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Hilton Grand Vacations HGV Sales of VOIs — Cost of VOI sales

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TNLVOI incentive revenue — Remaining performance obligations
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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$3.55B-8.5%
Enterprise value$7.84B-1.5%
P/E21.6×-46.4×
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:DeferredCosts.

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)March 31, 2026December 31, 2025
Sales of VOIs, net$485$460
Cost of VOI sales135133
Sales and marketing expense7974

Item 1. Financial Statements

FAQ

What is Hilton Grand Vacations's sales of vois — cost of VOI sales?
Hilton Grand Vacations (HGV) reported sales of vois — cost of VOI sales of $135M in Q1 2026.
How has Hilton Grand Vacations's sales of vois — cost of VOI sales changed year-over-year?
Hilton Grand Vacations's sales of vois — cost of VOI sales increased by 107.7% year-over-year, from $65M to $135M.
What is the long-term trend for Hilton Grand Vacations's sales of vois — cost of VOI sales?
Over 4 years (2021 to 2025), Hilton Grand Vacations's sales of vois — cost of VOI sales has grown at a 29.0% compound annual growth rate (CAGR), from $145M to $401M.
What does sales of vois — cost of VOI sales mean?
Captures the direct costs associated with the development and acquisition of vacation ownership inventory sold during the period. This includes the carrying value of the timeshare units and related infrastructure costs. Monitoring this metric is essential for evaluating the gross margin efficiency of the timeshare sales segment.

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