Filing Flows › Hilton Grand Vacations (HGV) › Q2 2025
Hilton Grand Vacations (HGV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Hilton Grand Vacations (HGV) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +10% from the quarter before. Operating margin was 8.8%, net earnings $25.0M (2.0% of revenue).
Hilton Grand Vacations, Q2 2025: revenue $1.3B (+2% year over year), operating margin 8.8%, net earnings $25.0M, operating cash flow $61.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +10% | +3% |
| Operating profit | $112M | +87% | +19% |
| Net earnings | $25.0M | — | 12× |
| Operating cash flow | $61.0M | +61% | -46% |
| Free cash flow | $46.0M | +92% | -57% |
What changed
Revenue was $1.3B in Q2 2025, up 3% year over year and up 10% from the previous quarter. Sales of VOIs, net was the largest line at 37% of revenue. Financing added $0.02B year over year (up 24%), 77% of the total change. Fee-for-service commissions, package sales and other fees declined 1%.
Operating profit was $0.11B, a 8.8% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 8% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $0.03B, up 1150% year over year. The effective tax rate was 34.9%.
Operating cash flow was $0.06B (down 46% year over year), 218% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.01B left free cash flow of $0.05B.
Questions
What was Hilton Grand Vacations' revenue in the second quarter 2025?
Hilton Grand Vacations (HGV) reported revenue of $1.3B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +10% from the quarter before.
Was Hilton Grand Vacations profitable in the second quarter 2025?
Operating profit was $112M (8.8% of revenue) and net earnings $25.0M.