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Hilton Grand Vacations HGV Resort and club management — 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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HSTManagement fees — Expenses
$74M+5.7%
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XHRFood and beverage expenses — Expenses
$66.34M-0.3%
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HSTFood and beverage — Expenses
$311M-0.6%
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XHRRooms expenses — Expenses
$39.36M+0.1%

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
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Cost of VOI sales4525
Sales and marketing437425
Financing5155
Resort and club management5954
Rental and ancillary services216206
General and administrative4946
Acquisition and integration-related expense1228
Depreciation and amortization7167

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's resort and club management — expenses?
Hilton Grand Vacations (HGV) reported resort and club management — expenses of $59M in Q1 2026.
How has Hilton Grand Vacations's resort and club management — expenses changed year-over-year?
Hilton Grand Vacations's resort and club management — expenses increased by 9.3% year-over-year, from $54M to $59M.
What is the long-term trend for Hilton Grand Vacations's resort and club management — expenses?
Over 4 years (2021 to 2025), Hilton Grand Vacations's resort and club management — expenses has grown at a 29.8% compound annual growth rate (CAGR), from $80M to $227M.
What does resort and club management — expenses mean?
This metric represents the total operating costs incurred to maintain resort properties, provide club services, and manage reservation systems. It encompasses labor, maintenance, and administrative overhead required to support the resort and club management segment. Tracking these expenses relative to revenue is critical for evaluating the operational efficiency and profitability of the service-based business model.

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