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Hilton Grand Vacations HGV Property management 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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HSTOther property-level expenses — Expenses
$94M-12.1%
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VACManagement and exchange — Expenses
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XHRManagement and franchise fees — Expenses
$12.1M+0.8%
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XHRRooms expenses — Expenses
$39.36M+0.1%
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XHRUndistributed expenses — Expenses
$67.87M-0.9%

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$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
Marketing expense239239
Financing expense5151
Club expense2222
Property management expense3737
Rental expense204204
Other expenses171229
Total segment expenses533275808
Other:

Item 1. Financial Statements

FAQ

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.

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