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| Date | Value |
|---|---|
| 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% |