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Hilton Grand Vacations HGV Rental 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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VACRental — Expenses
$140M+12.0%
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XHRRooms expenses — Expenses
$39.36M+0.1%
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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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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
Financing expense5151
Club expense2222
Property management expense3737
Rental expense204204
Other expenses171229
Total segment expenses533275808
Other:
Share-based compensation expense415

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's rental expense — expenses?
Hilton Grand Vacations (HGV) reported rental expense — expenses of $204M in Q1 2026.
How has Hilton Grand Vacations's rental expense — expenses changed year-over-year?
Hilton Grand Vacations's rental expense — expenses increased by 4.6% year-over-year, from $195M to $204M.
What is the long-term trend for Hilton Grand Vacations's rental expense — expenses?
Over 3 years (2022 to 2025), Hilton Grand Vacations's rental expense — expenses has grown at a 10.7% compound annual growth rate (CAGR), from $544M to $738M.
What does rental expense — expenses mean?
This metric represents the total operating costs associated with managing and maintaining rental inventory within the timeshare portfolio. It captures the direct expenses incurred to support the availability and utilization of vacation properties for transient rental purposes. Monitoring this figure helps assess the operational efficiency and cost structure of the company's rental-based revenue streams.

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