Hilton Grand Vacations Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	4,000	4,001	3,285	3,271	1,950
Other Revenue	1,047	464	307	267	183
Revenue	5,047	4,465	3,592	3,538	2,133
Revenue Growth (YoY)	13.04%	24.30%	1.53%	65.87%	181.77%
Cost of Revenue	3,249	3,113	2,402	2,284	1,293
Gross Profit	1,583	1,164	1,091	1,151	775
Selling, General & Admin	215	197	161	197	151
Other Operating Expenses	534	-	-	-	-
Operating Expenses	1,022	465	374	441	277
Operating Income	561	699	717	710	498
Interest Expense	-311	-329	-178	-142	-105
Earnings From Equity Investments	19	18	12	13	10
Other Non Operating Income (Expenses)	7	-11	2	-1	-26
EBT Excluding Unusual Items	276	377	553	580	377
Merger & Restructuring Charges	-98	-237	-68	-67	-106
Asset Writedown	-3	-2	-3	-17	-2
Legal Settlements	-	-2	-33	-15	-
Pretax Income	175	136	449	481	269
Income Tax Expense	76	76	136	129	93
Earnings From Continuing Operations	99	60	313	352	176
Minority Interest in Earnings	-18	-13	-	-	-
Net Income	81	47	313	352	176
Net Income to Common	81	47	313	352	176
Net Income Growth	72.34%	-84.98%	-11.08%	100.00%	-
Shares Outstanding (Basic)	90	102	110	118	100
Shares Outstanding (Diluted)	91	103	112	120	101
Shares Change (YoY)	-11.72%	-7.62%	-6.69%	18.30%	18.94%
EPS (Basic)	0.90	0.46	2.84	2.98	1.77
EPS (Diluted)	0.89	0.45	2.80	2.93	1.75
EPS Growth	97.78%	-83.93%	-4.44%	67.43%	-
Free Cash Flow	230	267	281	689	150
Free Cash Flow Per Share	2.53	2.59	2.52	5.76	1.48
Gross Margin	31.36%	26.07%	30.37%	32.53%	36.33%
Operating Margin	11.12%	15.65%	19.96%	20.07%	23.35%
Profit Margin	1.60%	1.05%	8.71%	9.95%	8.25%
Free Cash Flow Margin	4.56%	5.98%	7.82%	19.47%	7.03%
EBITDA	834	967	930	954	624
EBITDA Margin	16.53%	21.66%	25.89%	26.96%	29.25%
D&A For EBITDA	273	268	213	244	126
EBIT	561	699	717	710	498
EBIT Margin	11.12%	15.65%	19.96%	20.07%	23.35%
Effective Tax Rate	43.43%	55.88%	30.29%	26.82%	34.57%
Revenue as Reported	5,047	4,981	3,978	3,835	2,335

Updated Feb 26, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q