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Hilton Grand Vacations HGV Cost reimbursements — Revenue

Other product segments

Sales of VOIs, net
$455M+20.4%
Rental and ancillary services
$197M+5.3%
Resort and club management
$185M+1.1%
Fee-for-service commissions, package sales and other fees
$161M+13.4%
Financing
$138M+10.4%

Similar metrics at other companies

Innoviva, Inc. logo
INVACost Reimbursement — Revenue
$1.8M+125%
DigitalBridge Group logo
DBRGCost Reimbursements — Revenue
$1.3M-45.8%
Resources Connection, Inc. logo
RGPReimbursements — Revenue
$1.2M+9.1%
CRD
CRD.AReimbursements — Revenue
$10.6M-6.2%
Hackett Group logo
HCKTReimbursements — Revenue
$986K-22.4%
Hilton Worldwide logo
HLTReimbursement Revenue — Revenue
$1.98B+9.4%

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:Revenues.

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
Financing138125
Resort and club management185183
Rental and ancillary services197187
Cost reimbursements149133
Total revenues1,2851,148
Expenses
Cost of VOI sales4525
Sales and marketing437425

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's cost reimbursements — revenue?
Hilton Grand Vacations (HGV) reported cost reimbursements — revenue of $149M in Q1 2026.
How has Hilton Grand Vacations's cost reimbursements — revenue changed year-over-year?
Hilton Grand Vacations's cost reimbursements — revenue increased by 12.0% year-over-year, from $133M to $149M.
What is the long-term trend for Hilton Grand Vacations's cost reimbursements — revenue?
Over 4 years (2021 to 2025), Hilton Grand Vacations's cost reimbursements — revenue has grown at a 27.5% compound annual growth rate (CAGR), from $202M to $534M.
What does cost reimbursements — revenue mean?
This metric represents revenue recognized from the reimbursement of costs incurred by the company on behalf of third-party managed properties or homeowner associations. It reflects the pass-through nature of operational expenses managed by the company in its capacity as a service provider. Investors use this to understand the scale of managed operations and the extent to which the company acts as an agent for property-level expenditures.

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