Hilton Grand Vacations (HGV) Operating Expenses (2016 - 2026)
Hilton Grand Vacations (HGV) posted Operating Expenses of $1.3 billion for Q2 2026, up 10.95% sequentially from $1.1 billion in Q1 2026, and up 9.79% YoY from $1.2 billion in Q2 2025.
Hilton Grand Vacations (HGV) Operating Expenses (2016 - 2026) Analysis & Trends
Hilton Grand Vacations has reported Operating Expenses for 11 years, with the latest figure at $1.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 9.79% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.8 billion (up 4.85% YoY) and the FY2025 annual result came in at $4.6 billion, up 1.41% from the prior year.
- Operating Expenses rose to $1.3 billion in Q2 2026 per HGV's latest filing, from $1.1 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.3 billion in Q2 2026 and troughed at $679.0 million in Q1 2022.
- A 5-year average of $1.0 billion and a median of $1.1 billion in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 190.17% in 2022, then dropped 4.66% in 2023.
- Over 5 years, Operating Expenses stood at $865.0 million in 2022, then climbed by 0.58% to $870.0 million in 2023, then jumped by 32.18% to $1.2 billion in 2024, then advanced by 1.39% to $1.2 billion in 2025, then grew by 8.66% to $1.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.3 billion, $1.1 billion, and $1.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 2.54 Bn |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 3.97 Bn |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 1.56 Bn |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 833.69 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 2.48 Bn |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 1.16 Bn |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 1.27 Bn |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 374.27 Mn |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 1.73 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.27 Bn |
| Mar 31, 2026 | 1.14 Bn |
| Dec 31, 2025 | 1.17 Bn |
| Sep 30, 2025 | 1.18 Bn |
| Jun 30, 2025 | 1.15 Bn |
| Mar 31, 2025 | 1.09 Bn |
| Dec 31, 2024 | 1.15 Bn |
| Sep 30, 2024 | 1.14 Bn |
| Jun 30, 2024 | 1.14 Bn |
| Mar 31, 2024 | 1.09 Bn |
| Dec 31, 2023 | 870.00 Mn |
| Sep 30, 2023 | 838.00 Mn |
| Jun 30, 2023 | 853.00 Mn |
| Mar 31, 2023 | 804.00 Mn |
| Dec 31, 2022 | 865.00 Mn |
| Sep 30, 2022 | 879.00 Mn |
| Jun 30, 2022 | 801.00 Mn |
| Mar 31, 2022 | 679.00 Mn |
| Dec 31, 2021 | 684.00 Mn |
| Sep 30, 2021 | 719.00 Mn |