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+4.4% | $2.99B-0.7% | $2.96B+4.6% | $2.99B+13.6% | $2.97B+19.0% | |
| Resort Operations and Club Management Segment | $1.64B+4.9% | $1.63B+6.3% | $1.6B+8.5% | $1.58B+11.5% | $1.56B+15.6% | |
| Accounts Receivable by Business | ||||||
| Other receivables | $26M-46.9% | $32M-33.3% | $35M-35.2% | $38M-9.5% | $49M+81.5% | |
| Resort and club management | $686M-1.2% | $725M-0.8% | $720M-9.2% | $660M-19.6% | $694M-14.7% | |
| Tax receivables | $453M-9.4% | $502M-5.6% | $525M-2.8% | $512M+13.5% | $500M+36.2% | |
| Total Assets by Business | ||||||
| Real Estate Sales and Financing Segment | $30.8B— | $30.39B— | $29.93B— | —— | —— | |
| Resort Operations and Club Management Segment | $13.35B— | $13.43B— | $13.45B— | —— | —— | |
| Other segment adjustment items by Business | ||||||
| Real Estate Sales and Financing Segment | $36M— | $40M— | —— | —— | —— | |
| Resort Operations and Club Management Segment | -$1M-120% | -$1M-120% | $5M+500% | $5M+1,100% | $5M+767% | |
| Total capital expenditures by Business | ||||||
| Real Estate Sales and Financing Segment | $336M-2.6% | $371M+13.8% | $386M+64.3% | $362M— | $345M— | |
| Resort Operations and Club Management Segment | $5M+25.0% | $5M+25.0% | $5M+25.0% | $4M— | $4M— | |
| Expenses by Business | ||||||
| Real Estate Sales and Financing Segment | $2.27B+2.4% | $2.24B+2.0% | $2.23B+9.7% | $2.22B+20.9% | $2.21B+32.6% | |
| Resort Operations and Club Management Segment | $1.03B+6.1% | $1.01B+8.2% | $1.01B+13.8% | $991M+15.6% | $968M+18.2% | |
| Share-based compensation expense by Business | ||||||
| Real Estate Sales and Financing Segment | $17M+30.8% | $17M+41.7% | $17M+41.7% | $15M+25.0% | $13M+8.3% | |
| Resort Operations and Club Management Segment | $7M0.0% | $8M+33.3% | $8M+39.1% | $8M+77.8% | $7M+115% | |
| Revenue by Product | ||||||
| Cost reimbursements | $550M+4.4% | $534M+3.5% | $528M+10.5% | $526M+18.2% | $527M+27.6% | |
| Fee-for-service commissions, package sales and other fees | $683M+7.7% | $664M+4.2% | $661M+5.0% | $632M+0.5% | $634M+2.2% | |
| Financing | $526M+8.5% | $513M+10.6% | $532M+35.4% | $509M+40.2% | $485M+43.9% | |
| Rental and ancillary services | $756M+2.3% | $746M+1.8% | $742M+2.6% | $739M+3.9% | $739M+7.3% | |
| Resort and club management | $780M+5.5% | $778M+7.8% | $765M+12.0% | $751M+17.0% | $739M+22.4% | |
| Sales of VOIs, net | $1.89B+2.2% | $1.81B-5.1% | $1.77B-3.5% | $1.85B+11.8% | $1.85B+20.4% | |
| Expenses by Product | ||||||
| Acquisition and integration-related expense | $82M-47.4% | $98M-58.6% | $122M-44.3% | $134M-31.3% | $156M-2.5% | |
| Cost of VOI sales | $172M-20.4% | $152M-36.4% | $157M-34.9% | $189M-9.6% | $216M+12.5% | |
| Cost reimbursements | $550M+4.4% | $534M+3.5% | $528M+10.5% | $526M+18.2% | $527M+27.6% | |
| Financing | $211M+3.4% | $215M+14.4% | $222M+44.2% | $214M+59.7% | $204M+78.9% | |
| License fee expense | $218M+17.8% | $214M+25.1% | $204M+26.7% | $197M+32.2% | $185M+29.4% | |
| Rental and ancillary services | $795M+5.0% | $785M+8.4% | $784M+13.5% | $772M+15.7% | $757M+19.6% | |
| Resort and club management | $232M+10.0% | $227M+7.6% | $227M+13.5% | $219M+13.5% | $211M+11.6% | |
| Sales and marketing | $1.88B+5.1% | $1.87B+5.8% | $1.85B+13.3% | $1.82B+21.4% | $1.79B+29.8% |
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.