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Viking Holdings (VIK)
NYSE:VIK
Earnings Data
Report Date
Jun 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.24Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys a clearly positive operational and financial picture: record revenue, significant margin expansion, strong advanced bookings and high occupancy, robust liquidity, and deliberate fleet expansion and innovation (including a hydrogen-capable ship). Headwinds are present but limited in scale relative to strengths — temporary river shipyard delays, a small Egypt exposure with paused itineraries, fuel-price sensitivity, and substantial near-term capex needs. Management describes the disruptions as manageable and the booking momentum remains strong, supporting a favorable near-term outlook.Company Guidance
Record Revenue and Strong Top-Line Growth
Total revenue reached $6.5 billion in 2025, a 21.9% year-over-year increase, driven by higher capacity, occupancy and yields.
Robust Profitability Expansion
Adjusted EBITDA was nearly $1.9 billion, up 38.8% year-over-year; adjusted net income was $1.2 billion, up 43.9% year-over-year; Q4 adjusted EBITDA of $463 million increased 51.3% versus 2024 and Q4 adjusted EBITDA margin expanded to 41.8% (+663 bps).
Yield and Pricing Momentum
Consolidated net yields increased ~7.4% (company comment); Q4 net yield $546 (+7.7% YoY). River net yield $578 (+8.4% YoY) and Ocean net yield $572 (+9.7% YoY). Advanced bookings per PCD for ocean rose to $787 (vs $746 prior-year at same point); river advanced bookings per PCD averaged $906 (vs $841 prior-year).
Significant Capacity and Occupancy
Capacity increased 12% year-over-year overall; river capacity PCDs +6.5% and ocean capacity PCDs +17.9%. Annual occupancy was high: river 96% and ocean 95%.
Fleet Milestone and Innovation
Fleet surpassed 100 ships (89 river, 12 ocean, 2 expedition) in 2025, and Viking plans to operate the world's first ship capable of operating part-time on hydrogen (zero-emission operation for portions of service).
Strong Advanced Bookings and Forward Demand
As of 02/15/2026, Viking was 86% booked for the 2026 season with $6.0 billion of advanced bookings (+13% vs prior-year same point); ocean sold $2.7 billion (+16% YoY) and river sold $2.8 billion (+10% YoY).
Market Position and Guest Loyalty
Repeat guests comprised 54% of sailings; >50% of bookings were direct. Viking reported 52% share of the North American outbound river market and a 27% share of the luxury ocean market.
Strong Liquidity and Conservative Leverage
Cash and cash equivalents of $3.8 billion, an undrawn $1.0 billion revolver, net debt $2.1 billion and net leverage of 1.1x; deferred revenue totaled $4.6 billion and bond maturities are 2028 and beyond.
Order Book and Long-Term Growth Plans
Committed ship CapEx for 2026 is ~$1.4 billion ($500 million net of financing). Company added options for two ocean ships (2034) and committed to two more expedition ships (2030–2031), expanding planned capacity over the coming years.
VIK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VIK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 17, 2026 | $71.23 | $72.79 | +2.19% |
Nov 19, 2025 | $58.27 | $61.21 | +5.05% |
Aug 19, 2025 | $60.20 | $59.22 | -1.63% |
May 20, 2025 | $47.08 | $44.73 | -4.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Viking Holdings (VIK) report earnings?
Viking Holdings (VIK) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).
What is Viking Holdings (VIK) earnings time?
Viking Holdings (VIK) earnings time is at Jun 03, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VIK EPS forecast?
VIK EPS forecast for the fiscal quarter 2026 (Q1) is -0.13.