 24	+11.4%	+8.6%
Q4 24	+20.5%	+16.4%
Q1 25	+24.9%	+14.9%
Q2 25	+18.5%	+15.0%
Q3 25	+19.1%	+17.3%
Q4 25	+27.8%	+21.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	1.1%
Q2 23	$5M	0.4%
Q3 23	$3M	0.2%
Q4 23	$3M	0.3%
Q1 24	$4M	0.5%
Q2 24	$4M	0.2%
Q3 24	$3M	0.2%
Q4 24	$4M	0.3%
Q1 25	$14M	1.6%
Q2 25	$22M	1.2%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	S&M	SG&A
Q1 23	—	$206M
Q2 23	—	$196M
Q3 23	—	$188M
Q4 23	—	$199M
Q1 24	—	$220M
Q2 24	—	$221M
Q3 24	—	$219M
Q4 24	—	$225M
Q1 25	—	$244M
Q2 25	—	$248M
Q3 25	$267M	—
Q4 25	—	$272M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$1.3B	$945K	$1.3B
Q1 23	$0	$2.5B	$2.5B
Q3 23	$1.7B	$0	$1.7B
Q4 23	$1.5B	$20M	$1.5B
Q1 24	$1.7B	$0	$1.7B
Q2 24	$1.8B	$0	$1.8B
Q3 24	$2.4B	$0	$2.4B
Q4 24	$2.3B	$0	$2.3B
Q1 25	$2.8B	$0	$2.8B
Q2 25	$2.4B	$11M	$2.5B
Q3 25	$3.0B	$10M	$3.0B
Q4 25	$3.8B	$0	$3.8B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	431M	+0.0%
Q2 23	431M	+0.0%
Q3 23	431M	+0.0%
Q4 23	431M	+0.0%
Q1 24	222M	-48.6%
Q2 24	367M	+65.4%
Q3 24	436M	+18.6%
Q4 24	440M	+1.0%
Q1 25	443M	+0.7%
Q2 25	446M	+0.6%
Q3 25	443M	-0.5%
Q4 25	447M	+0.8%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$444K	12K
FY 25	$500K	13K