Hilton Grand Vacations (HGV) Gross Margin (2017 - 2026)
Hilton Grand Vacations (HGV) posted Gross Margin of 36.75% for Q2 2026, down 1.01% sequentially from 37.12% in Q1 2026, and up 231.0% YoY from 11.1% in Q2 2025.
Hilton Grand Vacations (HGV) Gross Margin (2017 - 2026) Analysis & Trends
Hilton Grand Vacations has reported Gross Margin for 10 years, with the latest figure at 36.75% in Q2 2026.
- Quarterly Gross Margin rose 231.0% year-over-year to 36.75% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 37.04% (up 122.0% YoY) and the FY2025 annual result came in at 35.61%, down 156.0% from the prior year.
- Gross Margin eased to 36.75% in Q2 2026 per HGV's latest filing, from 37.12% in the prior quarter.
- Over five years, Gross Margin peaked at 71.15% in Q3 2022 and troughed at 42.54% in Q4 2022.
- A 5-year average of 38.72% and a median of 37.57% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 15731 bps in 2022, then jumped 7414 bps in 2024.
- Over 5 years, Gross Margin stood at 42.54% in 2022, then grew by 14 bps to 36.6% in 2023, then surged by 203 bps to 37.54% in 2024, then gained by 4 bps to 38.93% in 2025, then declined by 6 bps to 36.75% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 36.75%, 37.12%, and 38.93% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.44 Bn | 27.06 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.97 Bn | 8.42 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.32 Bn | 8.75 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.08 Bn | 5.76 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.06 Bn | 5.00 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.41 Bn | 5.04 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.87 Bn | 3.57 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.54 Bn | 3.27 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.50 Bn | 2.90 Bn | 420.02 Mn | 82.32% |
| 10 | PENN Entertainment | 2.48 Bn | 1.59 Bn | 1.02 Bn | 55.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 36.75% |
| Mar 31, 2026 | 95.41% |
| Dec 31, 2025 | 109.90% |
| Sep 30, 2025 | 100.00% |
| Jun 30, 2025 | 79.54% |
| Mar 31, 2025 | 83.01% |
| Dec 31, 2024 | 110.36% |
| Sep 30, 2024 | 100.00% |
| Jun 30, 2024 | 96.11% |
| Mar 31, 2024 | 80.36% |
| Dec 31, 2023 | 61.43% |
| Sep 30, 2023 | 95.78% |
| Jun 30, 2023 | 96.62% |
| Mar 31, 2023 | 98.29% |
| Dec 31, 2022 | 46.88% |
| Sep 30, 2022 | 71.15% |
| Jun 30, 2022 | 84.18% |
| Mar 31, 2022 | 99.74% |
| Dec 31, 2021 | 98.33% |
| Sep 30, 2021 | 94.18% |