NYSE$VIK
Viking Holdings Ltd · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Viking Holdings Ltd reported strong financial results in Q2 2025, driven by increased demand and expanded capacity.
Viking Holdings delivered a strong Q2 2025 with significant year-over-year growth in revenue and net income, supported by higher occupancy, increased pricing, and expanded fleet capacity.
Headline financials
Revenue & EPS history
Viking Holdings Ltd · Revenue · Quarterly
$1.88B
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%
Forward guidance
Viking expects continued growth driven by strong advance bookings, higher capacity, and new itineraries.
Tailwinds
- 96% of 2025 capacity already sold
- 55% of 2026 capacity already sold
- Advance bookings for 2025 up 21% YoY
- New ships added to the fleet
- New itineraries in India starting 2027
Headwinds
- Fuel costs remain a pressure point
- Higher vessel operating expenses due to fleet expansion
- Currency fluctuations impacting financials
- Interest expense remains high despite reductions
- Macroeconomic uncertainty could impact future bookings
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 Q2 2025
-0.6%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+5.0%
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% | +11.9% | |
| 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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