NYSE$VIK
Viking Holdings Ltd · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Viking Q1 2026: revenue rises 17% to $1.05B as operating income turns positive at $12M
Viking Holdings reported Q1 2026 total revenue of $1,053.7 million, up 17% from $897.1 million a year ago, with cruise and land revenue of $971.8 million and onboard/other revenue of $82.0 million. Operating income was $12.1 million versus an operating loss of $9.3 million in Q1 2025, but net loss attributable to Viking was $54.4 million ($0.12 per share) as interest expense and other financial items offset the operating improvement. Cruise operating expenses rose to $694.1 million on higher activity. The filing comprised interim condensed consolidated financial statements for the quarter ended March 31, 2026 furnished on Form 6-K.
- Total revenue was $1,053.7M (+17% y/y), including cruise and land revenue of $971.8M and onboard/other of $82.0M.
- Operating income was $12.1M vs an operating loss of $9.3M in Q1 2025.
- Net loss attributable to Viking was $54.4M ($0.12 basic/diluted EPS) vs $105.5M loss a year ago.
- Cruise operating expenses totaled $694.1M; selling and administration was $272.2M.
- Interest expense was $76.9M, partially offset by $23.4M of interest income.
Headline financials
Revenue & EPS history
Viking Holdings Ltd · Revenue · Quarterly
$1.05B
Revenue by segment
Viking Holdings Ltd · $1.05B total across 2 segments · Q1 2026
- Cruise and land$972M—92.2%
- Onboard and other$82M—7.8%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports · overlaid with Q1 2026
-0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.9%
Avg return
30 days after
29%
2 / 7 earnings
Positive
+5.0%
Q3 2025
Best reaction
-6.1%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | -0.2% | — | |
| Q3 2025 | +5.0% | +9.4% | +25.7% | |
| Q2 2025 | -1.7% | +0.3% | +4.1% | |
| Q4 2024 | -6.1% | -5.5% | -8.2% | |
| Q3 2024 | -2.2% | -0.1% | -3.7% | |
| Q2 2024 | -2.2% | -2.9% | -5.5% | |
| Q1 2024 | -0.1% | +3.2% | +10.9% | |
| Q4 2023 | — | — | — | |
| Q3 2023 | — | — | — | |
| Q2 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — |
Discussion
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