Jun 2026 (Q2 FY26) — Jul 30, 2026
Hilton Grand Vacations Q2 FY26 — Strong EBITDA and Tour Growth Amidst Sales Execution Challenges
Read the full callHilton Grand Vacations earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,358 | +7.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 12.0 | −52.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $43.52 on 17 Oct 2025 → $35.28. High $54.69 (26 Jun 2026), low $34.05 (5 Oct 2026).
Overview
Call summaries
Hilton Grand Vacations Q2 FY26 — Strong EBITDA and Tour Growth Amidst Sales Execution Challenges
Read the full callHilton Grand Vacations Q1 FY26 — Strong Start, Raised EBITDA Guidance, and Strategic Portfolio Optimization
Read the full callHilton Grand Vacations Q4 FY25 — Strong Contract Sales and Cost Synergy Achievement
Read the full callEvery analysed call
Financials
Net profit, year on year: −52% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,306 | 1,284 | 1,148 | 1,266 | 1,300 | 1,333 | 1,285 | 1,358 |
| Expenses | 1,142 | 1,150 | 1,088 | 1,154 | 1,179 | 1,166 | 1,142 | 1,267 |
| Interest | 84 | 79 | 77 | 79 | 79 | 76 | 73 | 70 |
| Profit before tax | 93 | 49 | -6 | 43 | 45 | 93 | 74 | 23 |
| Tax rate | 65.6% | 46.9% | −100.0% | 34.9% | 33.3% | 43.0% | 8.1% | 34.8% |
| Net profit | 29 | 20 | -17 | 25 | 25 | 48 | 66 | 12 |
| EPS ($ per share) | 0.28 | — | -0.17 | 0.26 | 0.28 | — | 0.81 | 0.15 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 441 | 390 | 181 | 357 | 529 | 593 | 352 | 34 |
| Total liabilities | 2,137 | 2,509 | 2,760 | 6,020 | 5,853 | 6,570 | 9,547 | 10,097 |
| Fixed assets | 559 | 778 | 501 | 756 | 798 | 758 | 792 | 859 |
| Total assets | 2,753 | 3,079 | 3,134 | 8,008 | 8,004 | 8,685 | 11,442 | 11,537 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -164 | 143 | 79 | 168 | 747 | 312 | 309 | 300 |
| Cash from investing | -57 | -63 | -33 | -1,631 | -97 | -158 | -1,571 | -146 |
| Cash from financing | 104 | -108 | 328 | 1,636 | -782 | 183 | 1,156 | -338 |
| Net cash flow | -117 | -28 | 374 | 169 | -140 | 330 | -119 | -195 |
| Capital expenditure | -44 | -37 | -8 | -18 | -58 | -31 | -42 | -70 |
| Free cash flow | -208 | 106 | 71 | 150 | 689 | 281 | 267 | 230 |
| KPI | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Members HGV Max | 266KOur strong 2025 results not only demonstrate the progress we made in integrating our business but they also underscore the advantages of our business model, backed by the strength of the Hilton brand with nearly 60% recurring segment EBITDA, a highly engaged base of over 720,000 members, including 266,000 Max members with substantial embedded value and an established differentiated experience platform in our HGV Ultimate Access.Source: earnings call transcript | 277KThose new buyers helped to support 29% growth in our HGV Max member base over the prior year to 277,000 members.Source: earnings call transcript | <300KNearly 300,000 or 40% of our base are Max members today, growing 24% versus the prior year.Source: earnings call transcript | — |
| Tours | 225KTours were up 9% year-over-year to 225,000, driven by growth in our new buyer as well as our owner channels.Source: earnings call transcript | 189K+Tours grew 8.5% during the quarter to more than 189,000 with growth coming from both our new buyer and owner channels.Source: earnings call transcript | 239KWe generated 239,000 tours in the quarter, an increase of 6% versus the prior year, marking our fourth consecutive quarter of consolidated tour growth and demonstrating the continued demand across the platform.Source: earnings call transcript | — |
| Volume per guest (VPG) | — | <$3,800VPG was nearly $3,800 for the quarter, declining 8% and in line with the expectations of a high single-digit decline we discussed last quarter.Source: earnings call transcript | ~$3,400VPG was down 9% to approximately $3,400 in the quarter, reflecting the factors that I mentioned earlier.Source: earnings call transcript | — |
| Gross receivables | $4.3BCombined gross receivables for the quarter were $4.3 billion.Source: earnings call transcript | $4.4BCombined gross receivables for the quarter were $4.4 billion.Source: earnings call transcript | $5BCombined gross receivables for the quarter were $5 billion.Source: earnings call transcript | +13.6% |
| Annualized default rate | 9.86%Our annualized default rate for our consolidated portfolios was 9.86% for the quarter, reflecting another 24 basis points of improvement from the third quarter and marking our third straight quarter of sequential improvement in our default rate.Source: earnings call transcript | 10.1%Our annualized default rate for our consolidated portfolios was 10.1% for the quarter, reflecting a slight improvement against the first quarter of the prior year.Source: earnings call transcript | — | +0.2 pt |
| Members Resort and club | 720K+In our resort and club business, our consolidated member count was over 720,000.Source: earnings call transcript | 720K+In our resort and club business, our consolidated member count was just over 720,000, reflecting strong new buyer additions offset by continued recaptured activity in the period.Source: earnings call transcript | 722KIn our resort and club business, our consolidated member count was 722,000 as we continue to add new HGV Max members balanced by additional inventory recapture.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
66 filings between Nov 3, 2025 and Oct 1, 2026.
