VIK on NYSE
Viking Holdings Ltd
Viking was founded in 1997 with four river vessels and a simple vision that travel could be more destination-focused and culturally immersive.5 From its latest annual report
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Last updated Oct 19, 2026.
Overview
- TickerVIK on NYSE2
- IndustryWater Transportation2
- HeadquartersPembroke, Bermuda2
- Incorporated inBermuda4
- Business address5700 Canoga Avenue, Suite 200, Woodland Hills, Ca 913674
- Filer categoryLarge accelerated filer4
- Legal formExempted Companies Limited by Shares2
- LEI52990032GOPN7BVQMN132
- StatusActive2
- LEI statusIssued and current2
- Registered address94 Pitts Bay Road, HM 08 Pembroke, Bermuda2
- Registered withRegistrar of Companies (Ministry of Economic Development), 444262
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Viking was founded in 1997 with four river vessels and a simple vision that travel could be more destination-focused and culturally immersive. Today, we have grown into one of the world’s leading travel companies, with a fleet of 103 small, state-of-the-art ships, which we view as floating hotels. From our iconic journeys on the world’s great rivers, including our Mississippi River itineraries, to our ocean voyages around the globe and our extraordinary expeditions to the ends of the earth, we offer meaningful travel experiences on all seven continents in all three categories of the cruise industry—river, ocean and expedition cruising.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenue | $6.5B | $5.3B | $4.7B |
| Total cruise operating expenses | -$3.7B | -$3.1B | -$2.9B |
| Selling and administration | -$1.0B | -$883.9M | -$789.0M |
| Depreciation, amortization and impairment | -$284.8M | -$260.8M | -$253.7M |
| Total other operating expenses | -$1.3B | -$1.1B | -$1.0B |
| Operating income | $1.5B | $1.1B | $816.0M |
| Interest income | $84.9M | $69.4M | $48.0M |
| Interest expense | -$362.6M | -$380.5M | -$528.1M |
| Currency (loss) gain | -$56.1M | $31.5M | -$20.8M |
| Private Placement derivative loss | $0 | -$364.2M | -$2.0B |
| Other financial income (loss) | $13.0K | -$261.4M | -$151.5M |
| Income (loss) before income taxes | $1.2B | $169.8M | -$1.8B |
| Income tax expense | -$19.7M | -$16.9M | -$6.6M |
| Net income (loss) | $1.1B | $153.0M | -$1.9B |
| Net income (loss) attributable to Viking Holdings Ltd | $1.1B | $152.3M | -$1.9B |
| Net income attributable to non-controlling interests | $525.0K | $646.0K | $476.0K |
| Basic | 443.5M shares | 364.0M shares | 221.9M shares |
| Diluted | 446.4M shares | 366.7M shares | 221.9M shares |
| Basic | $2.59 | $0.36 | -$4.42 |
| Diluted | $2.57 | $0.36 | -$4.42 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2024-04-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Property, plant and equipment and intangible assets | $7.3B | $6.5B | |||
| Right-of-use assets | $278.8M | $263.4M | $268.8M | ||
| Deferred tax assets | $55.2M | $55.4M | |||
| Other non-current assets | $140.6M | $128.2M | |||
| Total non-current assets | $7.7B | $6.9B | |||
| Cash and cash equivalents | $3.8B | $2.5B | $1.5B | $1.3B | |
| Accounts and other receivables | $142.0M | $239.0M | |||
| Inventories | $95.8M | $91.5M | |||
| Prepaid expenses and other current assets | $461.2M | $396.4M | |||
| Total current assets | $4.5B | $3.2B | |||
| Total assets | $12.2B | $10.1B | |||
| Share capital | $4.5M | $4.5M | |||
| Share premium | $5.0B | $5.0B | |||
| Treasury shares | -$124.1M | -$124.1M | |||
| Other paid-in equity | $311.2M | $213.3M | |||
| Other components of equity | $36.1M | -$36.1M | |||
| Retained losses | -$4.2B | -$5.3B | |||
| Equity attributable to shareholders of Viking Holdings Ltd | $1.1B | -$222.7M | |||
| Non-controlling interests | $27.6M | $3.8M | |||
| Total shareholders' equity | $1.1B | -$219.0M | -$5.3B | -$3.4B | |
