Hilton Grand Vacations HGV Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Real Estate Sales and Financing Segment | $3.1B+3.6% | $2.99B+0.9% | $2.96B-0.8% | $2.99B+0.7% | $2.97B-1.4% | |
| Resort Operations and Club Management Segment | $1.64B+0.7% | $1.63B+1.5% | $1.6B+1.5% | $1.58B+1.2% | $1.56B+2.0% | |
| Accounts Receivable by Business | ||||||
| Other receivables | $26M-18.8% | $32M-8.6% | $35M-7.9% | $38M-22.4% | $49M+2.1% | |
| Resort and club management | $686M-5.4% | $725M+0.7% | $720M+9.1% | $660M-4.9% | $694M-5.1% | |
| Tax receivables | $453M-9.8% | $502M-4.4% | $525M+2.5% | $512M+2.4% | $500M-6.0% | |
| Total Assets by Business | ||||||
| Real Estate Sales and Financing Segment | $30.8B+1.3% | $30.39B+1.5% | $29.93B— | —— | —— | |
| Resort Operations and Club Management Segment | $13.35B-0.6% | $13.43B-0.2% | $13.45B— | —— | —— | |
| Other segment adjustment items by Business | ||||||
| Real Estate Sales and Financing Segment | $36M-10.0% | $40M— | —— | —— | —— | |
| Resort Operations and Club Management Segment | -$1M0.0% | -$1M-120% | $5M0.0% | $5M0.0% | $5M0.0% | |
| Total capital expenditures by Business | ||||||
| Real Estate Sales and Financing Segment | $336M-9.4% | $371M-3.9% | $386M+6.6% | $362M+4.9% | $345M+5.8% | |
| Resort Operations and Club Management Segment | $5M0.0% | $5M0.0% | $5M+25.0% | $4M0.0% | $4M0.0% | |
| Expenses by Business | ||||||
| Real Estate Sales and Financing Segment | $2.27B+1.3% | $2.24B+0.5% | $2.23B+0.3% | $2.22B+0.4% | $2.21B+0.8% | |
| Resort Operations and Club Management Segment | $1.03B+1.5% | $1.01B+0.1% | $1.01B+2.0% | $991M+2.4% | $968M+3.5% | |
| Share-based compensation expense by Business | ||||||
| Real Estate Sales and Financing Segment | $17M0.0% | $17M0.0% | $17M+13.3% | $15M+15.4% | $13M+8.3% | |
| Resort Operations and Club Management Segment | $7M-12.5% | $8M0.0% | $8M0.0% | $8M+14.3% | $7M+16.7% | |
| Revenue by Product | ||||||
| Cost reimbursements | $550M+3.0% | $534M+1.1% | $528M+0.4% | $526M-0.2% | $527M+2.1% | |
| Fee-for-service commissions, package sales and other fees | $683M+2.9% | $664M+0.5% | $661M+4.6% | $632M-0.3% | $634M-0.5% | |
| Financing | $526M+2.5% | $513M-3.6% | $532M+4.5% | $509M+4.9% | $485M+4.5% | |
| Rental and ancillary services | $756M+1.3% | $746M+0.5% | $742M+0.4% | $739M0.0% | $739M+0.8% | |
| Resort and club management | $780M+0.3% | $778M+1.7% | $765M+1.9% | $751M+1.6% | $739M+2.4% | |
| Sales of VOIs, net | $1.89B+4.2% | $1.81B+2.4% | $1.77B-4.2% | $1.85B-0.1% | $1.85B-3.1% | |
| Expenses by Product | ||||||
| Acquisition and integration-related expense | $82M-16.3% | $98M-19.7% | $122M-9.0% | $134M-14.1% | $156M-34.2% | |
| Cost of VOI sales | $172M+13.2% | $152M-3.2% | $157M-16.9% | $189M-12.5% | $216M-9.6% | |
| Cost reimbursements | $550M+3.0% | $534M+1.1% | $528M+0.4% | $526M-0.2% | $527M+2.1% | |
| Financing | $211M-1.9% | $215M-3.2% | $222M+3.7% | $214M+4.9% | $204M+8.5% | |
| License fee expense | $218M+1.9% | $214M+4.9% | $204M+3.6% | $197M+6.5% | $185M+8.2% | |
| Rental and ancillary services | $795M+1.3% | $785M+0.1% | $784M+1.6% | $772M+2.0% | $757M+4.6% | |
| Resort and club management | $232M+2.2% | $227M0.0% | $227M+3.7% | $219M+3.8% | $211M0.0% | |
| Sales and marketing | $1.88B+0.6% | $1.87B+1.2% | $1.85B+1.7% | $1.82B+1.5% | $1.79B+1.4% |
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.