# Viking Holdings Ltd

Summary updated: 2026-10-02T10:48:21.398465Z
Canonical: https://finbar.com/research/companies/viking-holdings

## Overview

Viking Holdings Ltd is a luxury cruise and travel company offering river, ocean and expedition voyages under the Viking brand. Its itineraries span all seven continents, with a focus primarily on Europe and the Mediterranean. The company’s founding vision emphasizes destination-focused travel and cultural enrichment. [1](https://app.finbar.com/go?id=P149055179)[2](https://app.finbar.com/go?id=P149055189)[3](https://app.finbar.com/go?id=P149055191)

Founded in 1997 with four river vessels, Viking has since expanded into ocean and expedition cruising. It reported a fleet of 103 ships in its 2025 Form 20-F; total revenue for the first quarter of 2026 was $1.054 billion. [1](https://app.finbar.com/go?id=P149055179)[4](https://app.finbar.com/go?id=T4330079)
[1](https://app.finbar.com/go?id=P149055179)[2](https://app.finbar.com/go?id=P149055189)[3](https://app.finbar.com/go?id=P149055191)[4](https://app.finbar.com/go?id=T4330079)

## Products & services

Viking offers river, ocean and expedition cruises. Its river products include European Longships, designed with all-outside staterooms, al-fresco dining and capacity for 190 guests, as well as smaller vessels on routes including the Nile and Mekong. The company also operates the U.S.-flagged *Viking Mississippi* on the Mississippi River. [5](https://app.finbar.com/go?id=P149055200)[6](https://app.finbar.com/go?id=P149055201)[7](https://app.finbar.com/go?id=P149055357)

Viking Ocean operates smaller-format ships carrying fewer than 1,000 passengers, with a majority of itineraries in Northern Europe and the Mediterranean. Onboard features include veranda staterooms, restaurants, a Nordic-inspired spa, Explorer’s Lounge and a curated library; the company states that ocean guests spend an average of more than 10 hours in port per day. [8](https://app.finbar.com/go?id=P149055203)[9](https://app.finbar.com/go?id=P149055204)[10](https://app.finbar.com/go?id=P149055205)[11](https://app.finbar.com/go?id=P149055206)

Viking Expedition voyages serve destinations including the Arctic, Antarctica, the Great Lakes and Canada. The *Viking Polaris* and *Viking Octantis* each accommodate 378 guests and feature onboard laboratories, an auditorium, an in-ship marina and specialist exploration equipment; the expedition program also includes daily briefings, lectures and fieldwork. [12](https://app.finbar.com/go?id=P149055207)[13](https://app.finbar.com/go?id=P149055208)[14](https://app.finbar.com/go?id=P149055212)

Viking describes its cruise offering as all-inclusive, with one shore excursion included in every port and Wi-Fi, alternative restaurants, and beer and wine at lunch and dinner included. Optional shore excursions, bar revenue and shop sales are among the offerings categorized as onboard and other revenue. [3](https://app.finbar.com/go?id=P149055191)[15](https://app.finbar.com/go?id=P149055407)[16](https://app.finbar.com/go?id=P149056174)
[5](https://app.finbar.com/go?id=P149055200)[6](https://app.finbar.com/go?id=P149055201)[7](https://app.finbar.com/go?id=P149055357)[8](https://app.finbar.com/go?id=P149055203)[9](https://app.finbar.com/go?id=P149055204)[10](https://app.finbar.com/go?id=P149055205)[11](https://app.finbar.com/go?id=P149055206)[12](https://app.finbar.com/go?id=P149055207)[13](https://app.finbar.com/go?id=P149055208)[14](https://app.finbar.com/go?id=P149055212)[3](https://app.finbar.com/go?id=P149055191)[15](https://app.finbar.com/go?id=P149055407)[16](https://app.finbar.com/go?id=P149056174)

## Geographic presence

As of December 31, 2025, Viking reported 89 river vessels, with its fleet classified across Europe, Egypt, Asia, Russia, Ukraine and the United States; its ocean and expedition vessels were classified as global. These fleet categories describe vessel allocation, not necessarily routes in operation at year-end. [17](https://app.finbar.com/go?id=P149056286)[7](https://app.finbar.com/go?id=P149055357)[18](https://app.finbar.com/go?id=T17104808) The company has also deployed the Viking Mississippi on the Mississippi River. [7](https://app.finbar.com/go?id=P149055357)

Viking’s reported revenue is organized by cruise product and language rather than by customer country or region, so the available reporting does not establish revenue shares by geography. [19](https://app.finbar.com/go?id=P149056524)[20](https://app.finbar.com/go?id=P149055441) Its principal executive office is in Pembroke, Bermuda; the filing also lists a Woodland Hills, California address for a contact person, not as an employee-distribution measure. [21](https://ir.viking.com/sec-filings/all-sec-filings/content/0001745201-26-000007/vik-20251231.htm)
[17](https://app.finbar.com/go?id=P149056286)[7](https://app.finbar.com/go?id=P149055357)[18](https://app.finbar.com/go?id=T17104808)[19](https://app.finbar.com/go?id=P149056524)[20](https://app.finbar.com/go?id=P149055441)[21](https://ir.viking.com/sec-filings/all-sec-filings/content/0001745201-26-000007/vik-20251231.htm)

