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Hilton Grand Vacations HGV Property management expense — 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%
Financing
$51M-7.3%
Cost of VOI sales
$45M+80.0%
Acquisition and integration-related expense
$12M-57.1%

Similar metrics at other companies

Travel + Leisure logo
TNLVacation Ownership — Property management expense
$173M0.0%
Travel + Leisure logo
TNLTravel and Membership — Property management expense
$0
Marriott Vacations Worldwide logo
VACManagement and exchange — Expenses
$120M+2.6%
Marriott Vacations Worldwide logo
VACRental — Expenses
$140M+13.8%
UDR logo
UDRProperty Management Costs Operating
$13.76M+0.8%
Host Hotels & Resorts logo
HSTManagement fees — Expenses
$67M-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$4.11B-10.2%

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 property management expense — expenses?
Hilton Grand Vacations (HGV) reported property management expense — expenses of $37M in Q1 2026.
How has Hilton Grand Vacations's property management expense — expenses changed year-over-year?
Hilton Grand Vacations's property management expense — expenses increased by 8.8% year-over-year, from $34M to $37M.
What is the long-term trend for Hilton Grand Vacations's property management expense — expenses?
Over 3 years (2022 to 2025), Hilton Grand Vacations's property management expense — expenses has grown at a 5.6% compound annual growth rate (CAGR), from $119M to $140M.
What does property management expense — expenses mean?
This metric represents the total operating costs incurred to manage and maintain vacation ownership properties and resort facilities. It encompasses expenses related to staffing, routine maintenance, administrative oversight, and the delivery of club management services to timeshare owners. Monitoring these costs is essential for evaluating the operational efficiency of the resort management segment and its impact on overall service margins.