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Hilton Grand Vacations HGV Cost reimbursements — Expenses

Other product segments

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

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XHRRooms expenses — Expenses
$39.36M+0.1%
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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%

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
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Acquisition and integration-related expense1228
Depreciation and amortization7167
License fee expense5349
Cost reimbursements149133
Total operating expenses1,1421,088
Interest expense(73)(77)
Equity in earnings from unconsolidated affiliates55
Other (loss) gain, net(1)6

Item 1. Financial Statements

FAQ

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.

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