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+16.9% | $795M+3.4% | $789M-3.1% | $760M+2.7% | $645M-6.1% | |
| Resort Operations and Club Management Segment | $402M+2.8% | $423M+6.0% | $406M+6.0% | $405M+4.9% | $391M+8.6% | |
| Accounts Receivable by Business | ||||||
| Other receivables | $0-100% | $4M-42.9% | $14M-17.6% | $8M-57.9% | $6M+20.0% | |
| Resort and club management | $161M-19.5% | $142M+3.6% | $199M+43.2% | $184M-15.6% | $200M-15.6% | |
| Tax receivables | $69M-41.5% | $66M-25.8% | $147M+9.7% | $171M+7.5% | $118M-21.3% | |
| Total Assets by Business | ||||||
| Real Estate Sales and Financing Segment | $7.83B+5.5% | $7.81B+6.2% | $7.67B— | $7.5B— | $7.42B— | |
| Resort Operations and Club Management Segment | $3.46B-2.3% | $3.14B-0.7% | $3.36B— | $3.39B— | $3.54B— | |
| Other segment adjustment items by Business | ||||||
| Real Estate Sales and Financing Segment | $6M-40.0% | $11M— | $10M-58.3% | $9M-71.9% | $10M-41.2% | |
| Resort Operations and Club Management Segment | $0— | $0-100% | -$1M0.0% | $0— | $0— | |
| Total capital expenditures by Business | ||||||
| Real Estate Sales and Financing Segment | $23M-60.3% | $137M-9.9% | $100M+31.6% | $76M+28.8% | $58M+48.7% | |
| Resort Operations and Club Management Segment | $0— | $2M0.0% | $2M+100% | $1M0.0% | $0— | |
| Expenses by Business | ||||||
| Real Estate Sales and Financing Segment | $533M+5.5% | $569M+2.0% | $593M+1.0% | $571M+1.6% | $505M+3.5% | |
| Resort Operations and Club Management Segment | $275M+5.8% | $245M+0.4% | $248M+8.8% | $259M+9.7% | $260M+14.5% | |
| Share-based compensation expense by Business | ||||||
| Real Estate Sales and Financing Segment | $4M0.0% | $3M0.0% | $5M+66.7% | $5M+66.7% | $4M+33.3% | |
| Resort Operations and Club Management Segment | $1M-50.0% | $1M0.0% | $2M0.0% | $3M+50.0% | $2M+100% | |
| Revenue by Product | ||||||
| Cost reimbursements | $149M+12.0% | $141M+4.4% | $132M+1.5% | $128M-0.8% | $133M+9.0% | |
| Fee-for-service commissions, package sales and other fees | $161M+13.4% | $169M+1.8% | $188M+18.2% | $165M-1.2% | $142M-2.1% | |
| Financing | $138M+10.4% | $134M-12.4% | $128M+21.9% | $126M+23.5% | $125M+20.2% | |
| Rental and ancillary services | $197M+5.3% | $178M+2.3% | $186M+1.6% | $195M0.0% | $187M+3.3% | |
| Resort and club management | $185M+1.1% | $219M+6.3% | $193M+7.8% | $183M+7.0% | $183M+10.2% | |
| Sales of VOIs, net | $455M+20.4% | $492M+9.3% | $473M-14.0% | $469M-0.4% | $378M-13.7% | |
| Expenses by Product | ||||||
| Acquisition and integration-related expense | $12M-57.1% | $20M-54.5% | $24M-33.3% | $26M-45.8% | $28M-74.3% | |
| Cost of VOI sales | $45M+80.0% | $46M-9.8% | $43M-42.7% | $38M-41.5% | $25M-47.9% | |
| Cost reimbursements | $149M+12.0% | $141M+4.4% | $132M+1.5% | $128M-0.8% | $133M+9.0% | |
| Financing | $51M-7.3% | $53M-11.7% | $53M+17.8% | $54M+22.7% | $55M+41.0% | |
| License fee expense | $53M+8.2% | $57M+21.3% | $56M+14.3% | $52M+30.0% | $49M+40.0% | |
| Rental and ancillary services | $216M+4.9% | $186M+0.5% | $190M+6.7% | $203M+8.0% | $206M+19.1% | |
| Resort and club management | $59M+9.3% | $59M0.0% | $58M+16.0% | $56M+16.7% | $54M0.0% | |
| Sales and marketing | $437M+2.8% | $470M+5.1% | $497M+6.4% | $479M+5.7% | $425M+6.0% |
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.