Hilton Grand Vacations Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,938	4,001	3,285	3,271	1,950	592
Other Revenue	532	464	307	267	183	165
Revenue	4,470	4,465	3,592	3,538	2,133	757
Revenue Growth (YoY)	5.47%	24.30%	1.53%	65.87%	181.77%	-54.67%
Cost of Revenue	3,220	3,113	2,402	2,284	1,293	603
Gross Profit	1,028	1,164	1,091	1,151	775	101
Selling, General & Admin	212	197	161	197	151	92
Operating Expenses	475	465	374	441	277	137
Operating Income	553	699	717	710	498	-36
Interest Expense	-314	-329	-178	-142	-105	-43
Earnings From Equity Investments	23	18	12	13	10	5
Other Non Operating Income (Expenses)	-5	-11	2	-1	-26	3
EBT Excluding Unusual Items	257	377	553	580	377	-71
Merger & Restructuring Charges	-122	-237	-68	-67	-106	-
Asset Writedown	-2	-2	-3	-17	-2	-209
Legal Settlements	-2	-2	-33	-15	-	-
Pretax Income	131	136	449	481	269	-280
Income Tax Expense	59	76	136	129	93	-79
Earnings From Continuing Operations	72	60	313	352	176	-201
Minority Interest in Earnings	-19	-13	-	-	-	-
Net Income	53	47	313	352	176	-201
Net Income to Common	53	47	313	352	176	-201
Net Income Growth	-44.21%	-84.98%	-11.08%	100.00%	-	-
Shares Outstanding (Basic)	93	102	110	118	100	85
Shares Outstanding (Diluted)	95	103	112	120	101	85
Shares Change (YoY)	-10.19%	-7.62%	-6.69%	18.30%	18.94%	-4.81%
EPS (Basic)	0.57	0.46	2.84	2.98	1.77	-2.36
EPS (Diluted)	0.56	0.45	2.80	2.93	1.75	-2.36
EPS Growth	-37.55%	-83.93%	-4.44%	67.43%	-	-
Free Cash Flow	173	267	281	689	150	71
Free Cash Flow Per Share	1.83	2.59	2.52	5.76	1.48	0.83
Gross Margin	23.00%	26.07%	30.37%	32.53%	36.33%	13.34%
Operating Margin	12.37%	15.65%	19.96%	20.07%	23.35%	-4.76%
Profit Margin	1.19%	1.05%	8.71%	9.95%	8.25%	-26.55%
Free Cash Flow Margin	3.87%	5.98%	7.82%	19.47%	7.03%	9.38%
EBITDA	816	967	930	954	624	9
EBITDA Margin	18.25%	21.66%	25.89%	26.96%	29.25%	1.19%
D&A For EBITDA	263	268	213	244	126	45
EBIT	553	699	717	710	498	-36
EBIT Margin	12.37%	15.65%	19.96%	20.07%	23.35%	-4.76%
Effective Tax Rate	45.04%	55.88%	30.29%	26.82%	34.57%	-
Revenue as Reported	4,998	4,981	3,978	3,835	2,335	894

Source: S&P Global Market Intelligence. Standard template. Financial Sources.