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Hilton Grand Vacations HGV Financing — Expenses

Other product segments

Sales and marketing
$437M+2.8%
Rental and ancillary services
$216M+4.9%
Cost reimbursements
$149M+12.0%
Resort and club management
$59M+9.3%
License fee expense
$53M+8.2%
Cost of VOI sales
$45M+80.0%
Acquisition and integration-related expense
$12M-57.1%

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VACFinancing
$41M+13.9%
LAD
LADFinancing Operations — Interest Expense, Operating
$51.6M+7.3%
International Business Machines logo
IBMFinancing — Interest Expense
$111M+23.3%
LAD
LADFinancing Operations — Other Cost and Expense, Operating
$14.9M+24.2%
Travel + Leisure logo
TNLFinancing Interest Expense
$33M-2.9%

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 financing — expenses?
Hilton Grand Vacations (HGV) reported financing — expenses of $51M in Q1 2026.
How has Hilton Grand Vacations's financing — expenses changed year-over-year?
Hilton Grand Vacations's financing — expenses decreased by 7.3% year-over-year, from $55M to $51M.
What is the long-term trend for Hilton Grand Vacations's financing — expenses?
Over 4 years (2021 to 2025), Hilton Grand Vacations's financing — expenses has grown at a 34.9% compound annual growth rate (CAGR), from $65M to $215M.
What does financing — expenses mean?
This metric captures the direct costs incurred in managing and servicing the consumer loan portfolio, including provisions for loan losses and administrative costs related to financing operations. It serves as a measure of the operational efficiency and credit risk management associated with the company's lending activities. Monitoring these expenses is essential for evaluating the net profitability of the financing segment relative to the interest income generated.