Hilton Grand Vacations (HGV) Gross Margin (2017 - 2026)

Hilton Grand Vacations (HGV) reported Gross Margin of 95.41% for Q1 2026, up 1239.0% on a YoY basis from 7.13% in Q1 2025, and down 13.19% sequentially from 109.9% in Q4 2025.

Hilton Grand Vacations (HGV) Gross Margin (2017 - 2026) Analysis & Trends

Hilton Grand Vacations (HGV) has 10 years of Gross Margin data on file, last reported at 95.41% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 1239.0% year-over-year to 95.41%; the trailing twelve-month figure through Mar 2026 stood at 96.41% (down 138.0% YoY), and the FY2025 full-year result was 99.41%, down 59.0% from the prior year.
  • Gross Margin slipped to 95.41% in Q1 2026, from 109.9% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 110.36% in Q4 2024 to a low of 46.88% in Q4 2022.
  • A 5-year average of 88.75% and a median of 95.78% in 2023 frame the typical range for Gross Margin.
  • Across the five-year window, Gross Margin sank 5145 bps in 2022 and surged 4893 bps in 2024, its largest moves.
  • Tracing HGV's Gross Margin over 5 years: stood at 46.88% in 2022, then jumped by 31 bps to 61.43% in 2023, then soared by 80 bps to 110.36% in 2024, then dropped by 0 bps to 109.9% in 2025, then slipped by 13 bps to 95.41% in 2026.
  • Business Quant data shows HGV's Gross Margin at 95.41% in Q1 2026, 109.9% in Q4 2025, and 100.0% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 97.43%
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 97.02%
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 94.08%
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 98.68%
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 96.69%
7 Vail Resorts 5.23 Bn 5.21 Bn - -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 95.41%
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 85.38%
10 Studio City International Holdings 3.53 Bn 3.45 Bn 155.38 Mn 87.92%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 96.71%