Purchases
None
No insider bought shares.
Sales
$14.10M
7 sales by 3 insiders
Also filed: 2 other filings, 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Wang Mark D | — | $9.91M | May 28, 2026 |
| Corbin Charles R. Jr. | — | $3.81M | Aug 6, 2026 |
| Hernandez Carlos | — | $375.9K | May 19, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Cornejo Maria Pia See Remarks | Tax withheld | 961 | $33.5K |
| Aug 6, 2026 | Corbin Charles R. Jr. See Remarks | Sale | 20,691 | $970.4K |
| Jul 2, 2026 | Duffy Christine Marie Director | Award | 3,190 | $0 |
| Jun 22, 2026 | Apollo Principal Holdings A GP Ltd 10% owner | Other | 750,000 | $37.50M |
| Jun 4, 2026 | Apollo Principal Holdings A GP Ltd 10% owner | Other | 5,000,000 | $250.00M |
| May 28, 2026 | Wang Mark D See Remarks | Sale | 190,813 | $9.91M |
| May 28, 2026 | Wang Mark D See Remarks | Option exercise | 190,813 | $5.40M |
| May 21, 2026 | Corbin Charles R. Jr. See Remarks | Sale | 21,502 | $1.03M |
| May 21, 2026 | Corbin Charles R. Jr. See Remarks | Sale | 11,405 | $536.4K |
| May 19, 2026 | Hernandez Carlos See Remarks | Sale | 5,595 | $261.2K |
| May 15, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 601 | $27.0K |
| May 6, 2026 | Bacon Brenda J Director | Award | 4,114 | $0 |
| May 6, 2026 | PATSLEY PAMELA H Director | Award | 4,114 | $0 |
| May 6, 2026 | WHETSELL PAUL W Director | Award | 4,114 | $0 |
| May 6, 2026 | MANDEL GAIL Director | Award | 4,114 | $0 |
| May 6, 2026 | Lazarus Mark H Director | Award | 4,114 | $0 |
| May 6, 2026 | Potter Leonard Director | Award | 4,114 | $0 |
| Apr 1, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 811 | $32.8K |
| Apr 1, 2026 | Tonkin Dusty See Remarks | Tax withheld | 1,929 | $78.0K |
| Mar 10, 2026 | Tonkin Dusty See Remarks | Award | 34,066 | $0 |
| Mar 10, 2026 | Wang Mark D See Remarks | Award | 73,456 | $0 |
| Mar 10, 2026 | Cornejo Maria Pia See Remarks | Award | 14,194 | $0 |
| Mar 10, 2026 | Hernandez Carlos See Remarks | Award | 7,540 | $0 |
| Mar 10, 2026 | Mathewes Daniel Jason See Remarks | Award | 32,085 | $0 |
| Mar 10, 2026 | GURNIK GORDON See Remarks | Award | 28,980 | $0 |
| Mar 10, 2026 | Corbin Charles R. Jr. See Remarks | Award | 25,875 | $0 |
| Mar 6, 2026 | Hernandez Carlos See Remarks | Tax withheld | 368 | $16.0K |
| Mar 6, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 2,280 | $99.3K |
| Mar 6, 2026 | GURNIK GORDON See Remarks | Tax withheld | 2,169 | $94.4K |
| Mar 6, 2026 | Wang Mark D See Remarks | Tax withheld | 5,522 | $240.4K |
| Mar 6, 2026 | Corbin Charles R. Jr. See Remarks | Tax withheld | 1,318 | $57.4K |
| Mar 5, 2026 | Hernandez Carlos See Remarks | Tax withheld | 462 | $20.9K |
| Mar 5, 2026 | GURNIK GORDON See Remarks | Tax withheld | 2,479 | $112.2K |
| Mar 5, 2026 | Corbin Charles R. Jr. See Remarks | Tax withheld | 1,879 | $85.1K |
| Mar 5, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 2,527 | $114.4K |
| Mar 5, 2026 | Wang Mark D See Remarks | Tax withheld | 6,679 | $302.4K |
| Mar 4, 2026 | Corbin Charles R. Jr. See Remarks | Tax withheld | 3,919 | $174.9K |
| Mar 4, 2026 | Hernandez Carlos See Remarks | Tax withheld | 1,056 | $47.1K |
| Mar 4, 2026 | GURNIK GORDON See Remarks | Tax withheld | 3,919 | $174.9K |
| Mar 4, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 3,047 | $136.0K |
| Mar 4, 2026 | Tonkin Dusty See Remarks | Tax withheld | 3,743 | $167.1K |
| Mar 4, 2026 | Wang Mark D See Remarks | Tax withheld | 11,124 | $496.6K |
| Feb 20, 2026 | GURNIK GORDON See Remarks | Option exercise | 8,523 | $0 |
| Feb 20, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 8,811 | $427.7K |
| Feb 20, 2026 | Mathewes Daniel Jason See Remarks | Option exercise | 21,308 | $0 |
| Feb 20, 2026 | Mathewes Daniel Jason See Remarks | Tax withheld | 3,597 | $174.6K |
| Feb 20, 2026 | Mathewes Daniel Jason See Remarks | Option exercise | 8,523 | $0 |
| Feb 20, 2026 | Corbin Charles R. Jr. See Remarks | Tax withheld | 8,217 | $398.9K |
| Feb 20, 2026 | Corbin Charles R. Jr. See Remarks | Option exercise | 26,635 | $0 |
| Feb 20, 2026 | Corbin Charles R. Jr. See Remarks | Tax withheld | 1,431 | $69.5K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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