| Long-term debt | $5.1B | $4.9B | |||
| Private Placement liability | $1.4B | ||||
| Private Placement derivative | $3.0B | ||||
| Long-term portion of lease liabilities | $212.4M | $207.6M | |||
| Other non-current liabilities | $54.3M | $45.3M | |||
| Total non-current liabilities | $5.4B | $5.1B | |||
| Accounts payables | $259.0M | $236.4M | |||
| Current portion of long-term debt | $374.6M | $469.8M | |||
| Short-term portion of lease liabilities | $26.5M | $28.9M | |||
| Deferred revenue | $4.6B | $4.1B | |||
| Accrued expenses and other current liabilities | $452.0M | $424.1M | |||
| Total current liabilities | $5.7B | $5.2B | |||
| Total shareholders' equity and liabilities | $12.2B | $10.1B |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-04-30 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Property, plant and equipment and intangible assets | $7.3B | $6.5B | |||
| Right-of-use assets | $278.8M | $263.4M | $268.8M | ||
| Deferred tax assets | $55.2M | $55.4M | |||
| Other non-current assets | $140.6M | $128.2M | |||
| Total non-current assets | $7.7B | $6.9B | |||
| Cash and cash equivalents | $3.8B | $2.5B | $1.5B | $1.3B | |
| Accounts and other receivables | $142.0M | $239.0M | |||
| Inventories | $95.8M | $91.5M | |||
| Prepaid expenses and other current assets | $461.2M | $396.4M | |||
| Total current assets | $4.5B | $3.2B | |||
| Total assets | $12.2B | $10.1B | |||
| Share capital | $4.5M | $4.5M | |||
| Share premium | $5.0B | $5.0B | |||
| Treasury shares | -$124.1M | -$124.1M | |||
| Other paid-in equity | $311.2M | $213.3M | |||
| Other components of equity | $36.1M | -$36.1M | |||
| Retained losses | -$4.2B | -$5.3B | |||
| Equity attributable to shareholders of Viking Holdings Ltd | $1.1B | -$222.7M | |||
| Non-controlling interests | $27.6M | $3.8M | |||
| Total shareholders' equity | $1.1B | -$219.0M | -$5.3B | -$3.4B | |
| Long-term debt | $5.1B | $4.9B | |||
| Private Placement liability | $1.4B | ||||
| Private Placement derivative | $3.0B | ||||
| Long-term portion of lease liabilities | $212.4M | $207.6M | |||
| Other non-current liabilities | $54.3M | $45.3M | |||
| Total non-current liabilities | $5.4B | $5.1B | |||
| Accounts payables | $259.0M | $236.4M | |||
| Current portion of long-term debt | $374.6M | $469.8M | |||
| Short-term portion of lease liabilities | $26.5M | $28.9M | |||
| Deferred revenue | $4.6B | $4.1B | |||
| Accrued expenses and other current liabilities | $452.0M | $424.1M | |||
| Total current liabilities | $5.7B | $5.2B | |||
| Total shareholders' equity and liabilities | $12.2B | $10.1B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $1.1B | $153.0M | -$1.9B |
| Depreciation, amortization and impairment | $284.8M | $260.8M | $253.7M |
| Amortization of debt transaction costs | $31.7M | $31.7M | $38.4M |
| Loss on prepayment and modifications of debt | $17.2M | $0 | $48.1M |
| Private Placement derivative loss | $0 | $364.2M | $2.0B |
| Foreign currency loss (gain) on debt | $73.2M | -$37.8M | $11.3M |
| Non-cash financial loss (gain) | -$2.8M | $258.6M | $161.2M |
| Share based compensation expense | $88.5M | $14.1M | $17.9M |
| Interest income | -$84.9M | -$69.4M | -$48.0M |
| Interest expense | $313.7M | $348.8M | $441.6M |
| Other | -$1.0K | -$443.0K | -$3.5M |
| Increase in deferred revenue | $543.8M | $574.8M | $167.4M |
| Changes in other liabilities and assets | $125.2M | $196.3M | $126.3M |
| Increase in inventories | -$4.3M | -$36.6M | -$9.2M |
| Changes in deferred tax assets and liabilities | $11.9M | $9.2M | -$427.0K |
| Changes in other non-current assets and other non-current liabilities | $20.3M | $19.4M | $15.3M |
| Income taxes paid | -$6.1M | -$4.8M | -$5.7M |
| Net cash flow from operating activities | $2.6B | $2.1B | $1.4B |
| Investments in property, plant and equipment and intangible assets | -$1.0B | -$917.4M | -$673.9M |
