Hilton Grand Vacations (HGV) Gross Margin (2016 - 2026)

Hilton Grand Vacations' (HGV) quarterly Gross Margin came in at 85.91% in Q1 2026, down 1234.0% year-on-year from 7.58% in Q1 2025, and down 33.65% quarter-over-quarter from 129.48% in Q4 2025.

Hilton Grand Vacations (HGV) Gross Margin (2016 - 2026) Analysis & Trends

Hilton Grand Vacations has disclosed Gross Margin across 11 years of filings, most recently posting 85.91% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 85.91%, down 1234.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 103.09% (up 2167.0% YoY), and the FY2025 annual result was 100.0%, up 1454.0% from the prior year.
  • Gross Margin came in at 85.91% for Q1 2026 at Hilton Grand Vacations, down from 129.48% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 129.48% in Q4 2025 to a low of 43.61% in Q4 2024.
  • The 5-year median for Gross Margin is 97.43% (2023), against an average of 97.3%.
  • Across the five-year window, Gross Margin plunged 8475 bps in 2024 and soared 8587 bps in 2025, its largest moves.
  • Hilton Grand Vacations' Gross Margin stood at 109.07% in 2022, then increased by 18 bps to 128.36% in 2023, then sank by 66 bps to 43.61% in 2024, then soared by 197 bps to 129.48% in 2025, then sank by 34 bps to 85.91% in 2026.
  • The last three Gross Margin figures came in at 85.91% (Q1 2026), 129.48% (Q4 2025), and 100.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn 95.16%
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn 74.45%
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn - -
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn 94.56%
5 Vail Resorts 4.85 Bn 4.81 Bn - -
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn 85.91%
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn 96.92%
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn 97.77%
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn 54.59%
10 Monarch Casino & Resort 2.19 Bn 2.07 Bn 34.95 Mn 25.59%

Historic Data

Download Data
DateValue
Mar 31, 2026 85.91%
Dec 31, 2025 129.48%
Sep 30, 2025 100.00%
Jun 30, 2025 95.89%
Mar 31, 2025 98.26%
Dec 31, 2024 43.61%
Sep 30, 2024 100.00%
Jun 30, 2024 85.43%
Mar 31, 2024 95.85%
Dec 31, 2023 128.36%
Sep 30, 2023 95.78%
Jun 30, 2023 96.62%
Mar 31, 2023 97.43%
Dec 31, 2022 109.07%
Sep 30, 2022 99.28%
Jun 30, 2022 98.21%
Mar 31, 2022 94.87%
Dec 31, 2021 114.97%
Sep 30, 2021 97.41%
Jun 30, 2021 94.31%