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