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Hilton Grand Vacations HGV Club expense — Expenses

Other product segments

Sales and marketing
$437M+2.8%
Cost reimbursements
$149M+12.0%
License fees
$53M+8.2%
Cost of VOI sales
$45M+80.0%
Acquisition and integration-related
$12M-57.1%

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XHRUndistributed expenses — Expenses
$67.87M-0.9%
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XHRFood and beverage expenses — Expenses
$66.34M-0.3%
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HSTOther property-level expenses — Expenses
$94M-12.1%
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VACRental — Expenses
$140M+12.0%
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HSTOther — Expenses
$371M-1.1%

Other financials

Income statement

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Revenue$1.3B+11.9%
Net income$66.0M+488%
EPS (diluted)$0.79+565%

Balance sheet

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Cash & equivalents$552.0M-3.2%
Total debt$4.8B+5.6%
Total equity$1.2B-24.4%
Total assets$11.9B+1.2%

Cash flow

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Operating cash flow$128.0M+237%
CapEx$6.0M-57.1%
Free cash flow$122.0M+408%

Valuation

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Market cap$3.61B-8.8%
Enterprise value$7.9B-1.7%
P/E22×-47.4×
P/S0.7×-0.1×

Profitability

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Net margin3.2%+2.5pp
FCF margin6.3%+0.3pp

Returns & leverage

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Return on equity11.8%+9.9pp
Debt / equity+1.1×

Where this comes from

Reported directly by Hilton Grand Vacations in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Hilton Grand Vacations’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 11:37 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001674168-26-000065
($ in millions) / For the three months ended March 31, 2026Real Estate and FinancingResort Operations and Club ManagementTotal
Selling expense181181
Marketing expense239239
Financing expense5151
Club expense2222
Property management expense3737
Rental expense204204
Other expenses171229
Total segment expenses533275808

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's club expense — expenses?
Hilton Grand Vacations (HGV) reported club expense — expenses of $22M in Q1 2026.
How has Hilton Grand Vacations's club expense — expenses changed year-over-year?
Hilton Grand Vacations's club expense — expenses increased by 10.0% year-over-year, from $20M to $22M.
What is the long-term trend for Hilton Grand Vacations's club expense — expenses?
Over 3 years (2022 to 2025), Hilton Grand Vacations's club expense — expenses has grown at a 27.5% compound annual growth rate (CAGR), from $42M to $87M.
What does club expense — expenses mean?
This metric represents the total operating costs associated with managing timeshare club memberships and providing ancillary reservation services to owners. It encompasses the administrative, technology, and service-related expenditures required to maintain the club infrastructure and support the ongoing relationship with the vacation ownership base. Monitoring these expenses is critical for assessing the operational efficiency of the recurring revenue model and the scalability of club management services.

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