Filing Flows › Hilton Grand Vacations (HGV) › Q2 2026 › vs Q1 2026
Hilton Grand Vacations (HGV) Q2 2026 vs Q1 2026 (quarter over quarter)
Hilton Grand Vacations's revenue rose $73.0M (+6%) from $1.3B in Q1 2026 to $1.4B in Q2 2026. The biggest changes: Sales of VOIs, net +$52.0M (+11%); Rental and ancillary services +$13.0M (+7%); Financing +$6.0M (+4%). Operating margin 6.7% against 11.1% (-4.4 pts).
Hilton Grand Vacations, Q2 2026: revenue $1.4B (+7% year over year), operating margin 6.7%, net earnings $12.0M, operating cash flow $134M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 6.7% | 11.1% | -4.4 pts |
| Net margin | 0.9% | 5.1% | -4.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Sales of VOIs, net | $507M | $455M | $52.0M | +11% |
| Rental and ancillary services | $210M | $197M | $13.0M | +7% |
| Resort and club management | $189M | $185M | $4.0M | +2% |
| Fee-for-service commissions, package sales and other fees | $158M | $161M | −$3.0M | -2% |
| Cost reimbursements | $150M | $149M | $1.0M | +0.7% |
| Financing | $144M | $138M | $6.0M | +4% |
| Revenue | $1.4B | $1.3B | $73.0M | +6% |
| Operating profit | $91.0M | $143M | −$52.0M | -36% |
| Costs & expenses | $1.3B | $1.1B | $125M | +11% |
| Pre-tax earnings | $23.0M | $74.0M | −$51.0M | -69% |
| Other expense, net | $68.0M | $69.0M | −$1.0M | -1% |
| General & admin | $67.0M | $49.0M | $18.0M | +37% |
| Other operating costs | $1.2B | $1.1B | $107M | +10% |
| Net earnings | $12.0M | $66.0M | −$54.0M | -82% |
| Minority interests | $3.0M | $2.0M | $1.0M | +50% |
| Income tax | $8.0M | $6.0M | $2.0M | +33% |
| Depreciation & amortization | $71.0M | $71.0M | $0 | 0% |
| Share-based compensation | $25.0M | $11.0M | $14.0M | +127% |
| Working capital & other | $26.0M | −$20.0M | $46.0M | — |
| Operating cash flow | $134M | $128M | $6.0M | +5% |
Questions
How much did Hilton Grand Vacations's revenue grow quarter over quarter in Q2 2026?
Hilton Grand Vacations's revenue rose $73.0M (+6%) from $1.3B in Q1 2026 to $1.4B in Q2 2026.
What drove Hilton Grand Vacations's revenue change in Q2 2026?
Sales of VOIs, net +$52.0M (+11%); Rental and ancillary services +$13.0M (+7%); Financing +$6.0M (+4%).