Hilton Grand Vacations (HGV)
NYSE:HGV
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.09Last Year’s EPS
0.54Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive picture: the company delivered above-expectation adjusted EBITDA growth, margin expansion, improved financing performance, strong new-buyer and tour trends, and raised full-year adjusted EBITDA guidance. Management also executed strategic moves (Elara tail acquisition, identified dispositions) and continued meaningful share repurchases. Offsetting items include an 8% decline in VPG, a modest decline in contract sales, a $19M developer maintenance fee drag in rentals, a Q1 adjusted free cash flow outflow of $37M, and elevated allowance levels tied to portfolio mix. Overall the operational and financial positives, guidance raise, and strategic actions outweigh the near-term headwinds.Company Guidance
Adjusted EBITDA Growth and Margin Expansion
Adjusted EBITDA to shareholders grew 8% year-over-year to $267 million, with margins (excluding reimbursements) of 23%, up 130 basis points versus the prior year. Management raised full-year adjusted EBITDA guidance to $1.225B–$1.265B (up $40M at the midpoint).
Revenue and Top-Line Stability
Total revenue before cost reimbursements increased 2% year-over-year to $1.2 billion, and contract sales of $719 million performed in line with prior expectations.
Strong New Buyer and Tour Trends
Tours increased 8.5% to over 189,000 and new buyer transactions rose 8% year-over-year (highest first-quarter new-buyer transactions since 2023). New buyer contract sales comprised over 26% of total contract sales, up ~160 basis points year-over-year.
Real Estate Profitability Improvement
Real estate profit was $152 million with margins of 28%, up 350 basis points versus the prior year; real estate sales & marketing expense decreased 260 basis points to 49% of contract sales due to efficiency initiatives.
Financing Business Strength
Financing revenue was $138 million with profit of $87 million. Financing margins improved to 65%, up 510 basis points year-over-year. Weighted average interest rate on originated loans was 14.5% and combined gross receivables totaled $4.4 billion.
Member Engagement and Product Expansion
Consolidated member count exceeded 720,000 and HGV Max membership grew 29% year-over-year to 277,000. Company expanded MAX/Ultimate Access offerings with additional benefits and live events, supporting member engagement and embedded value.
Strategic Portfolio Actions and Capital Returns
Agreement to acquire remaining 75% of Elara JV (net cash use ~$45M) — expected to contribute approx. $20M to 2026 EBITDA — and an identified disposition package of 8 noncore properties expected to provide $10M–$12M run-rate EBITDA benefit. The company repurchased $150M of stock in the quarter (plus $41M in April), continuing a multi-quarter buyback cadence.
Strong Liquidity and Capital-Market Execution
Liquidity of $852 million (cash $261M + $591M revolver availability); total net leverage of 3.9x (TTM). Completed an oversubscribed $500M securitization priced at ~5.13% with a 98% advance rate, signaling healthy investor demand.
HGV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HGV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $43.40 | $46.97 | +8.23% |
Feb 26, 2026 | $48.60 | $46.90 | -3.50% |
Oct 30, 2025 | $44.16 | $41.22 | -6.66% |
Jul 31, 2025 | $50.78 | $44.82 | -11.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hilton Grand Vacations (HGV) report earnings?
Hilton Grand Vacations (HGV) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Hilton Grand Vacations (HGV) earnings time?
Hilton Grand Vacations (HGV) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HGV EPS forecast?
HGV EPS forecast for the fiscal quarter 2026 (Q2) is 1.09.