| Capital contribution to associated company | -$6.5M | -$8.5M | -$7.0M |
| Prepayment for vessel charter | $0 | $0 | -$2.4M |
| Interest received | $83.6M | $71.8M | $45.6M |
| Other | $245.0K | $443.0K | $3.5M |
| Net cash flow used in investing activities | -$949.5M | -$853.7M | -$634.2M |
| Repayment of long-term debt | -$2.0B | -$308.8M | -$963.8M |
| Proceeds from long-term debt | $2.1B | $401.0M | $1.1B |
| Transaction costs incurred for long-term debt | -$66.0M | -$46.7M | -$51.3M |
| Proceeds from initial public offering, net of underwriting discounts and commissions, and offering expenses | $0 | $243.9M | $0 |
| Taxes paid related to net share settlement of equity awards | $0 | -$124.1M | $0 |
| Dividend distribution | $0 | -$18.2M | -$49.3M |
| Proceeds from issuance of ordinary shares from equity plans | $22.3M | $12.3M | $0 |
| Penalties paid for early extinguishment of debt | $0 | $0 | -$33.0M |
| Principal payments for lease liabilities | -$39.5M | -$30.7M | -$20.6M |
| Interest payments for lease liabilities | -$19.0M | -$20.9M | -$22.8M |
| Interest paid | -$314.2M | -$355.1M | -$407.8M |
| Other | -$867.0K | -$633.0K | -$343.0K |
| Net cash flow used in financing activities | -$306.0M | -$247.9M | -$479.7M |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes, Total | $1.3B | $980.4M | $257.5M |
| Effect of exchange rate changes on cash and cash equivalents | $9.4M | -$4.4M | $3.1M |
| Net increase (decrease) in cash and cash equivalents | $1.3B | $976.0M | $260.6M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Viking Holdings Ltd, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerLeah Talactac Jun 3, 2026 to now7
- PresidentLeah Talactac Mar 18, 2026 to now8
- Chief financial officerLeah Talactac Mar 18, 2026 to Jun 3, 20268
- Chief financial officerLinh Banh Jun 3, 2026 to now9
Board members and other officers (13)
- EVP, Group OperationsAnton Hofmann Mar 18, 2026 to now10
- EVP, Business DevelopmentJeffrey Dash Mar 18, 2026 to now11
- EVP, ProductKarine Hagen Mar 18, 2026 to now12
- EVP, FinanceLinh Banh Mar 18, 2026 to now13
- EVP, SalesMilton Hugh Mar 18, 2026 to now14
- EVP, MarketingRichard Marnell Mar 18, 2026 to now15
- Board memberJack Weingart Mar 18, 2026 to now16
- Board memberKarine Hagen Mar 18, 2026 to now12
- Board memberMorten Garmann Mar 18, 2026 to now17
- Board memberPat Louis Naccarato Mar 18, 2026 to now18
- Board memberPaul Hackwell Mar 18, 2026 to now19
- Board memberRichard David Fear Mar 18, 2026 to now20
- Board memberTore Myrholt Mar 18, 2026 to now21
Timeline
Filings
182 filings to the SEC since October 2021: 2 annual reports, 28 insider forms, 19 large holders, 133 other. The latest 20:
- Sep 15, 20264 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 11, 20266-K EDGAR
- Aug 24, 2026144 EDGAR
- Aug 19, 20266-K EDGAR
- Aug 19, 20266-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 2026SCHEDULE 13G EDGAR
- Jun 17, 20264 EDGAR
- Jun 16, 20264 EDGAR
- Jun 15, 2026144 EDGAR
- Jun 12, 2026144 EDGAR
- Jun 12, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 9, 2026144 EDGAR
- Jun 8, 2026144 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
The 182 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
17 open-market trades by officers, directors and large owners since October 2021: 0 buys and 17 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | Hugh MiltonEVP, Sales | Sale | 20,000 | $85.57 | $1.7M | Form 4 |
| Jun 16, 2026 | Marnell RichardEVP, Marketing | Sale | 159 | $94.67 | $15.1K | Form 4 |
| Jun 15, 2026 | Hofmann AntonEVP, Group Operations | Sale | 94,276 | $95.33 | $9.0M | Form 4 |
| Jun 15, 2026 | Marnell RichardEVP, Marketing | Sale | 6,120 | $94.30 | $577.1K | Form 4 |
| Jun 12, 2026 | Marnell RichardEVP, Marketing | Sale | 11,287 | $92.85 | $1.0M | Form 4 |
