Hilton Grand Vacations HGV Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Real Estate Sales and Financing Segment | $754M-5.2% | $795M+0.8% | $789M+3.8% | $760M+17.8% | $645M-16.1% | |
| Resort Operations and Club Management Segment | $402M-5.0% | $423M+4.2% | $406M+0.2% | $405M+3.6% | $391M-2.0% | |
| Accounts Receivable by Business | ||||||
| Other receivables | $0-100% | $4M-71.4% | $14M+75.0% | $8M+33.3% | $6M-14.3% | |
| Resort and club management | $161M+13.4% | $142M-28.6% | $199M+8.2% | $184M-8.0% | $200M+46.0% | |
| Tax receivables | $69M+4.5% | $66M-55.1% | $147M-14.0% | $171M+44.9% | $118M+32.6% | |
| Total Assets by Business | ||||||
| Real Estate Sales and Financing Segment | $7.83B+0.3% | $7.81B+1.8% | $7.67B+2.3% | $7.5B+1.0% | $7.42B+1.0% | |
| Resort Operations and Club Management Segment | $3.46B+10.2% | $3.14B-6.5% | $3.36B-0.8% | $3.39B-4.3% | $3.54B+11.9% | |
| Other segment adjustment items by Business | ||||||
| Real Estate Sales and Financing Segment | $6M-45.5% | $11M+10.0% | $10M+11.1% | $9M-10.0% | $10M— | |
| Resort Operations and Club Management Segment | $0— | $0+100% | -$1M— | $0— | $0-100% | |
| Total capital expenditures by Business | ||||||
| Real Estate Sales and Financing Segment | $23M-83.2% | $137M+37.0% | $100M+31.6% | $76M+31.0% | $58M-61.8% | |
| Resort Operations and Club Management Segment | $0-100% | $2M0.0% | $2M+100% | $1M— | $0-100% | |
| Expenses by Business | ||||||
| Real Estate Sales and Financing Segment | $533M-6.3% | $569M-4.0% | $593M+3.9% | $571M+13.1% | $505M-9.5% | |
| Resort Operations and Club Management Segment | $275M+12.2% | $245M-1.2% | $248M-4.2% | $259M-0.4% | $260M+6.6% | |
| Share-based compensation expense by Business | ||||||
| Real Estate Sales and Financing Segment | $4M+33.3% | $3M-40.0% | $5M0.0% | $5M+25.0% | $4M+33.3% | |
| Resort Operations and Club Management Segment | $1M0.0% | $1M-50.0% | $2M-33.3% | $3M+50.0% | $2M+100% | |
| Revenue by Product | ||||||
| Cost reimbursements | $149M+5.7% | $141M+6.8% | $132M+3.1% | $128M-3.8% | $133M-1.5% | |
| Fee-for-service commissions, package sales and other fees | $161M-4.7% | $169M-10.1% | $188M+13.9% | $165M+16.2% | $142M-14.5% | |
| Financing | $138M+3.0% | $134M+4.7% | $128M+1.6% | $126M+0.8% | $125M-18.3% | |
| Rental and ancillary services | $197M+10.7% | $178M-4.3% | $186M-4.6% | $195M+4.3% | $187M+7.5% | |
| Resort and club management | $185M-15.5% | $219M+13.5% | $193M+5.5% | $183M0.0% | $183M-11.2% | |
| Sales of VOIs, net | $455M-7.5% | $492M+4.0% | $473M+0.9% | $469M+24.1% | $378M-16.0% | |
| Expenses by Product | ||||||
| Acquisition and integration-related expense | $12M-40.0% | $20M-16.7% | $24M-7.7% | $26M-7.1% | $28M-36.4% | |
| Cost of VOI sales | $45M-2.2% | $46M+7.0% | $43M+13.2% | $38M+52.0% | $25M-51.0% | |
| Cost reimbursements | $149M+5.7% | $141M+6.8% | $132M+3.1% | $128M-3.8% | $133M-1.5% | |
| Financing | $51M-3.8% | $53M0.0% | $53M-1.9% | $54M-1.8% | $55M-8.3% | |
| License fee expense | $53M-7.0% | $57M+1.8% | $56M+7.7% | $52M+6.1% | $49M+4.3% | |
| Rental and ancillary services | $216M+16.1% | $186M-2.1% | $190M-6.4% | $203M-1.5% | $206M+11.4% | |
| Resort and club management | $59M0.0% | $59M+1.7% | $58M+3.6% | $56M+3.7% | $54M-8.5% | |
| Sales and marketing | $437M-7.0% | $470M-5.4% | $497M+3.8% | $479M+12.7% | $425M-4.9% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Hilton Grand Vacations break its business down?
- Hilton Grand Vacations (HGV) reports revenue by business across 2 parts — Real Estate Sales and Financing Segment and Resort Operations and Club Management Segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Hilton Grand Vacations's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Hilton Grand Vacations's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.