Hilton Grand Vacations (HGV) Net Margin (2016 - 2026)
Hilton Grand Vacations (HGV) recorded Net Margin of 14.84% in Q3 2026, up 12.92 percentage points from 1.92% a year earlier and up 13.96 percentage points from the prior quarter.
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Analysis
Hilton Grand Vacations (HGV) Net Margin (2016 - 2026) Analysis & Trends
On a TTM basis, Hilton Grand Vacations' Net Margin came in at 7.02% as of Sep 30, 2026, up 5.96 percentage points year-over-year; for FY2025, it came in at 1.60%, up 0.66 percentage points from FY2024.
- Annual Net Margin has a five-year change of +24.09 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 0.94% in FY2024 (-6.92 pp), 7.87% in FY2023 (-1.31 pp), 9.18% in FY2022 (+1.64 pp) and 7.54% in FY2021 (+30.02 pp).
- The Q3 2026 figure is the highest quarterly Net Margin since Q4 2019.
- On a year-over-year basis, Net Margin rose in four of the last eight quarters, with an average year-over-year change of +1.97 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 81.59 percentage points in Q4 2021, against a drop of 8.16 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.88% (Q2 2026), 5.14% (Q1 2026) and 3.60% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 111.40 Bn | 109.45 Bn | 1.55 Bn | 10.83% |
| 2 | Royal Caribbean Cruises | 88.24 Bn | 85.18 Bn | 2.88 Bn | 30.91% |
| 3 | Hilton Worldwide Holdings | 83.27 Bn | 80.00 Bn | 3.05 Bn | 16.12% |
| 4 | Carnival | 42.21 Bn | 35.39 Bn | - | 22.76% |
| 5 | Viking Holdings | 39.25 Bn | 24.37 Bn | 996.62 Mn | 26.82% |
| 6 | Trip.com | 28.28 Bn | -16.75 Bn | 1.84 Bn | -15.64% |
| 7 | Intercontinental Hotels | 26.99 Bn | 22.96 Bn | - | - |
| 8 | Hyatt Hotels | 17.77 Bn | 15.18 Bn | 384.00 Mn | 3.33% |
| 9 | H World | 15.40 Bn | 6.81 Bn | 456.00 Mn | 22.10% |
| 10 | Hilton Grand Vacations | 3.34 Bn | 2.34 Bn | 854.00 Mn | 14.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.84% |
| Jun 30, 2026 | 0.88% |
| Mar 31, 2026 | 5.14% |
| Dec 31, 2025 | 3.60% |
| Sep 30, 2025 | 1.92% |
| Jun 30, 2025 | 1.97% |
| Mar 31, 2025 | -1.48% |
| Dec 31, 2024 | 1.56% |
| Sep 30, 2024 | 2.22% |
| Jun 30, 2024 | 0.16% |
| Mar 31, 2024 | -0.35% |
| Dec 31, 2023 | 6.67% |
| Sep 30, 2023 | 9.04% |
| Jun 30, 2023 | 7.94% |
| Mar 31, 2023 | 7.82% |
| Dec 31, 2022 | 7.86% |
| Sep 30, 2022 | 13.44% |
| Jun 30, 2022 | 7.70% |
| Mar 31, 2022 | 6.55% |
| Dec 31, 2021 | 8.95% |
API Access
Hilton Grand Vacations Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HGV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HGV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HGV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();