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Hilton Grand Vacations HGV Marketing 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
Less:
Cost of VOI sales4545
Selling expense181181
Marketing expense239239
Financing expense5151
Club expense2222
Property management expense3737
Rental expense204204

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's marketing expense — expenses?
Hilton Grand Vacations (HGV) reported marketing expense — expenses of $239M in Q1 2026.
How has Hilton Grand Vacations's marketing expense — expenses changed year-over-year?
Hilton Grand Vacations's marketing expense — expenses increased by 3.9% year-over-year, from $230M to $239M.
What is the long-term trend for Hilton Grand Vacations's marketing expense — expenses?
Over 3 years (2022 to 2025), Hilton Grand Vacations's marketing expense — expenses has grown at a 23.1% compound annual growth rate (CAGR), from $551M to $1.03B.
What does marketing expense — expenses mean?
This metric represents the total costs incurred by the company to acquire new timeshare owners and promote vacation ownership products. It encompasses expenditures related to lead generation, sales center operations, and promotional activities designed to drive contract sales volume. Monitoring this expense provides insight into the company's customer acquisition efficiency and the scalability of its sales and marketing infrastructure.

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