Filing Flows › Hilton Grand Vacations (HGV) › Q2 2026 › vs Q2 2025
Hilton Grand Vacations (HGV) Q2 2026 vs Q2 2025 (year over year)
Hilton Grand Vacations's revenue rose $92.0M (+7%) from $1.3B in Q2 2025 to $1.4B in Q2 2026. The biggest changes: Sales of VOIs, net +$38.0M (+8%); Cost reimbursements +$22.0M (+17%); Financing +$18.0M (+14%). Operating margin 6.7% against 8.8% (-2.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.7% | 8.8% | -2.1 pts |
| Net margin | 0.9% | 2.0% | -1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Sales of VOIs, net | $507M | $469M | $38.0M | +8% |
| Rental and ancillary services | $210M | $195M | $15.0M | +8% |
| Resort and club management | $189M | $183M | $6.0M | +3% |
| Fee-for-service commissions, package sales and other fees | $158M | $165M | −$7.0M | -4% |
| Cost reimbursements | $150M | $128M | $22.0M | +17% |
| Financing | $144M | $126M | $18.0M | +14% |
| Revenue | $1.4B | $1.3B | $92.0M | +7% |
| Operating profit | $91.0M | $112M | −$21.0M | -19% |
| Costs & expenses | $1.3B | $1.2B | $113M | +10% |
| Pre-tax earnings | $23.0M | $43.0M | −$20.0M | -47% |
| Other expense, net | $68.0M | $69.0M | −$1.0M | -1% |
| General & admin | $67.0M | $58.0M | $9.0M | +16% |
| Other operating costs | $1.2B | $1.1B | $104M | +9% |
| Net earnings | $12.0M | $25.0M | −$13.0M | -52% |
| Minority interests | $3.0M | $3.0M | $0 | 0% |
| Income tax | $8.0M | $15.0M | −$7.0M | -47% |
| Depreciation & amortization | $71.0M | $59.0M | $12.0M | +20% |
| Share-based compensation | $25.0M | $23.0M | $2.0M | +9% |
| Working capital & other | $26.0M | −$46.0M | $72.0M | — |
| Operating cash flow | $134M | $61.0M | $73.0M | +120% |
Questions
How much did Hilton Grand Vacations's revenue grow year over year in Q2 2026?
Hilton Grand Vacations's revenue rose $92.0M (+7%) from $1.3B in Q2 2025 to $1.4B in Q2 2026.
What drove Hilton Grand Vacations's revenue change in Q2 2026?
Sales of VOIs, net +$38.0M (+8%); Cost reimbursements +$22.0M (+17%); Financing +$18.0M (+14%).