| Jun 10, 2026 | Hofmann AntonEVP, Group Operations | Sale | 5,956 | $91.00 | $542.0K | Form 4 |
| Jun 9, 2026 | Hofmann AntonEVP, Group Operations | Sale | 65,283 | $91.32 | $6.0M | Form 4 |
| Jun 8, 2026 | Hofmann AntonEVP, Group Operations | Sale | 120,000 | $89.24 | $10.7M | Form 4 |
| Jun 1, 2026 | Hugh MiltonEVP, Sales | Sale | 4,610 | $91.63 | $422.4K | Form 4 |
| Jun 1, 2026 | Talactac LeahPresident and CEO | Sale | 5,961 | $91.45 | $545.1K | Form 4 |
| Jun 1, 2026 | Banh LinhChief Financial Officer | Sale | 5,961 | $91.45 | $545.1K | Form 4 |
| Jun 1, 2026 | Marnell RichardEVP, Marketing | Sale | 5,961 | $91.45 | $545.2K | Form 4 |
| Jun 1, 2026 | Dash JeffreyEVP, Business Development | Sale | 621 | $91.11 | $56.6K | Form 4 |
| Jun 1, 2026 | Hofmann AntonEVP, Group Operations | Sale | 621 | $91.14 | $56.6K | Form 4 |
| Apr 14, 2026 | Dash JeffreyEVP, Business Development | Sale | 46,369 | $80.23 | $3.7M | Form 4 |
| Apr 8, 2026 | Dash JeffreyEVP, Business Development | Sale | 28,631 | $80.22 | $2.3M | Form 4 |
| Mar 25, 2026 | Dash JeffreyEVP, Business Development | Sale | 25,000 | $75.15 | $1.9M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CANADA PENSION PLAN INVESTMENT BOARDSCHEDULE 13G/A, 7 filings Nov 14, 2024 to Aug 14, 202622
- FMR LLCSCHEDULE 13G, 1 filing Aug 6, 202623
- Capital Research Global InvestorsSCHEDULE 13G/A, 3 filings May 13, 2025 to Feb 12, 202624
- Select Equity Group, L.P.SCHEDULE 13G/A, 2 filings Feb 14, 2025 to Nov 14, 202525
- TPG GP A, LLCSCHEDULE 13G/A, 4 filings Nov 14, 2024 to Aug 14, 202526
- Viking Capital LtdSC 13D, 2 filings Nov 14, 2024 to Dec 2, 202427
Members of Congress who traded it
18 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Aug 25, 2026 | April McClain DelaneyDemocratic, House | Sale | $100,001 - $250,000 | +9.7% | Report |
| Aug 24, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $15,001 - $50,000 | +9.3% | Report |
| Aug 6, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +21.3% | Report |
| Aug 5, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +22.7% | Report |
| Aug 4, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +21.9% | Report |
| Aug 3, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +23.0% | Report |
| Jul 23, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +20.3% | Report |
| May 28, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +11.3% | Report |
| May 27, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +12.1% | Report |
| Apr 20, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +11.3% | Report |
| Apr 16, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +5.4% | Report |
| Feb 11, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +1.8% | Report |
| Feb 9, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | +2.2% | Report |
| Feb 3, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | −1.9% | Report |
| Jan 13, 2026 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | −6.2% | Report |
| Aug 13, 2025 | April McClain DelaneyDemocratic, House | Partial sale | $1,001 - $15,000 | −20.3% | Report |
| Mar 5, 2025 | April McClain DelaneyDemocratic, House | Buy | $1,001 - $15,000 | +43.2% | Report |
| Feb 17, 2025 | April McClain DelaneyDemocratic, House | Buy | $1,001 - $15,000 | +35.8% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARLeah Talactac, President
- 9SEC EDGARLinh Banh, Chief financial officer
- 10SEC EDGARAnton Hofmann, EVP, Group Operations
- 11
- 12SEC EDGARKarine Hagen, EVP, Product
- 13SEC EDGARLinh Banh, EVP, Finance
- 14SEC EDGARMilton Hugh, EVP, Sales
- 15SEC EDGARRichard Marnell, EVP, Marketing
- 16SEC EDGARJack Weingart, Board member
- 17SEC EDGARMorten Garmann, Board member
- 18SEC EDGARPat Louis Naccarato, Board member
- 19SEC EDGARPaul Hackwell, Board member
- 20SEC EDGARRichard David Fear, Board member
- 21SEC EDGARTore Myrholt, Board member
- 22
- 23
- 24
- 25
- 26
- 27