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Hilton Grand Vacations HGV Cost reimbursements — Expenses

Other product segments

Sales and marketing
$437M+2.8%
Rental and ancillary services
$216M+4.9%
Resort and club management
$59M+9.3%
License fee expense
$53M+8.2%
Financing
$51M-7.3%
Cost of VOI sales
$45M+80.0%
Acquisition and integration-related expense
$12M-57.1%

Similar metrics at other companies

Marriott Vacations Worldwide logo
VACCost reimbursements — Revenue from contracts with customers
$430M+15.3%
Marriott Vacations Worldwide logo
VACCost reimbursements
$430M+15.3%
Marriott Vacations Worldwide logo
VACVacation Ownership — Cost reimbursements
$435M+15.1%
Marriott International logo
MARCost reimbursement revenue — Operating costs
$4.94B+4.5%
Hilton Worldwide logo
HLTReimbursed expenses
$1.85B+5.1%
Travel + Leisure logo
TNLVacation Ownership — Reimbursable costs
$2M

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$4.14B-10.2%
Enterprise value$8.43B-1.2%
P/E25.2×-110×
P/S0.8×-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 official record: Hilton Grand Vacations’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hilton Grand Vacations's cost reimbursements — expenses?
Hilton Grand Vacations (HGV) reported cost reimbursements — expenses of $149M in Q1 2026.
How has Hilton Grand Vacations's cost reimbursements — expenses changed year-over-year?
Hilton Grand Vacations's cost reimbursements — expenses increased by 12.0% year-over-year, from $133M to $149M.
What is the long-term trend for Hilton Grand Vacations's cost reimbursements — expenses?
Over 4 years (2021 to 2025), Hilton Grand Vacations's cost reimbursements — expenses has grown at a 27.5% compound annual growth rate (CAGR), from $202M to $534M.
What does cost reimbursements — expenses mean?
This metric captures the operating expenses incurred by the company that are contractually reimbursable by managed resorts or homeowner associations. It represents the gross costs associated with property management, maintenance, and administrative services provided to third-party entities. Monitoring this figure helps assess the operational footprint of the company's management services and the associated pass-through cost structure.