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Hilton Grand Vacations HGV Sales and marketing — Expenses

Other product segments

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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XHRFood and beverage expenses — Expenses
$66.34M-0.3%
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VACManagement and exchange — Expenses
$121M0.0%
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HSTFood and beverage — Expenses
$311M-0.6%
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VACSale of vacation ownership products — Expenses
$43M+4.9%
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XHRManagement and franchise fees — Expenses
$12.1M+0.8%
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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
Total revenues1,2851,148
Expenses
Cost of VOI sales4525
Sales and marketing437425
Financing5155
Resort and club management5954
Rental and ancillary services216206
General and administrative4946

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's sales and marketing — expenses?
Hilton Grand Vacations (HGV) reported sales and marketing — expenses of $437M in Q1 2026.
How has Hilton Grand Vacations's sales and marketing — expenses changed year-over-year?
Hilton Grand Vacations's sales and marketing — expenses increased by 2.8% year-over-year, from $425M to $437M.
What is the long-term trend for Hilton Grand Vacations's sales and marketing — expenses?
Over 4 years (2021 to 2025), Hilton Grand Vacations's sales and marketing — expenses has grown at a 30.1% compound annual growth rate (CAGR), from $653M to $1.87B.
What does sales and marketing — expenses mean?
This metric represents the total costs incurred to acquire new timeshare owners and promote vacation ownership products, including commissions, marketing campaigns, and lead generation activities. It reflects the company's investment in customer acquisition and the efficiency of its sales funnel within the timeshare business model. Monitoring these expenses is critical for assessing the cost-to-acquire ratio and the long-term profitability of the real estate sales segment.

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