## Business segments

Viking reports two reportable segments: River, which provides river cruises outside the United States to English-speaking passengers, and Ocean, which provides ocean cruises to English-speaking passengers. The company groups English-language expedition cruises, English-language Mississippi River cruises, and Viking Asia’s non-English-language cruises and China joint-venture investment under “Other”; Other is not a reportable segment. [19](https://app.finbar.com/go?id=P149056524)

For FY2025, approximate shares of total revenue were River 47.2%, Ocean 44.1%, and Other 8.7%. These percentages are calculated from the segment revenue figures in the company’s FY2025 reporting; Other is included to reconcile to total revenue. [22](https://app.finbar.com/go?id=T17104898)
[19](https://app.finbar.com/go?id=P149056524)[22](https://app.finbar.com/go?id=T17104898)[21](https://ir.viking.com/sec-filings/all-sec-filings/content/0001745201-26-000007/vik-20251231.htm)

## Company history

Viking was founded in 1997 by Torstein Hagen, beginning with four river vessels. In 2000, it expanded through the acquisition of KD River Cruises and opened a sales and marketing office in Los Angeles; in 2004, it entered China with Yangtze cruise tours and a purpose-built ship. [23](https://ir.viking.com/corporate-governance/board-of-directors) [24](https://www.vikingrivercruises.com/video/why-viking/25-years-of-exploration/play.html)

The company introduced its Longship river vessels in 2012 and entered ocean cruising in 2015 with its first ocean ship. [17](https://app.finbar.com/go?id=P149056286) [9](https://app.finbar.com/go?id=P149055204) In 2022, Viking expanded into Mississippi River cruising and launched its first Antarctica expedition season. [7](https://app.finbar.com/go?id=P149055357) [25](https://ir.viking.com/news-events/press-releases/detail/42/viking-expedition-team-publishes-first-scientific-paper-from-inaugural-antarctic-season)

Viking became publicly traded on the New York Stock Exchange in May 2024 under the symbol VIK. [26](https://ir.viking.com/news-events/press-releases/detail/148/viking-announces-pricing-of-upsized-initial-public-offering) In October 2025, it marked the milestone of 100 ships. [27](https://ir.viking.com/news-events/press-releases/detail/210/viking-celebrates-100-ships-around-the-world-with-ceremony-naming-nine-newest-river-ships-across-six-countries) In May 2026, Hagen became Executive Chairman and Leah Talactac became CEO. [28](https://ir.viking.com/news-events/press-releases/detail/231/viking-announces-ceo-transition-and-reports-first-quarter-2026-financial-results)
[17](https://app.finbar.com/go?id=P149056286)[9](https://app.finbar.com/go?id=P149055204)[7](https://app.finbar.com/go?id=P149055357)[23](https://ir.viking.com/corporate-governance/board-of-directors)[24](https://www.vikingrivercruises.com/video/why-viking/25-years-of-exploration/play.html)[25](https://ir.viking.com/news-events/press-releases/detail/42/viking-expedition-team-publishes-first-scientific-paper-from-inaugural-antarctic-season)[26](https://ir.viking.com/news-events/press-releases/detail/148/viking-announces-pricing-of-upsized-initial-public-offering)[27](https://ir.viking.com/news-events/press-releases/detail/210/viking-celebrates-100-ships-around-the-world-with-ceremony-naming-nine-newest-river-ships-across-six-countries)[28](https://ir.viking.com/news-events/press-releases/detail/231/viking-announces-ceo-transition-and-reports-first-quarter-2026-financial-results)

## Sources

1. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055179)
2. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055189)
3. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055191)
4. [Viking Holdings Ltd — Presentation (2026 Q 1), p20](https://app.finbar.com/go?id=T4330079)
5. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055200)
6. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055201)
7. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055357)
8. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055203)
9. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055204)
10. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055205)
11. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055206)
12. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055207)
13. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055208)
14. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055212)
15. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055407)
16. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149056174)
17. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149056286)
18. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17104808)
19. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149056524)
20. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=P149055441)
21. [ir.viking.com](https://ir.viking.com/sec-filings/all-sec-filings/content/0001745201-26-000007/vik-20251231.htm)
22. [Viking Holdings Ltd — Full financial report (2025 Y)](https://app.finbar.com/go?id=T17104898)
23. [ir.viking.com](https://ir.viking.com/corporate-governance/board-of-directors)
24. [www.vikingrivercruises.com](https://www.vikingrivercruises.com/video/why-viking/25-years-of-exploration/play.html)
25. [ir.viking.com](https://ir.viking.com/news-events/press-releases/detail/42/viking-expedition-team-publishes-first-scientific-paper-from-inaugural-antarctic-season)
26. [ir.viking.com](https://ir.viking.com/news-events/press-releases/detail/148/viking-announces-pricing-of-upsized-initial-public-offering)
27. [ir.viking.com](https://ir.viking.com/news-events/press-releases/detail/210/viking-celebrates-100-ships-around-the-world-with-ceremony-naming-nine-newest-river-ships-across-six-countries)
28. [ir.viking.com](https://ir.viking.com/news-events/press-releases/detail/231/viking-announces-ceo-transition-and-reports-first-quarter-2026-financial-results)

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