Filing Flows › Hilton Grand Vacations (HGV) › Operating margin
Hilton Grand Vacations (HGV) operating margin by quarter
Hilton Grand Vacations' operating margin was 25.1% in Q3 2026 (third quarter 2026), +18.4 pts from Q2 2026. Over the last 6 quarters it ranged from 6.7% (Q2 2026) to 25.1% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 25.1% | +18.4 pts | +15.8 pts |
| Q2 2026 | 6.7% | -4.4 pts | -2.1 pts |
| Q1 2026 | 11.1% | -1.4 pts | — |
| Q4 2025 | 12.5% | +3.2 pts | — |
| Q3 2025 | 9.3% | +0.5 pts | — |
| Q2 2025 | 8.8% | — | — |
Q3 2026 at a glance
Hilton Grand Vacations, Q3 2026: revenue $2.0B (+51% year over year), operating margin 25.1%, net earnings $291M, operating cash flow $87.0M. The chart follows the revenue to costs, profit and cash.
Questions
What is Hilton Grand Vacations' operating margin?
Hilton Grand Vacations' operating margin was 25.1% in Q3 2026 (third quarter 2026), +18.4 pts from Q2 2026.
How has Hilton Grand Vacations' operating margin changed?
Over the last 6 quarters it ranged from 6.7% (Q2 2026) to 25.1% (Q3 2026).
Q3 2026 results → · How Hilton Grand Vacations makes money →